Should You Use QuickBooks Desktop or QuickBooks Online?

Should You Use QuickBooks Desktop or QuickBooks Online?

Content What is the cutoff time for scheduling transfers and Bill Pay payments? What Is Bookkeeping? A Small-Business Owner’s Guide QuickBooks Versions & Features QuickBooks Online Review, Pricing & Features Managing transactions Bills & Expenses Tracking The enhanced service automatically fills federal and state tax forms. Companies that offer sick leaves and health insurance attract new employees and give job satisfaction to current employees. However, tracking and managing the attractiveness[...]

Invoice Financing For Small And Medium Businesses

Invoice Financing For Small And Medium Businesses

Content How can invoice financing help plug the cash flow gap of a business? Easier to Qualify for than a Loan Pros and cons of factoring things to consider when choosing a bank for your small business Low Cost if Payment from Customers Received on Time Ease of application Here’s an example of how invoice financing works: What does invoice finance mean? A business’s collateral includes its previous invoices, so[...]

Wave Accounting Review: Features & Pricing in 2023

Wave Accounting Review: Features & Pricing in 2023

Content Wave Wave At A Glance Worst Payment Processor Ever Working With Contact Records and Product Records User Friendliness ‘ User Satisfaction Rating of 87% when considering 1304 user reviews from 4 recognized software review sites. I have zero background in financial matters, and with Wave that’s totally fine. They do have some nice features, but overall, it’s more of a self-employed or very small business type of program. The[...]

Clearing Accounts

Clearing Accounts

Content How Clearing Accounts Come Under the Balance Sheet? What is a Suspense Account? Don’t have a My Oracle Support account? Click to get started! To Learn How to Handle Purchases Clearing Accounts in Sage 100, View the On-Demand Webinar. Difference between a clearing account and a checking account They can help you update the Accounting preferences and correct your payrolls. However, you have an option to apply these changes to[...]

How Much Does Bookkeeping Cost?

How Much Does Bookkeeping Cost?

Content Cost of outsourcing accounting services per project Trends & Reports What is the importance of cost accounting? How Much Does A Bookkeeper Cost For A Small Business? Average Cost Of Outsourced Bookkeeping Services Outsourced Bookkeeping Services Did you know that 40% of business owners said that bookkeeping and taxes are the worst part of owning a business? With this in mind, it’s no wonder that outsourcing bookkeeping has become[...]

Contra Account Definition, Example List of Top 4 Types

Contra Account Definition, Example List of Top 4 Types

Content Liability Contra Account Contra Account: A Complete Guide [+ Examples] Reasons to Show Contra Accounts on the Balance Sheet Project Pages Accrued Expense Definition Accrued Liabilities Rebuttable presumption of enforceability should be retained as a characteristic of the binding arrangement. Components of consideration are not a suitable categorization unit of account for purposes of the categorization methodology. Expense Recognition MethodologyThe anchor for an expense transaction should be identified as[...]