Category Archives: Bookkeeping

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 […]

Business accounting software can help you efficiently track your expenses and expenditures, as well as generate your income statement and balance sheet. This software is used at every skill level—and there are even training programs to learn how to better utilize the applications. Food costs are a good place to start when it comes to […]

Using email templates can save staff time, reduce costs, improve customer service and experience, and reduce errors. To calculate average days delinquent, calculate DSO and best possible days outstanding (BPDSO), which represents the most ideal timeline that a company can expect to collect payments. Day sales outstanding (DSO) is the average number of days it […]

It can be defined as the total number of dollars that a company would have left if it liquidated all of its assets and paid off all of its liabilities. Regardless of how the accounting equation is represented, it is important to remember that the equation must always balance. Below, we present a high-level overview […]

On the balance sheet, the assets section is ordered on the basis of how quickly each item can be liquidated. Hence, “Cash and Cash Equivalents” is the first line item listed on the current assets section. To record the cash register overage the business needs to enter the cash over of 14 as part of […]

Content Choose where to register your company ADMINISTRATION SERVICES The Difference Between a CPA and an Accountant Accounting Business FAQs Job Openings Our accountants are trained in the most popular accounting software. By Industry Their companies merged in 1989 to form Ernst & Young, long after the two had passed away. Both men opened their […]

Without any hiccups or last-minute scrambles, you’ll be able to enter tax season confidently. Double-entry bookkeeping is the practice of recording transactions in at least two accounts, as a debit or credit. When following this method of bookkeeping, the amounts of debits recorded must match the amounts of credits recorded. This more advanced process is […]

They offer integrations to global marketplaces, drop-ship solutions, retail media advertising, web store amplification, fulfillment services, and managed services. EBay Seller Hub is a one-stop platform for sellers to streamline their business. It offers easy-to-use tools for listing creation, order management, sales insights, competitive analysis, and marketing. You’ll have your Profit and Loss Statement, Balance […]

Feel free to follow us on Twitter, comment, question, contact us at [email protected] and ENJOY. There are also other expenses in the Wave environment depending on the functionality you need. For instance, while accounting and invoicing is free, there are transaction fees for online payments accepted through Wave. Credit card processing starts at 1.4% plus […]