Petty Cash Accounting and Management

by | Sep 4, 2023 | Bookkeeping

The custodian is tasked to overlook and safeguard the account by issuing cash, approving reimbursements, and recording the debits and credits to the account. If you’re a small business owner, it’s important to understand how petty cash can be used so you can account...

Attention Required! Cloudflare

by | Oct 28, 2022 | Bookkeeping

Charts and graphs on the dashboard tell you, for example, what your income is versus your spending, and how you’re doing with your budget. You may be able to set financial goals and gauge your progress at meeting them, as well as see live updates on your...

The Best Law Firm Accounting Software

by | Jun 28, 2022 | Bookkeeping

Content Xero Organize Your Books With Bookkeeping Services Law Ruler Brings Softphones Directly to Your CRM Compensation Reporting Bill easier, get paid faster & maximize law firm efficiency. (Some law firms try anyway, or worse yet, use an Excel spreadsheet to...

Period Costs: What Small Businesses Need to Know

by | Dec 30, 2021 | Bookkeeping

Content Defining Expenses to Allocate Considerations in Production Costs Calculations Why product cost is important for product managers Step 6: Do the COGS Calculation Work in process inventory This allows companies to calculate their gross profit margin on sales...

Hotel accounting challenges and solutions

by | Nov 15, 2021 | Bookkeeping

You can even get notified of your client’s feedback and comments and respond to them directly via the app. Based on how hotels are run and all the moving parts involved, there are certain factors that can make hospitality accounting difficult, if not impossible, for...