Automated Clearing House (ACH) and electronic fund transfers (or EFTs) are both catch-all phrases for certain transaction types. The main difference between ACH and EFT payments is that EFT is a larger term that refers to any type of digital transaction funded by a bank account, including ACH. Meanwhile, an ACH payment is any bank-funded…
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Zoho Books vs Xero: Which Software Is Best?
Zoho Books and Xero are equally popular accounting software. In our Zoho Books vs Xero comparison, Zoho Books wins because of its advanced inventory management features and flexible pricing tiers. We recommend Xero for companies with large accounting teams: : Small businesses looking for a full-featured accounting program with the best-in-class mobile app : Small…
Bluevine vs Relay Business Checking: Which Is Better For You?
Bluevine and Relay are both excellent digital-only providers. Bluevine’s high annual percentage yield (APY) of 1.5% under its Standard Checking and unlimited credit card cashback rewards make it a great fit for businesses that want to earn competitive interest. Where Relay holds an edge over Bluevine is its ability to streamline cash management processes by…
What Is a Realized vs Recognized Gain?
While realized gains and recognized gains may sound similar, they have distinct meanings. The main difference between realized and recognized gain significantly impacts your tax bill: Realized gain is the tangible financial benefit you receive when selling an asset for more than its adjusted basis. It reflects your overall profit regardless of accounting or tax…
TurboTax vs H&R Block: Which Is Best
We’ve compared TurboTax vs H&R Block in terms of features, customer service, ease of use, and other offerings to help you determine the best fit for your business. However, the choice between the two ultimately depends on individual needs, the complexity of the tax situation, preferred support options, and budget considerations. TurboTax is a widely…
Chase vs Wells Fargo Business Checking: Which Is Better?
Chase and Wells Fargo business checking accounts offer great options for online and in-person banking services. Chase Business Complete Banking provides unlimited digital transactions and in-house merchant services at a waivable $15 monthly fee. Meanwhile, Wells Fargo offers Initiate Business Checking with a lower and easier-to-waive $10 monthly fee but caps fee-free monthly transactions at…
Buying vs Leasing Commercial Real Estate
If you’re looking to acquire commercial real estate (CRE), buying and leasing are two options you can consider: Buying real estate typically requires more cash upfront but it allows you to build equity, has more flexibility in making modifications to the property, and has fewer long-term variable costs. Leasing real estate requires less upfront money,…
What Is a Realized Gain vs Unrealized Gain?
Realized and unrealized gains are both important concepts in investing, but they have distinct meanings and implications for accounting and taxes. The key difference between realized gain vs unrealized gain is whether you have sold the asset that has increased in value: Realized gain is the sales price of an asset in excess of the…