Now maximise your chances of getting paid on time by chasing at the best times. Chiefly, chasing frequency depends on your payment terms and when you issue the invoice. This is more typical of larger companies with multiple departments, as…

There are other QuickBooks Online charges in addition to the monthly subscription fee. We’ve got you covered with a breakdown of the four QuickBooks Online (QBO) plans. Learn how to know which plan is right for you and what additional…

With the right accounting approach, businesses can optimize financial management and pave the way for reduced costs, sustained growth, and achievement. In conclusion, selecting the proper accounting method is imperative for businesses, as it serves a fundamental function that can…

There’s a lot of hidden costs invested in a product by the time you sell it. When you know how to read your financial statements, you can find want to shorten the learning curve try ‘overlearning’ ways to increase your…

When deciding between the two,  you should consider your What is bookkeeping nonprofit’s financial and reporting needs and what it’s better equipped for. Below are 3 online resources for understanding GAAP for nonprofits and how to ensure your organization is…

If necessary, customers can request a copy of their deposit including the deposit slip to show the itemized amounts that made up the total deposit. In sum, deposit slips are needed by the bank to have a proof of your…

It’s important to note that FreshBooks is the most competitively priced software solution we found. While QuickBooks Online is only 50 cents more than Xero, note that that is the introductory cost for the first three months. QuickBooks Online goes…

The previous PP&E is the value of the property, plant, and equipment listed on a company’s financial statements. Previous means using the value for the accounting period prior to the one you want to find the total CapEx for. For…

All you need is a simple statement showing your current cash position, expected upcoming cash receipts, and expected cash payments for this period. Next, If you have any past due invoices, there is no better time to send them a…

That means the company has paid its average AP balance 2.29 times during the period of time measured. That all depends on the amount of time measured, along with current AP turnover ratio benchmarks and trends over time in the…