Kategori: Bookkeeping

A bad debt happens when someone owes you money, but there is no way for you to collect it. It becomes worthless because you’ll never recoup that money. For example, a customer buys a $700 item from your store using store credit. But after repeatedly invoicing the customer with no response, their debt becomes bad.…

We research and recommend products and services suitable for various business types, investing thousands of hours each year in this process. Managerial accounting is important for implementing strategies to optimize growth and profitability for a company. The data produced through managerial accounting is never used for external purposes. However, it’s handy to compare it to…

POS stands for Point of Sale, and it’s a common label on bank statements that shows you bought something physically at a store. Business professionals can easily get insight into the revenue amount collected. A purchase is the acquisition of products or services in exchange for payment. Payment is normally made in cash or by…

Some firms offer tiered pricing, packaging services into different levels based on your business’s size and complexity. A tiered structure lets you select a package that aligns with your current needs and upgrade as your business grows, providing flexibility and scalability. This accounting firm pricing guide offers a deeper look at tiered pricing for professional…