Financial Resources for Businesses

Choosing the right accounting method is one of the most important decisions small- and mid-size business owners make—one that impacts financial clarity, tax planning, and day-to-day management. Two primary methods exist: cash accounting and accrual accounting. Each offers distinct advantages, and understanding how they work will help you select the approach that best supports your operations and long-term goals.

Cash flow is the lifeblood of any small business. Even if you’re profitable on paper, running out of cash means you can’t pay bills, cover payroll, or seize growth opportunities.

On March 25, 2025, President Trump signed Executive Order 14247: “Modernizing Payments To and From America’s Bank Account”, setting in motion a major change in how the federal government disburses and collects funds.

Whether you're a small business owner, an aspiring accountant, or a seasoned professional looking to enhance your skills, learning QuickBook