Category: <span>Bookkeeping</span>

With the help of efficient tools, you can track payments, send reminders, and streamline your invoicing process. Automated systems or templates can help in managing invoices save time and maintain accurate records. An invoice number is a unique identifier assigned to an invoice that helps businesses keep track of their financial transactions. Invoice numbers have...

Start by identifying key roles and responsibilities that need to be met as your company plans its expansion. A small business needs to aim for growth but throwing yourself into it without proper planning will only propel you toward failure. Your next steps will affect everyone, so don’t overrule or ignore the ideas of others....

Calculating the Net Realizable Value (NRV) is crucial for accurate financial reporting and inventory assessment. NRV, defined as the estimated selling price minus the sum of the cost of completion and any costs necessary to make the sale, can be efficiently computed using the right tools. These examples show how NRV helps businesses determine the...

Wave has new competition in Sunrise, which is also free and based on double-entry accounting. Its user interface is pleasant, and its navigation tools are excellent. Sunrise handles income and expense management very well and its dashboard is better than others. Two unusual features are its transaction timeline and “rulesets” for sales taxes that simplify...