The right accounting software can simplify expense tracking, project management, and invoicing, helping your business thrive. Focus on user-friendly tools, seamless integration, expert support, and scalability to find the perfect fit for your needs. One of the best accounting software options for small contractors is Xero. Xero provides a comprehensive view of your cash flow, […]
Bookkeeping
Journal Entry for Credit Sales and Cash Sales
Explore the nuances of accounting for rebates, including recognition, journal entries, and their impact on financial statements. credit sales journal entry Credit sales involve a risk that the buyer might not eventually pay when the amount is due. This results in bad debts expense, which is estimated based on the creditworthiness of the buyer and […]
Bookkeeping, tax, & CFO services for startups & small businesses
Technical debt is incurred when you’re working very fast to develop a prototype or working model, and you’re not building everything perfectly. Accounting debt is a similar concept – startups can often ignore creating their accounting infrastructure to focus on their technology or customers. But eventually you’ll need to set up your accounting systems, and […]