Depreciation is a fundamental concept that allows businesses to allocate the cost of long-term assets over their useful lives. While accumulated depreciation reflects the total depreciation recognized over the life of an asset, depreciation expense provides a snapshot of the current period’s allocation of the asset’s cost as an operating expense. In other words, depreciation…
Versus
Real Estate Agent vs Broker vs Realtor: What’s the Difference?
The terms real estate agent, broker, and Realtor are often used synonymously by clients and real estate professionals. While all three professionals can help people buy, sell, or rent properties, they differ in responsibilities, salaries, and governing agencies. In this article, we explore the differences between a real estate agent vs broker vs Realtor, the…
Zoho vs Salesforce: Which CRM Is Best for Your Business?
Zoho CRM and Salesforce are popular customer relationship management (CRM) software platforms that serve sales teams of all sizes with excellent lead management features. Zoho CRM, however, stands out for its price value, ease of use, and low-cost automation capabilities. Salesforce, on the other hand, has an edge on Zoho CRM when it comes to…
Sales Order vs Purchase Order: Differences & How It Works
It’s easy to confuse a sales order (SO) with a purchase order (PO). While these two may have the same information, the PO always comes from the buyer as it’s a formal document requesting a supplier to provide the goods to the buyer. Meanwhile, the SO always comes from the seller, given it’s a formal…
TaxAct vs TurboTax: Which Is Best for 2024
In the battle between TaxAct vs TurboTax, we found that TaxAct is generally less expensive and ideal for small businesses wanting to file taxes online. TurboTax, on the other hand, is optimal for those needing full-service tax preparation and filing for their business. Our comparison guide will explore their features, pricing structures, ease of use,…
Credit Card vs Debit Card Processing: What’s the Difference?
Credit card payment processing involves borrowing funds from a credit line, while debit card processing entails direct access to the user’s bank account, with transactions instantly deducted from available funds. Businesses that accept card payments often accept both credit cards and debit cards. However, debit cards are considered less risky, so financial institutions charge lower…
CPA vs CMA: Which Is Better for Your Business?
In the fast-paced world of business and finance, selecting the right accounting professional for your organization is a critical decision. Two prominent certifications, the certified public accountant (CPA) and certified management accountant (CMA), offer distinct expertise and cater to different aspects of financial management. In this article, we will explore the characteristics of each certification…
Google Workspace vs Microsoft 365: Which Office Suite Is Best in 2024?
When it comes to choosing the best email hosting and productivity suite for your business, Google Workspace and Office 365 by Microsoft will likely come out as two of your top options. It’s not surprising: Both tech giants dominate the productivity space, are very helpful and fairly easy to use, and have dozens of useful…