
school
Education
Bachelors degree in English, UC Berkeley
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Expertise
SMB digital marketing, B2B growth strategies
Articles by Fiona Lee

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What is GAAP? Accounting principles and compliance
GAAP is the framework of accounting rules US companies follow to prepare financial statements, containing 10 core principles and compliance requirements.

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Statement balance vs. current balance explained
A statement balance is the amount owed when a billing cycle closes. A current balance is what you owe right now, including recent charges.

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Small business tax rates and brackets in 2026
C corporations pay a flat 21% federal rate. Pass-through entities like sole proprietorships, LLCs, and S corps are taxed at individual rates from 10% to 37%.

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What are liquid assets? Definition and examples
Liquid assets are cash or near-cash resources you can convert to cash quickly with minimal value loss, like bank balances, money market funds, and stocks.

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How to automate expense reporting in 5 steps
Automated expense reporting uses software to capture, categorize, and reconcile employee expenses, replacing manual spreadsheets and email chains.

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What are fixed costs? Definition, examples, and formula
Fixed costs are business expenses that stay constant regardless of production or sales volume, including rent, salaries, insurance, and equipment leases.