Calculated by dividing accounts payable by cost of goods sold per day, which is cost of goods sold divided by 365. When businesses have poor AR Days management, it often…

Calculated by dividing accounts payable by cost of goods sold per day, which is cost of goods sold divided by 365. When businesses have poor AR Days management, it often…

Xero offers pricing plans to suit businesses of different sizes and stages. In addition, Xero accounting and bookkeeping partners can offer bare-bones plans for businesses that need only the basics.…

These ratings are meant to provide clarity in the decision-making process, but what’s best for your business will depend on its size, growth trajectory and which features you need most.…

Using our internal case study, we compared QuickBooks Desktop Pro against its top competitors, QuickBooks Online and Xero. Using a structured scoring rubric, we evaluated the three programs across 12…

Outsourcing accounting services allows your company to access expert assistance for time-consuming operations and processes. This cost-effective method reduces your overhead costs of hiring additional full-time accounting staff. Outsourcing your…

Account numbers can be appended with three- or four-digit indicators to include added data to signify divisions, parts, products, etc. These are created depending on business composition (large, small, complex,…

Permanent restrictions are uncommon for smaller churches, but they happen often enough in large churches. These are contributions where the member outlays a large principle amount that cannot be used,…

We need to know of our Liabilities, how much is the delivery van loan, how much is the mortgage. The Accounting Equation helps us do that by giving us a…

In short, it provides information to interested parties about how much revenue was turned into profit through the company's normal and ongoing business activities. This is because the grants are…