Ever feel like your accounting software is speaking a different language? That's probably your Chart of Accounts at work.

Whether you're just moving past the spreadsheet phase or looking to upgrade from your current system, choosing the right accounting software is a critical step in taking your business seriously.

Understanding what actually counts as a business expense is key for keeping your books accurate, as well as for making the most of your tax deductions and avoiding surprises during tax season.

When you hear the word "profit," you might assume it means the money your business has on hand. But in accounting terms, profit refers to the amount left over after you deduct qualified expenses from your business's income.