Accounting Software for Small Businesses

by | Jul 3, 2024 | Bookkeeping

Deposit times may vary due to processing cutoff times, third party delays, or risk reviews. Set up recurring invoices and automatic credit card payments for your repeat customers and stop chasing payments. Switch between automatic and manual billing whenever you want....

Net Realizable Value NRV: Definition & Calculation

by | Dec 13, 2022 | Bookkeeping

At the close of spring, they find themselves with an excess inventory of winter coats originally valued at $200,000. Current trends and customer preferences dictate a heavy discount to offload these coats, setting the expected selling price at $150,000. Adding to...

The 5 Best Bookkeeping Services for Small Business

by | Sep 11, 2020 | Bookkeeping

We executed fundamental accounting tasks without any actual labor on our end, and that’s invaluable for huge businesses operating at a massive scale. Oracle NetSuite hits the marks for even the most complex organizations. Finally, Xero offers more than 1,000...

Contra Account Definition + Journal Entry Examples

by | Jul 28, 2020 | Bookkeeping

If you use double-entry accounting, you also record the amount of money customers owe you. The allowance account reduces the net accounts receivable on the balance sheet, providing a more realistic view of the company’s assets. Adjusting entries at year-end update the...

Accounting Pricing & Bookkeeping Packages

by | Jul 10, 2020 | Bookkeeping

But if you’re still committed to hourly pricing, placing time frames on the payment of invoices is the bare minimum. CPA-licensed accountants charge on average between $200 – $400 per hour in the US. A $200 per hour difference doesn’t tell you all that much...