When embarking on a relocation journey, ensuring scratch prevention should be a top priority for any homeowner. The hustle and bustle of transporting belongings can often lead to unintentional harm to walls, floors, and furniture. By taking proactive measures, one can achieve effective damage control and maintain the integrity of their living space. This article…

Other popular merchant processors don’t require this, making collecting payments more difficult. QuickBooks Online made it to our Best Accounting Software for Small Business list because it is a comprehensive platform that checks all the boxes for accounting, invoicing and expense tracking. If you aren’t sure about the product, you can give it a 30-day…

Xero doesn’t provide a phone number on its customer support page, but a representative will call you if necessary. This is a serious drawback if you want to be able to pick up is goodwill considered a form of capital asset the phone and talk through an issue or are new to accounting software and…

To maintain a healthy cash flow, monitor outstanding receivables and follow up on overdue payments. Implement a well-defined collection process to handle late or missing payments and minimize the risk of bad debts. Regularly review and update your invoicing and collection procedures to ensure maximum efficiency. Recent Startup Accounting Blog Posts This accessibility is crucial…

Cash takes up a large portion of the balance sheet, but cash is actually not considered an asset because it is expected that cash will be spent soon after it comes into the business. Stockholders’ equity is important for a company because it demonstrates the amount of money that would be available to either pay…

While they’re most definitely both considered part of the asset category, current assets and plant assets don’t share all that much in common. We hope you’ll know the bookkeeping difference between plant assets and other non-current assets and the accounting treatment. This method implies charging the depreciation expense of an asset to a fraction in…

The Advanced plan starts at $499 for the first months, then increases to $799 per month. The Complete plan starts off at $799 for the first month, then goes up to $1,099 per month after that. Features, such as timecards, can be synced automatically while working remotely so that nothing slips through the cracks. Stay…

Having a small business doesn’t always mean you are working with small numbers. If you are managing multiple accounts, you need a bookkeeping solution that helps you keep things in order. Build in late payment fees to make sure you’re paid what you’re owed. Wow clients with sleek estimates and invoices that show what is…

This observation tells us that accounting statements are important in investment and credit decisions, but they are not the sole source of information for making investment and credit decisions. The accounting equation states that total assets is equal to total liabilities plus capital. This lesson presented the basic accounting equation and how david raissipour senior…

Sales reps also have different salaries, and accounting needs to pay close attention to the customer’s financial position. GAAP provides best practice accounting standards for all industries in the United States. It also helps contractors decide whether to recognize book revenue at a particular time (such as CCM) or over some time (such as PCM).…