Learn more about the benefits of accounting automation and how it can help your business all year round. Blockchain promises to provide additional transparency, efficiency, and security in financial transactions…

The third document is the balance sheet, where you display assets, liabilities, and owner’s equity. It tells you whether or not the business has enough assets to meet its financial…

This article explains what unearned revenue is for small business owners. We’ll also go into how to account for it so you can make the most informed decisions when managing…

Please note that some information might still be retained by your browser as it's required for the site to function. Designed for freelancers and small business owners, Debitoor invoicing software…

Invoices can be sent on a regular schedule, payments can be made through credit card, and overdue invoices can be tracked. One of the greatest choices is to reconcile your…

In simple terms, it’s what is left at the end of the day to reinvest into an organization’s mission. This ratio is often used by NPOs to measure how efficient…

Variances are calculated and reported at regular intervals to ensure the quick remedial actions against any unfavorable occurrence. Where, SQ is the standard quantity allowed, AQ is the actual quantity…

Here are two examples to reinforce the bank's use of debit and credit with regards to its customers' checking accounts. When it comes to optimizing accounts payable management, reconciling your…

All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly. Land equity is the difference between the land’s value and how much…

If you offer credit to customers at your small business, you have accounts receivable (AR). Aging of accounts receivable comes into play when a customer has a past due invoice.…