Amortization allocates the cost of intangible assets or certain prepaid expenses over multiple years, while depreciation allocates the cost of tangible assets with physical substance over their estimated useful life. Essentially, they are similar concepts in that they both involve the gradual allocation of the cost of assets over time. They help businesses reflect the…
Versus
ShipBob vs Fulfillment By Amazon (FBA): Pricing & Features
Between ShipBob vs Fulfillment By Amazon (FBA), ShipBob offers better pricing and services for ecommerce and multichannel fulfillment while FBA is the better solution for Amazon-focused sellers. ShipBob and FBA are third-party order fulfillment solutions used by ecommerce sellers and other small businesses. Sellers hire them to outsource product storage, inventory management, order processing, shipping,…
Business Loan vs Personal Loan: Differences & How To Choose
The differences between a business loan vs personal loan are their rates, terms, and eligibility criteria: Business loans apply only to business expenses and require credentials based on business history. Personal loans are more flexible and generally are easier to qualify for because of being based on the borrower’s personal financial circumstances. In the matter of…
Current Assets vs Fixed Assets: What’s the Difference?
The main differences between current assets vs fixed assets are their expected lifespan and how easily they can be converted into cash: Current assets are short-term assets that are expected to be converted into cash or consumed within one year, such as cash, accounts receivable, and inventory; geared toward short-term liquidity and day-to-day operations Fixed…
Stripe vs Shopify: Small Business Guide
Evaluating Stripe vs Shopify can be tricky because it’s not an apples-to-apples comparison. Shopify is an ecommerce platform with integrated payment processing, whereas Stripe is a customizable payment processor that lacks a point-of-sale (POS) system and ecommerce software. Both, however, are easy to use, have excellent user reviews, handle international sales, and don’t require a…
Merchant Cash Advance vs Business Loan: How To Choose
As a general rule of thumb, business loans are the best option if your company needs funding. This is because merchant cash advances (MCAs) are an expensive form of credit that we typically recommend only as a last resort. However, both MCAs and business loans can be beneficial if used properly. Funds from each of…
FreshBooks vs Wave: Features & Comparison
FreshBooks and Wave have many similar features, such as the ability to send unlimited invoices and track unpaid bills. However, FreshBooks is a bit more robust, as it has features not found in Wave, including project accounting and time tracking. Wave, on the other hand, has fewer features but is more affordable, with a free…
Chase vs Capital One Business Checking: Which Is Best?
Chase and Capital One offer comprehensive banking services at a modest price. Chase is best for users who prioritize convenient branch access given its strong physical presence in 48 states, whereas Capital One is best for cost-conscious customers looking to save slightly on banking fees. : Best overall with full-service banking and wide geographic availability…