Prices for QuickBooks Live Bookkeeping scale with the monthly expenses of your business, which means higher costs for businesses with higher expenses. We break down the prices in our QuickBooks Live Bookkeeping review’s pricing section. Xero is more affordable and scalable than QuickBooks since all subscriptions have unlimited users. If you have a microbusiness and …
QuickBooks vs Xero 2023: Which Software Is Better for You? Read More »
So, ABC Company will initially book the full $180,000 as a debit to prepaid insurance, an asset on the balance sheet, and a credit to cash. Also, Each month, you would make an adjusting entry to expense $15,000 (1/12 of the prepaid amount) to the income statement through a credit to prepaid insurance and a debit …
Insurance Journal Entry for Different Types of Insurance Read More »
It represents the time it takes for a business to convert its investments in inventory and other resources into cash through sales and accounts receivable collection. This cycle is a crucial measure of a company’s financial efficiency and liquidity. To put it simply, the operating cycle measures how quickly a company can turn its resources …
Whenever a client pays an invoice, you must allocate the payment to the incurred costs of a matter first. However, if a firm fails to separate revenue that covers incurred costs from actual revenue, their records will be off. Bookkeeper360 integrates with third-party tools, such as Bill, Gusto, Stripe, Shopify, Xero, Brex, Square, Divvy and …
Firm Finances: Bookkeeping, Accounting, and KPIs 2024 Read More »
Everything points to outsourcing your accounting when you want to keep costs low. According to the Houston Chronicle, reduce the time and resources you spend on non-revenue producing functions, and you can put your focus more on those functions that do generate profits. Among all the benefits of outsourced accounting, the most attractive advantage is …
TDefinitive Guide to Outsourced Accounting TOA Global Read More »
There are some easy-to-use accounting software that don’t require prior bookkeeping experience. However, to get the most out of accounting software, we recommend that you work closely with your accountant. QuickBooks is by far the most popular and best small business accounting software in the US. However, there are some less expensive alternatives to QuickBooks …
7 Best Small Business Accounting Software in 2024 Read More »
If you are in the market for accounting services for your nonprofit organization, you may be looking for one guide that will lay out your options for you. As nonprofit CPAs, we know many other accountants in our area and people often ask us for our opinion on the best nonprofit accountants for various needs. …
In this blog post, we will dive deep into the world of columnar pads and explore the various ways in which they can be utilized to effectively manage your financial data. Write your list of headers across the top of each column on the pad. Usually this includes date, description, account number, debit, and credit. …