Accounting Software Articles

Managerial accounting is used for internal purposes, while financial accounting provides financial information based on accounting standards.

Double-entry accounting can help track your finances and keep your books in balance. Learn how your business can utilize this financial technique.

A personal investor can bring more money and mentorship to your business. Learn how to find personal investors for your small business in three steps.

One of the most used features on QuickBooks Online is the invoice tool. We'll show you how to create an invoice, make recurring invoices, send reminders, and more.

A common method customers use to pay is with a check, but you run the risk of receiving an NSF check. Here are five things you do after accepting an NSF check.

Non-recourse factoring is when the factoring company accepts responsibility for any non-payment. Here are the pros and cons of non-recourse factoring.

A cash flow projection estimates the amount of cash that is expected to flow in and out of the business. Learn how to create a cash flow projection in seven steps.

Debt factoring may be a viable temporary solution if your business is having some cash flow problems. Here's how to find a reliable debt factoring company.

Having good business credit is a must-have if you're planning to lease office space or take out a loan. Learn how you can build credit for your business.

Cash against documents financing is used for international transactions to protect the buyer and seller. Here are three best practices when using CAD financing.

QuickBooks Online's accounts receivable feature is packed with advanced tools that you may not need. We cover Sage Business Cloud Accounting as an alternative.

Degree of operating leverage (DOL) is a ratio used to determine how a change in sales will affect your profitability. Follow the steps to calculate your business's DOL.

Assets are tangible or intangible things your business owns, like furniture or patents. Here we outline the different types of assets and how to record them.

QuickBooks Online's inventory management feature is limited; you might need more advanced functionality. We cover AccountingEdge Pro as an alternative.

QuickBooks Online accounts payable feature is limited, and you might need something with more flexibility. We cover Sage 50cloud Accounting as an alternative.

QuickBooks Online offers great reports, but it is expensive for small business owners. Here are four reasons why you should consider other reporting options.

When it comes to invoicing customers, automated billing can save you a ton of hours. Here are some tips to set up an effective automated billing system.

Spot factoring lets you contract with a factoring company on an as-needed basis to finance your invoices. Here we discuss the pros and cons of spot factoring.

Owner's equity is the amount a stakeholder has left if all the assets of the business were sold today. Learn how to calculate owner's equity (plus examples).

Before calculating prime costs, you need to determine your direct material, direct labor, and manufacturing overhead costs. Here's how to calculate prime costs.

If your business is generating a profit, you should be considering what to do with those earnings. Here are eight smart ways to reinvest your business profits.

A remittance advice document is proof of payment that a company sends to suppliers that the invoice has been paid. Here are six must-have things to include in it.

Reversing entries neutralize journal entries from the previous accounting period. Here’s why you should use reversing entries in your accounting (plus examples).

A subledger provides details for the general ledger account and makes it easy to pay your bills and collect money owed. Here's how to manage your subledger properly.

The salvage value is the value of the asset after it has been depreciated over its life. Learn how to calculate and record depreciation with salvage value.