If you’re in the market for accounting software, you might be feeling overwhelmed by all the options out there. While Xero and QuickBooks are wildly popular, they’re not the only options available. There are a number of alternative accounting software programs that can offer powerful features and a user-friendly interface. Wave Accounting is a free […]

But, you do need to prove that the carpal tunnel is a direct result of tasks you did as part of your job. This complete guide to carpal tunnel workers’ comp claims will help you better understand how this process works and what types of benefits you may be entitled to. An experienced workers’ compensation […]

A monitoring and tracking system, with receipts, should be used for the petty cash fund. Most businesses have a small amount of cash readily available to make certain purchases, this is commonly known as petty cash. The person using petty cash does not have to initiate a purchase order for which multiple approvals are required. […]

You can also use the formula to work out the safety zones of different company departments. It’s useful for evaluating the risk of the different services and products you sell. And it’s another indicator you can apply to new projects you’re considering. Take your learning and productivity to the next level with our Premium Templates. […]

It has a simple interface and easy-to-use features that make it perfect for freelancers and small businesses. It also integrates with a number of other software programs, making it an excellent choice for businesses that need to track their finances in multiple ways. FreshBooks is very easy to set up, and you can be up […]

The balance sheet shows assets, liabilities, and equity in a business as of a given date– the end of a given accounting period. The information on a balance sheet rolls over from period to period as the value of these accounts change over time. Duforcelf, a calendar year corporation, maintains a GAA for 1,000 calculators […]

This discount occurs before a company calculates the amount payable by the customer. Accounting standards do not require a separate treatment or https://quick-bookkeeping.net/ disclosure on the financial statements for this discount. It differs from a cash discount which companies offer to encourage early settlements. Some suppliers offer discounts of 1% or 2% from the sales […]

One of the easier cloud accounting interfaces to navigate, ZipBooks allows you to create records for contacts and items, send invoices, track time, projects, and tasks. With no trace of their branding on your invoices, Wave enables you to create the most engaging invoices and use the tool to run multiple businesses under one account […]

If your client returns $1000 of the products bought, you record Sales Returns and Allowances worth $1,000 as debit and credit $1000 as Accounts Receivable. Within equity, an example of a contra account is the treasury stock account; it is a deduction from equity, because it represents the amount paid by a corporation to buy […]

For example, if the situation was around investment, the benefits would include “return-on-investment (ROI)” as a parameter. Instead, if the situation was around implementing a new initiative, the benefits could include profit, market share, and customer satisfaction as some parameters. Let us look at some commonly seen decision frameworks and understand how they work. Multi-Criteria […]