Viktoriya Sus is an academic writer specializing mainly in economics and business from Ukraine. She holds a Master’s degree in International Business from Lviv National University and has more than 6 years of experience writing for different clients. Viktoriya is passionate about researching the latest trends in economics and business. However, she also loves to …

Kimball Junction’s new mixed-use master plan could cost Summit County $39 million Read More »

The best online bookkeeping services depend on the exact needs of your business. If you have fallen behind on your books and want to get caught up, Bench might be the best option for you. If you’re using QuickBooks Online, QuickBooks Live can match you with a ProAdvisor to help you manage your books. If …

9 Best Online Bookkeeping Services in 2024 Read More »

A check is a unique bank note that serves as the customer’s payment’s representation of cash. When paying with cash, it’s a good practice to have a receipt as confirmation of payment. When purchasing goods from a store or an online retailer, receipts are typically automatically issued. Generally, source documents should be kept as long …

Source Documents Purpose & Examples What is a Source Document in Accounting? Video & Lesson Transcript Read More »

Zoho Books also lets free-version users add multiple bank and credit card accounts and import bank and credit card statements to easily track expenses and income. One of the biggest perks is the ability to integrate with Zoho’s other products, like Zoho Inventory, Zoho SalesIQ and Zoho CRM. The lowest-priced plan starts at $10 per …

8 Best Free Accounting Software for Small Business Read More »

The amount is reported in the current period as an adjusting entry to accurately record all revenues. Unlike accrued revenue, deferred revenue is considered a liability because the company has a legal obligation to provide the service or product in the future. Accrued revenue is recorded in the financial statements by way of an adjusting …

What Are Accrued Assets? with picture Read More »

Alternatively, you can take advantage of a dedicated bookkeeping software solution to manage your bookkeeping more easily. Although it’s sometimes challenging, you can significantly simplify The Significance of Construction Bookkeeping for Streamlining Projects bookkeeping by hiring a bookkeeper or accountant to handle it for you. You can avoid this by backing up all your records …

Construction Bookkeeping For Contractors Read More »

Similarly, you can create a client database and track overdue client payments to keep on top of who owes you what. This plan is designed for freelancers who file a Schedule C IRS form to report their income as sole proprietor. Identify which of your current QuickBooks Online clients are right for Advanced and how …

QuickBooks Accountant Desktop Accounting Software Intuit Read More »

If you need to make adjustments for more than one period, then you must use a separate adjustment general rules for debits and credits transaction for each period. Make sure that the adjustments are correct by selecting the appropriate reports when finished. This article also explains how to use a liability adjustment to correct an …

How to Adjust Payroll Liabilities in QuickBooks Explained Scott M Aber, CPA PC Read More »

See the big picture of any business decision with this Influence Diagram Template. You’ll define the decision you have to make and brainstorm everything that could impact it. When you build connections between these factors, you’ll be able to put the right amount of weight into each one as you make your decision. Visually map …

Decision Tree template Read More »

Ask potential providers about their data privacy and security policies and any certifications or audits they may have undergone to demonstrate their commitment to safeguarding your financial information. Despite the myriad benefits of outsourcing your AP processes, it may not be the best choice for you. You may have hesitations about working with a third-party, …

The Pros and Cons of Outsourcing Accounts Payable: An In-Depth Analysis Read More »