This allows you to streamline your accounts receivable processing by immediately matching invoices with payments without signing into a contract or paying monthly fees. Aside from that, it also gives you choices on payment for transactions. The endlessly growing sub account balances on the credit card sub accounts, with the zero balance to the main […]
Category Archives: Bookkeeping
HR, Payroll & Timekeeping Solutions
20/09/2022 – 08:26
When you hire a new worker, you can invite them to self-onboard through the employee portal, so you’ll easily gather their W-4 or W-9 form and contact information, and they can sign up for relevant benefits. Based on our market research and the categories listed above, we also ranked additional criteria from customer reviews such […]
ACH Transfers: What They Are, How They Work and How Much They Cost
26/08/2022 – 06:10
The enhanced application security and entitlements offered through CitiDirect ACH enables organizations to control access to transaction details with customized User Groups. Citi’s ACH Control Total Verification feature provides an alternative method of entering File Control Totals for ACH Origination. Using this feature, users can submit approved transaction totals which will be used to verify […]
What are the 4 Factors of Production? Land, Labor, Capital, and Entrepreneurship
18/08/2022 – 06:56
Once man changes it from its original condition, it becomes a capital good. For example, crude oil is a natural resource, but gasoline is a capital good. Farmland is a natural resource, but a shopping center is a capital good. The Austrian school of economic thought is perhaps the most capital-intensive school, suggesting that the […]
Law Firm Accounting Software
27/05/2022 – 08:04
Content Partner Showcase: CRMIT Solutions Track and Bill Time with New LawPay Pro Best for Large Firms With Complex Needs Split Origination Reporting Built-in adaptive mapping rules can correct payee names and learn a chart of accounts. You can even post matter-cost-related transactions while importing to prevent missed expense entries. A trust accounting system performs […]
QuickBooks Online VS Desktop Comparison 2024
20/05/2022 – 13:34
However, if you own a big business, prefer locally stored software, or want industry-specific reports, QuickBooks Desktop could be a better fit for your business. Different software packages include licenses for 1 to 10 users, up to 20 users, up to 30 users, and up to 40 users. This website is using a security service […]
Understanding a Check and Balancing a Checkbook
02/03/2022 – 10:32
Taking time to balance your checkbook could help you avoid financial headaches caused by fraud. You simply write down transactions as they happen, adding or subtracting the appropriate amount from your balance. At the end of the month, you compare the ledger with your account statement to balance your checkbook. You may prefer online and […]
Return on Equity ROE Calculation and What It Means
12/11/2021 – 11:40
Since every industry has different levels of investors and income, ROE can’t be used to compare companies outside of their industries very effectively. In this case, preferred dividends are not included in the calculation because these profits are not available to common stockholders. Corporate capital allocation decisions unrelated to core operations (e.g. preferred dividends, share […]
Operating Lease: How It Works and Differs From a Finance Lease
01/11/2021 – 04:12
This works well with companies who want to get the benefit of purchasing equipment but don’t want the negative impact on cash flow. In summary, capital leases effectively act as a financed asset purchase while operating leases are true rentals. Understanding the differences is key for proper accounting treatment and financial reporting under ASC 842. However, […]
Handbook: Debt and equity financing
21/09/2021 – 10:44
Content Examples of Deferred Financing Costs in a sentence Amortization of Deferred Financial Costs Using Effective Interest Rate Method Complex instruments, complex literature Contents Handbook: Debt and equity financing While the accounting for deferred loan fees and costs has been around since 1986, we have seen some questions arise in the past couple years that […]
