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…
Versus
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…
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…
Novo vs Found Business Checking: Which Is Best?
Novo and Found offer minimal fees, built-in bookkeeping, and unlimited free invoicing. If you value cost-saving features and quick financing access, Novo provides ATM fee refunds, discounts on popular business software, and a seamless funding solution. Meanwhile, Found is best for blended banking and accounting with its automated tax savings, receipt capture, and built-in bookkeeping…
Recourse vs Nonrecourse Debt and Why It Matters for Taxes
Recourse and nonrecourse liabilities differ in terms of responsibility for the loss if the borrower defaults on the loan. With recourse debt, the lender can sue the borrower to be made whole for the loss. Any debt that is not recourse is nonrecourse. This difference between recourse vs nonrecourse debt matters for taxes because losses…
Novo vs Bluevine Business Checking: Which Is Best For You?
If you need access to affordable, digital-only business checking, Novo and Bluevine are both excellent platforms. Depending on your needs, Novo is a good pick if you are looking for useful tech tools, while Bluevine is an excellent option if you prioritize high interest-earning opportunities. Here is a summary of what each is best for:…
ERP vs CRM: Which Is Better for Small Businesses?
Startups and small businesses need to use all of the technology at their disposal to remain competitive with larger, well-established corporations. Among these solutions are enterprise resource planning (ERP) and customer relationship management (CRM) software. While ERP is popular in enterprise-level businesses, CRM software is often the gateway business technology for small businesses. Find out…