Eric Gerard Ruiz, CPA

Wave is my top pick when it comes to free accounting software. However, some may find that Wave falls short in certain areas. For example, both its free and paid tiers lack time tracking, inventory features, a wide bookkeeping network, and a strong mobile app. If these features are essential to your business, here are…

QuickBooks Desktop Pro and Premier are no longer available to new users, leaving QuickBooks Desktop Enterprise as the only remaining option — often at a significantly higher cost. In my evaluation, this shift pushes many businesses to look for alternatives that can match QuickBooks Desktop’s functionality without the added expense or limitations. Sage 50 Accounting…

When evaluating professional tax software, I look for options that are easy to use, offer a wide range of forms, and are priced competitively against similar products. I also place importance on how easily users can access customer support when needed. Here are six of the best tax software options for professionals: At-a-glance comparison of…

Editor’s Note: This article focuses on the big-picture 1231 issues. It excludes details and exceptions that rarely make a difference and only serve to overly complicate things. It is intended for small business owners trying to understand how the tax is calculated on their asset sales, so if you’re a tax pro researching the nuances…

Owning a small business doesn’t require being a tax expert. Filing is mostly about finding the right documents and using a guided process to put them in the right place. With time before the April 15 deadline, this checklist breaks the work into simple, manageable steps — find each item, check it off, and move on….

April is fast approaching, and for many people, that means it’s time to think seriously about filing taxes. TurboTax is a widely used tax preparation platform designed to help individuals and businesses complete their returns through guided, software-driven workflows. Rather than relying on manual form entry, it breaks the process into step-by-step questions aligned with…

Small business tax deadlines are easier to remember when you group them by how the business is taxed, not by trying to memorize every date. A simple trick is to ask one question first: Does the business pass income through to the owner, or does it pay its own tax? That distinction usually tells you…

Running an online store can feel exciting, but the real challenge is understanding what you actually earn after fees, shipping, refunds, and fast-moving inventory. Accounting pulls all those pieces together so sellers can spot real profit, avoid common mistakes, and make smarter decisions. The article breaks down the essentials of accounting for ecommerce in simple…

Bookkeeping is a great home-based business that’s easy to start with very little cash. Whether you want extra income or a full-time operation, this guide is designed to get you qualified, equipped, and ready to take on paying clients. This guide cuts out the busywork and gets straight to what matters, starting from creating a…

Nonprofit accounting focuses on accountability rather than profit. It ensures that every donation, grant, or contribution is tracked according to donor intent and used in line with the organization’s mission. Unlike for-profit businesses, nonprofits must separate funds, document restrictions, and report transparently to maintain compliance and trust. Tools like QuickBooks Online can handle these needs…

The disposal of a fixed asset is the final step in managing fixed assets within your books. It starts by identifying why the asset is being removed. After that, the asset’s cost and depreciation are cleared, any proceeds are recorded, and the result (any gain or loss) is determined based on its remaining value. With…

I review and research accounting tools every month to stay current on what truly works for small businesses. For me, the best Shopify accounting software should automate sales data, handle taxes accurately, and simplify reconciliation without requiring deep accounting knowledge. It must seamlessly connect Shopify transactions with real-time financial reporting to give business owners clarity…