What Are The Uses Of The Journal In Bookkeeping And Accounting?
Understanding who buys gift cards, why, and when can beimportant in business planning. As you can see, there is one ledger account for Cash and anotherfor Common Stock. Cash is labeled account number 101 because it isan asset account type. The date of January 3, 2019, is in the farleft column, and a description of […]
What Is QuickBooks? A Guide to QuickBooks Features & Pricing
QuickBooks’ ability to streamline financial processes and save time is one of its most significant advantages. Automating tasks like invoicing, expense tracking, and payroll management frees up valuable resources that can be directed towards core business activities. This time efficiency translates into increased productivity and a more focused approach to achieving business goals. With QuickBooks, […]
Gusto Review: Features, Pros & Cons
While the initial setup can be time-intensive, depending on the number of employees, once all the information is recorded, the software’s automations take over and help streamline the process. After that point, you’ll simply need to input employee hours weekly or biweekly and Gusto will run payroll. We tested Gusto’s Simple plan features using the […]
True Program Costs: Program Budget and Allocation Template and Resource
If that is the goal, it’s worthwhile to make sure that the program and cost definitions match the setup of your accounting system. Any accounting software can be used to maintain program-based financials, but they each have their own structure and terminology. One benefit of structuring accounting this way is that you can control your […]
Guide to Understanding Accounts Receivable Days A R Days
If ARD is consistently high, you might forecast the need for short-term financing or adjust your credit policy to improve cash flow predictability. This improves your business’s liquidity and shows good management of money owed. But, a longer A/R days number might mean problems with managing credit. Did you know that companies using AR automation […]