Category Archives: Bookkeeping

Make sure your program has training videos or written instructions so you can learn how to use it while you expand your eCommerce business. The safety of your private data is our top priority, that’s why it’s protected by 256-bit SSL encryption—the gold standard in Internet security. The FreshBooks billing system is cloud-based and uses […]

A cash flow projection, part of your business plan, shows how money flows in and out over time. The first step in creating this budget involves categorizing costs into fixed and variable categories. Creating an accurate financial forecast can be difficult even if the business is not currently running independently. There might be no historical numbers […]

Many e-commerce business owners find it difficult to find accountants and bookkeepers with experience in e-commerce—and they’re intimidated by DIY accounting, using accounting software, or terms like the cost of goods sold. As well, investors and lenders will want to see more than just money in the bank, such as strong sales metrics. The choice […]

Milk cartons with the soonest expiration dates are the first ones sold; cartons with later expiration dates are sold after the older ones. This process ensures that older products are sold before they perish or become lifo and fifo obsolete, thereby avoiding lost profit. We collaborate with business-to-business vendors, connecting them with potential buyers. Choosing […]

Another way to get valuable bookkeeping experience and on-the-job training is through an internship. You can then learn how to use multiple accounting software programs and work tools on the job. Internships can also provide ways for you to get your foot in the door with a specific organization. Accounting is the umbrella term for […]

EOQ assumes that none of your products were sold to you at a discounted rate. Or, if they were, it needs you to always get that quantity discount. And generally, the longer stock goes unsold, the more expensive it gets. Costs per order include any expenses related to purchasing and receiving new inventory. To fully […]

With the advent of new technologies and legal accounting software, it’s time for lawyers to move beyond boxes of receipts and spreadsheets for managing firm finances. It’s actually really simple, employ a legal specific accounting solution that not only provides access to a wide range of legal accounts out of the box, it enforces correct […]

Outsourcing bookkeeping costs can vary depending on several factors, including the size and complexity of your business, the specific services required, and the geographic location of the outsourcing provider. For smaller businesses, the costs of purchasing a license for advanced accounting or bookkeeping software, with powerful analytics tools, can be too expensive. The above reasons […]

Outsourcing accounts payable data means sharing sensitive information such as BPO and bookkeeping details with third-party teams. This could create a potential gap in your business rules and data security systems. While it is easy to supervise an in-house AP team, the same cannot be said for third-party service providers. First, analyze your accounting operations […]

The best bookkeeping, organizational, and financial tools for your small business clients’ needs and budgets. When selecting CAS software, prioritize options that seamlessly integrate with your preferred tools to maximize the benefits of interconnected workflows and streamlined processes. Therefore, understanding your firm’s structure will help you choose software tailored to your requirements. But keep in […]