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Is accounts payable an asset or a liability?

Accounting 101

Here’s your crash course to accounting 101. Take the frustration out of accounting with finance basics all business owners should know.

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Latest articles for Accounting 101

Latest articles for Accounting 101

April 8, 2025 7 min read

Is accounts payable an asset or a liability?

April 7, 2025 7 min read

What is the accounts receivable process?

April 4, 2025 8 min read

Cash flow vs profit: Master the twin pillars of business growth and finance

April 3, 2025 7 min read

What is a purchase order?

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How to comply with nonprofit accounting standards

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What is accounts receivable management? How to improve it and best practices

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How do purchase orders work?

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Sales order vs. purchase order: What are the differences?

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Consolidated balance sheet: What it is and how to create one

March 20, 2025 6 min read

General journal vs general ledger: What’s the difference?

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March 19, 2025 10 min read

Strategic budgeting explained: the finance team’s role in long-term planning

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Nonprofit financial management best practice and tips

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Understanding financial ratios for nonprofits

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Explaining the nonprofit balance sheet

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What is a statement of functional expenses? An essential nonprofit accounting guide

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What is portfolio accounting in financial services?

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Best practice accounting for real estate investors

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Accrual basis accounting: What it is, benefits and examples

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Account reconciliation: What it is and best practices

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February 14, 2025 6 min read

Is accounts receivable an asset or liability? Everything you need to know