Category Archives: Bookkeeping

Content Comparison of the Top 5 10 Best Accounting Software for eBay Sellers Conclusion To Best accounting software for eBay business Best Accounting Software for Ebay Sellers in 2023 How do I keep track of sales on eBay for taxes? Is accounting software useful for eBay sellers and e-commerce businesses? Our top accounting software for […]

While outsourcing can lead to savings in the long run, unexpected costs can arise if the scope of work is not clearly defined. It’s important to discuss pricing structures upfront and consider all potential expenses to avoid surprises later. Companies often handle sensitive financial information that, if compromised, could depreciable business assets lead to severe […]

Most reputable accounting software allows you to scan or snap a picture of receipts and other documents using your phone and attach it to the transaction. Learn how to build, read, and use financial statements for your business so you can make more informed decisions. Accounting is like a powerful machine where you input raw […]

QuickBooks Enterprise is designed for large businesses or small enterprises and starts at $1,481/year or $142/month. You can add payroll, more users, and cloud hosting for additional fees. Not only is QuickBooks Online easier to use, but it offers additional support — for a fee. QuickBooks Online users can sign up for QuickBooks Live Bookkeeping […]

Content Total Gross Receipts Vs. Other Income What are the 10 generally accepted accounting principles? Prepaid expenses GAAP: What Are ‘Generally Accepted Accounting Principles’? The intention of this principle is to increase the transparency and reliability of financial statements. In the process of following the above principles, all units will in turn be objective. It […]

But using the income summary account was used to give a clear view of the company’s performance when there was only manual accounting. Usually, where the accounting is automated or done using software, this intermediate income summary account is not used, and the balances are directly transferred to the retained earnings account. The temporary accounts […]

So, why would you add these additional layers in the chart of account number? Additional account coding can make it easier to create financial statements. For example, in the preceding table, total cash can be determined by adding all accounts preceded with 10-10. What Are Payment Terms in Business Transactions? A Comprehensive Guide That part […]

Content What kinds of skills, training and experience do you need to have a successful career as a bookkeeper? Forensic Accountant Supercharge your skills with Premium Templates Be a part of the virtual network Bookkeeper vs accountant Steps 3 and 4 are just for those who are aiming to be a bookkeeping entrepreneur and build […]

You can set up Kashoo in 60 or so seconds, and the app immediately starts to categorize your expenses and learn your business spending habits. Like Zoho Books, Kashoo’s automation is its selling point—and unlike Zoho Books, it syncs with SurePayroll, one of our top payroll providers. But while FreshBooks doesn’t limit your invoices, it […]

If you see anything that may be amiss, you can even ask for feedback from other companies that they have previously done business with. For some industries, like transportation services, for example, an average days sales outstanding (DSO) of above 50 days is normal. If late payments are common in your line of work, it […]