Category: Bookkeeping

If you receive paper checks and cash payments, deposit them weekly to keep your cash flow healthy and your records up to date. If the client uses a separate payroll processing company, they complete these reports. These are some of the quarterly accounting tasks to house banking scandal complete so your clients meet regulatory requirements…

You have created and sent your invoice, and now the payment is in your Undeposited Funds account. As always, you should remember that transactions in QuickBooks should mirror life – so now it’s time to deposit those payments into an account in QuickBooks. If you haven’t already, put invoice payments and sales receipts you want…

Yocale can help you spend more time working at your massage table and less time working at your front desk. Click4Time is another useful tool to help automate your client scheduling process. This business software was designed for massage therapists, acupuncturist, chiropractors, counsellors and other service providers in the health & wellness industry. Manage your…

Thus instead of determining the costs of a product, Kohler determined the costs of an activity. On the left side of this account Staubus recorded the costs of the inputs of the activity. These inputs are the outputs from previous activities within the company and / or outputs from another entity (for instance an outside…

Both of these aspects of your business are crucial for financial management and decision-making. Today, we’ll go over the differences between bookkeeping and accounting so that you can figure out how to allocate resources effectively. QuickBooks Online is one of the most popular accounting software options around. If you hire an accountant or bookkeeper in…

Embracing these changes will ensure streamlined and efficient back-office functions. Analysts, managers, business owners, and accountants use this information to determine what their products should cost. In cost accounting, money is cast as an economic factor in production, whereas in financial accounting, money is considered to be a measure of a company’s economic performance. Equipped…