Blog

The latest industry news, interviews, technologies, and resources

August 6, 2025

August 5, 2025

How to Fill Out a Rent Receipt: A Step-by-Step Guide

Learn how to fill out a rent receipt, what details to include, and the legal requirements to ensure proper documentation for both landlords and tenants.

12 min

Tofu Took the Hassle & Stress Out of Running My Business

Personal story by Mike, car mechanic. Mike was delighted to find that Tofu took the hassle and stress out of managing his business, and he was able to free up more time in his day.

August 6, 2025

May 9, 2025

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3 min

The Accounting Cycle Explained: Everything You Need to Know

This guide breaks down the 8 essential steps of the accounting cycle, from recording transactions to closing the books. Learn how each step supports accurate financial reporting, reduces errors, and helps small businesses stay organized and compliant.

August 6, 2025

May 4, 2025

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8 min

Accounting Equation: How It Works & Why It Matters

This guide breaks down the accounting equation—Assets = Liabilities + Equity—and explains how it ensures balanced books, supports accurate financial statements, and underpins the double-entry system. Whether you're a business owner or finance student, understanding this equation is key to tracking your company’s financial health.

August 6, 2025

August 4, 2025

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7 min

Sample Chart of Accounts: A Complete Guide for Small Businesses

A chart of accounts organizes a business’s financial accounts into categories that simplify tracking, reporting, and managing finances effectively.

August 6, 2025

July 14, 2025

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14 min

What Is Effective Tax Rate? A Guide for Individuals and Businesses

The effective tax rate is the average percentage of income paid in taxes, providing a clearer picture of your overall tax burden than marginal rates.

August 6, 2025

July 15, 2025

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15 min

Filing Business Taxes for an LLC for the First Time

Step-by-step guide to filing LLC taxes, covering classifications, deadlines, and preparation tips.

August 6, 2025

August 4, 2025

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14 min

What Is a Good Profit Margin? A Practical Guide for Businesses

This blog breaks down what makes a good profit margin, how to calculate it, and ways to improve your business’s bottom line.

August 6, 2025

July 28, 2025

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12 min

How to Calculate Cash Flow: A Step-by-Step Guide

Learn how to calculate cash flow and its types to improve your business’s financial stability and growth. This step-by-step guide will help you understand and manage your cash flow effectively.

August 6, 2025

July 24, 2025

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6 min

Revenue vs Net Income: Key Differences Explained

A breakdown of how revenue and net income work, and why getting them right starts with better invoicing.

August 6, 2025

July 23, 2025

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12 min