In other industries, you’re allowed to keep clients’ prepayments in your operating account and use the money to fund client projects and pay the rent. The assistance can be welcomed in any form; be it Read more…
Learn more about each of these transactions by taking a look at our compound journal entry examples below. If you use double-entry bookkeeping, you will more than likely need to create both simple and compound Read more…
Commercial invoices are customs documents used when a person or business is exporting goods internationally. The information included in commercial invoices is used to calculate tariffs. It’s important to remember that 30 days is not Read more…
But for smaller firms or companies with fewer receivables, it’s important to consider how much these tools could potentially improve AR workflows compared to the cost of the software. Xledger is a cloud-based accounting and Read more…
If you’re a startup burning cash, you’ll need to pay attention to your burn rate. If significant capital investments are anticipated, retaining earnings to cover these costs can be more advantageous than external financing. Businesses Read more…
QuickBooks Online topped our list for its scalability, training resources, and mobile app. But micro-businesses may find their needs more affordably met by Xero, and self-employed individuals will appreciate the ability to categorize personal and Read more…
Additional paid-in capital or capital surplus represents the amount shareholders have invested in excess of the common or preferred stock accounts, which are based on par value rather than market price. Shareholder equity is not Read more…
By assessing these criteria, I identify software that meets standard requirements while offering additional value through innovative features, usability, and support. After thorough research and testing, I about us provide my final selection guide. Each Read more…
Bench is proud to offer bookkeeping services to businesses across the United States. We are here to help you streamline your accounting needs efficiently and effectively. Once we have everything set up, we’ll complete a Read more…
