Transactions will appear in your bookkeeping automatically, and you’ll say goodbye to manual receipt entry. We built our payroll tool for small business owners, so it’s easy to use AND teaches you as you go. Read more
If you have qualified dependents, you may be eligible for certain credits and deductions. You’ll notice that the old-school paper receipts that clutter file folders and shoeboxes — those “cash register tape receipts” — don’t Read more
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
To simplify bookkeeping, she created owners draw vs salary lots of easy-to-use Excel bookkeeping templates. Identify duplicate entries, missing payments, outliers, and unauthorized transactions in real-time, safeguarding against financial fraud. AI-powered data extraction ensures accuracy 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
