by Billy | Mar 18, 2025 | Bookkeeping
It simplifies your workflow normal balance with faster invoicing, better tracking, and automated payment reminders, making it beneficial even for small businesses. When customers buy on credit, you need a system to track and collect these payments to keep your...
by Billy | Mar 18, 2025 | Bookkeeping
It simplifies your workflow normal balance with faster invoicing, better tracking, and automated payment reminders, making it beneficial even for small businesses. When customers buy on credit, you need a system to track and collect these payments to keep your...
by Billy | Jun 8, 2024 | Bookkeeping
Hire a bookkeeper if you need help with your general ledger or tracking your financials.When searching for an accountant, you’ll want one who specializes in small business accounting. You’ve had that Eureka moment and founded a small business to realize...
by Billy | Sep 21, 2021 | Bookkeeping
If a customer returns a product, you debit sales returns and allowances and credit accounts receivable. Keeping these adjustments separate prevents errors and ensures transparency. A liability recorded as a debit balance is used to decrease the balance of a liability....
by Billy | Jul 21, 2021 | Bookkeeping
Break-even is the point at which revenue and total costs are the same, meaning the business is making neither a profit nor a loss. The break-even level of output informs a business of how many products it needs to sell to reach the break-even point (BEP). Using...
