Category: Bookkeeping

Outsourcing is a multifaceted business strategy, and companies often engage in various types depending on their specific needs and objectives. Outsourcing’s potential for further savings is one of the main reasons it is a...

Hiring contractors can help you handle a wide range of challenges while controlling costs. Outsourcing can help companies discover new markets or help business owners focus on what they do best. Before outsourcing a business...

Whether you use QuickBooks Payments or another payment gateway, be sure to take the credit card fees into account. Platinum or Diamond may be the way to go if you need advanced inventory and pricing. If you need more users than...

Another benefit is that QuickBooks Online is better for small businesses, as you’re able to scale with your growing company. QuickBooks Online’s accounting software has a looser setup structure, allowing you to enter...

In cases where the customer refuses all contact and payment, a business may choose to sell the debt to a collections agency as a last resort. To begin the ordering and Accounts Receivable process, a customer will place an order...

Sometimes, QuickBooks Online will suggest entering a transaction as a transfer, which posts it to an uncategorized asset account. This way of entering data is incorrect, and you can’t recategorize transfers that were meant to be...

From there, users can choose the specific account for which they want to undo the reconciliation. They then identify and unmark the transactions that need to be unreconciled, ensuring that any changes made are in line with the...

Ideally, a company’s cash from operating income should routinely exceed its net income, because a positive cash flow speaks to a company’s ability to remain solvent and grow its operations. An adjustment to net income that is...

These are the company’s core business activities, such as manufacturing, distributing, marketing, and selling a product or service. Operating activities will generally provide the majority of a company’s cash flow and...

If the features these accounting software tools provide meet your specific business needs, then we recommend trialing the software to make sure it’s the right fit for you. Formerly Big Red Rock, Irish-based Big Red Cloud moved...

This is commonly used by investors because it gives a more accurate picture of a company’s true profitability. The most crucial aspect of earnings per share comprehension is knowing how to do the calculation. In this...

Basic EPS and diluted EPS are used to measure the profitability of a company. The amount earned by each share of common stock is represented as basic earnings per share in the company income statement. The higher the...