First-in, first-out (FIFO) and last-in, first-out (LIFO) are costing methods used to value ending inventory and the cost of goods sold. The differences between FIFO vs LIFO are simple. FIFO assumes the first items sold are the first ones added to inventory. With LIFO, the first items sold are the last items put into inventory….
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Bluehost vs Squarespace: Price, Features & What’s Best
Bluehost and Squarespace are leading web hosts that enable businesses to maintain a professional website. Bluehost is a top web host provider for those building a site with WordPress. Squarespace is a web host and website builder in-one, so it’s best for those looking to build their own website without any technical expertise. When to…
Yooz vs QuickBooks: Price, Features, & What’s Best
QuickBooks Online (QBO) is an all-inclusive accounting solution for small businesses. You can track all income and expenses in QBO. Yooz is ideal for small businesses that are struggling to pay bills on time and need help streamlining accounts payable. When to Use QuickBooks Online is ideal for small businesses needing an accounting software that…
Sage Intacct vs QuickBooks: Price, Features & What’s Best
We compared Sage Intacct vs QuickBooks on price, features included, and customer reviews. QuickBooks Enterprise is ideal for businesses on a budget that have complicated inventory needs and require parent and subsidiary tracking and reporting. Sage Intacct is best for larger companies that need multiple approval levels and tracking by entity, department, and location. When…
Zendesk vs Freshdesk: Price, Features & What’s Best
Freshdesk and Zendesk are customer help desk platforms for small businesses featuring chat, self-help knowledge base, social media monitoring, and ticket automation. Freshdesk is the top choice for businesses looking for the best overall set of features at an affordable price, while Zendesk is a good choice for larger teams needing advanced reporting or customization….
Inside Sales vs Outside Sales: Definition & Team Structure
Inside sales and outside sales are sales functions focused on different tactics. While teams can be structured similarly, inside salespeople primarily accomplish tasks by phone and focus mainly on high volume sales or administrative support for outside salespeople. Outside salespeople conduct tasks in person and are employed primarily for low volume, high-ticket sales. CRM can…
GoDaddy Bookkeeping vs FreshBooks: Prices & Features
We compared GoDaddy Bookkeeping vs FreshBooks on cost, features, customer support, and user reviews. GoDaddy Bookkeeping is ideal for ecommerce businesses, and FreshBooks is ideal for freelancers. GoDaddy Bookkeeping fits any budget with a starting price of $4.99 vs $14.99 for FreshBooks. However, FreshBooks offers more features for the additional cost. When to Use FreshBooks…
Bookkeeper vs Accountant: Differences & Which Is Right for You
Eventually, most small businesses will need to hire a bookkeeper and accountant. If you are struggling to keep up with daily transactions like invoicing customers and paying bills, you need to hire a bookkeeper. If you’ve got daily tasks under control but need someone who can interpret financial statements, it’s time to hire an accountant….
Angel Investor vs Venture Capitalist Funding: Which Is Best?
When considering raising funding from an angel investor compared to a venture capitalist, the deciding factor is your startup stage. Startups ready to scale are best served by venture capital, which can provide more funding for equity. However, startups in earlier stages may not need as much funding and are better served by angel investors….
W9 vs 1099: IRS Forms, Differences, and When to Use Them
A W9 is an Internal Revenue Service (IRS) form that’s used to gather information about a contractor so that their earnings can be reported at year-end. Conversely, a 1099 (1099-MISC) is the document that’s issued at year-end to show how much income the contractor earned. Thanks to QuickBooks Payroll for sponsoring this post. As a…
Interest Rate vs APR: How They Differ & When They’re Used
An annual percentage rate (APR) and interest rate both represent the annual cost of borrowing as a percentage of the borrowed amount. Lenders use your interest rate to calculate monthly payments and disclose the APR. APR includes some fees in addition to interest resulting in a more comprehensive annualized cost of borrowing. What an Interest…
Namely vs Zenefits: Price, Features & What’s Best
Namely and Zenefits are both cloud-based HR software programs that manage HRIS data and processes—like employee records, benefits enrollment, labor law compliance, and payroll. While Zenefits is generally more affordable and easier to set up, Namely is a bit more customizable. Both provide an HR portal and mobile app for employee self-service. When to Use…