An invoicing system is among the indispensable tools that help businesses keep track of their finances. An invoice issued to a client is a conclusive document that acts as a
Single Entry vs Double Entry Bookkeeping: Which Is the Better Choice?
Accounting and bookkeeping processes allow business owners to keep track of every transaction they make, monitor the money that comes in and out during business operations, and evaluate their company’s
Smart Financial Wellness Habits to Improve Your Business Finances
When running a business, staying on top of your finances by maintaining a positive cash flow and financial stability allows you to keep your operations running smoothly. Consequently, if you
Importance of Automation in Customer Loyalty Programs – Infographics
Small businesses already use digital solutions for their operations. For example, many utilize an invoice maker app and online accounting and bookkeeping services to streamline processes and keep their finances organized. Ideally, entrepreneurs should
The Benefits of Up-to-date Accounting and Bookkeeping Records
For many entrepreneurs, record keeping and accounting are the backbones of a smooth business operation. These administrative tasks require recording source documents for business operations and financial transactions, which is
Types of Errors in Accounting and How to Prevent Them
The bookkeeping and accounting records play a vital role in helping you evaluate your small business’s financial health and performance and prepare for your taxes and other government compliance obligations.
Understanding the Common Invoicing Documents and When to Use Them
Creating invoices is among the administrative tasks that every business must do to ensure payments from their clients or customers. Invoices play a vital role in a business’s record-keeping and
How to Conduct a Mid-Year Accounting Review – Infographics
The middle of the year is an ideal period to conduct a check-up on a business’s finances. Activities that transpired in the past months can provide significant data about the
Accrual Accounting vs. Cash-Basis Accounting: What is the Difference? – Infographics
Accrual accounting and cash-basis accounting are the two most commonly used accounting methods by businesses. These accounting methods comprise certain rules and procedures that companies follow when reporting their finances.