Nowadays, business owners mainly know about the financial reports that they receive on the monthly basis. But there are many types of management reports available in the market which will help the business owners to earn more profit and get better business results. Both financial reports and management reports are used to record numbers. Successful …
Financial Reports Vs Management Reports (Find Importance) Read More »
The owners of small companies often search for capitalization policies for their business. The term capitalization indicates how a small business accounts for the purchase of materials that are needed to run the business smoothly. There are certain rules and regulations about when to capitalize on places, persons, and things for increasing the success rate …
Capitalization in Small Businesses for Earning Rate Valuations Read More »
If you are starting a new business and want to select either Cash basis accounting or Accrual basis accounting, then it might be difficult and confusing for you to select one of them. Both Cash basis accounting and Accrual basis accounting have their own benefits which will bring success to your company. You have to …
Cash Basis and Accrual Basis Accounting: Which One is Best for Your Business? Read More »
If you want to increase the profitability of your business in the fastest way possible, then you have to analyze the total contribution margin at the break-even point of your business properly. The contribution margin is a management accounting calculation. When you analyze your contribution margin properly, you would be able to understand the contribution …
Total Contribution Margin At The Break-Even Point Read More »
If want to run a nonprofit organization by configuring it with QuickBooks Online then you need to make few changes to the QuickBooks Online reports, and forms. This will make sure that your QuickBooks Online account is fully configured with the nonprofit organization, and ready to manage its finance. In this article, we will show …
How To Set Up or Customize QuickBooks Online for Nonprofits Read More »
Many business owners think that both income statements and balance sheets record the same data about his/her business. But both of them have different sets of variables. Both income statements and balance sheets give us a complete overview of the financial status of a company but in different ways. An expert financial manager will always …
Difference Between Income Statement and Balance Sheet Read More »
If you are working as a treasurer of a non-profit organization, then you have to be aware of your duties and the role you would play for the success of the organization. The role of a non-profit treasurer is a challenging job and the duties of a non-profit treasurer play a vital role in the …
Guide for Becoming A Good Non-profit Organization Treasurer Read More »
If you want to print a cheque with proper alignment, you must make sure that the printer settings are accurate. If you don’t align your cheques properly in QuickBooks, then your effort to create an accurate cheque will get wasted. It is quite easy to align the cheques and print them accurately. In this article, we will …
How To Align Your Cheques In QuickBooks Online (Easy Steps) Read More »
If you want to unlock profitability for your business and want to increase the potential of your business, then you must know about Contribution Margin and Gross Profit Margin. These concepts are a bit tricky for all business owners. Today in this article we will guide you to completely know about Contribution Margin and Gross …
Contribution Margin And Gross Profit Margin And How To Calculate Break Even Read More »
Effectively managing the finances within your small business stabilizes your company and makes the potential for success greater than the potential for failure. Even the business with the best ideas, best products, the best time in place, etc., need effectively managed money to be sustainable. Arguably the first step in responsibly managing your business’s money …
QuickBooks accounting software is one of the best accounting software as it offers a 30-day free trial offer to each and every user. If you are new to the accounting field and you want to use QuickBooks accounting software for your business without paying or registering to the software, then this is the best accounting …
In QuickBooks accounting software, the chart of accounts is a crucial part. You must create a chart of accounts for your business and should keep it optimized for your better understanding. You must use your chart of accounts as a strategic tool to manage your business in a proper way. The structure of the chart of …
A Complete Guide For Optimizing Chart Of Accounts In QuickBooks Read More »
If you want to run a successful business, then Leadership quality is one of the most crucial factors that affect your business’ growth and its success rate. There are many leadership styles and qualities that you can learn and acquire to grow your business rapidly. You have to choose a leadership style that best suits …
Which Leadership Style Is The Most Effective For Business? Read More »
Nowadays outsourced accounting services are the most commonly used for bookkeeping, accounting, and controller services in order to meet the needs of small businesses. Previously such services and benefits were mainly enjoyed by the medium size and enterprise companies, but nowadays the benefits are also enjoyed by small businesses. The outsourced accounting services supervise and …
Outsourced Accounting Service: Pros, Cons & Overview Read More »
A financial crisis can hit anyone any time of the day. It may be a sudden medical need, a special occasion, or simply running short of money in the middle of the month. Having to arrange finances in an emergency can be a highly stressful situation. In such cases, a licensed moneylender can be extremely helpful. …
4 Reasons To Take A Loan From Legitimate Money Lenders Read More »
NSF check stands for Non-Sufficient Fund check. In QuickBooks accounting software, sometimes you might receive an NSF check or Bounced check from the customers. If you don’t record or handle these checks properly, then your account will not be balanced and will not be well documented. You must record these NSF or bounced checks in order …
Guide For Handling NSF Or Bounced Check From Customers In QuickBooks Read More »
Different studies revealed the fact that 82% business fails due to the cash flow crisis. A cash flow crisis occurs when the amount of money going out of the business is more than the amount of money that comes into the business. During a cash flow crisis, the business owners don’t have enough money for …
How To Survive A Cash Flow Crisis As A Small Business Read More »
The idea behind running a business has always been profit maximization because entrepreneurs want to make money. Unfortunately, it doesn’t come that easy. When running a company, you have to look at different facets of the business. From curating a marketing plan to recruiting a talented workforce – you have to stay on top of …
How To Manage A Company’s Financial Resources Effectively Read More »
Sometimes customers make an overpayment for an invoice in QuickBooks accounting software. In such situations you have to unapply a credit memo in QuickBooks. The overpayment made by the customer can be easily adjusted by simply unapplying a credit memo in QuickBooks accounting software. When a customer makes an overpayment, QuickBooks automatically applies the credit …
How to Unapply A Credit Memo in QuickBooks (A Complete Guide) Read More »
If you want to use QuickBooks accounting software for Non-profit organizations such as Church, then you must clearly know the accounting requirements for managing a Church in QuickBooks accounting software. First, you have to set up your QuickBooks account in such a manner so that you can handle the functioning of a church in QuickBooks …
How to Set Up QuickBooks for a Church (Proper Setup) Read More »