Bookkeeping

9 Accounts Receivables Challenges And How To Solve Them

The majority of clients most likely operate on digital systems and thus, to stay in line with competition and customer needs, digitizing the process is a smart move. However, accounts receivable is only a small (if important) part of your organization’s Finance and Accounting process. Be it accounts payable, procurement, or record to report, MHC …

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Small Business Bookkeeping: A Beginners Guide

Additionally, opening business accounts will allow you to build and develop business credit, which is similar to but separate from your personal credit history and score. Your business credit score can get you lower rates on your insurance policies and increase your borrowing potential. But Dori Eversmann, owner of bookkeeping practice Chastain Partners, believes small-business …

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Difference between Cash Basis and Accrual Basis of Accounting

The downside is that it doesn’t reflect the actual cash flow of the business. This means your business might appear to be doing well even when your bank accounts are empty, and vice-versa. Accrual accounting without real-time expense tracking can cause devastating consequences. In this article, we’re going to be taking a look at the …

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How to Create Bank Rules to Save Time! in QuickBooks Online

Another function you may choose between steps 8 and 9 is Amount and Is Exactly. If you are creating a rule for a recurring monthly expense of $100.00, select Amount and Exactly, and key in “100.00” in the “Enter text” box. Bank rules allow you to categorize recurring transactions, whether the recurring transaction is the …

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