Bookkeeping

By comprehending the definition, recognizing the importance, and understanding the purposes of the operating cycle, businesses can make informed financial decisions and work towards optimizing this critical aspect of their […]

Watch your pharmacy business grow faster than ever with advanced bookkeeping tools from FreshBooks. FreshBooks offers simple cloud-based accounting software to help pharmacy accounting your pharmacy business grow smarter and faster. It

You can run basic reports, like profit and loss, balance sheets, and statements of cash flows. You can also run more advanced reports, such as A/P and A/R aging reports

For 1099-NEC, which replaces Form 1099-MISC for reporting nonemployee compensation, the deadline is also January 31. If you are filing tax forms electronically, the deadline is March 31. It’s important

With this interconnectivity, accounting software for trucking companies can gather essential data, improving the accuracy of financial records. PCS supports multiple third-party integration partners irs still working on last year’s

FIFO, or First In, First Out, is a method of inventory valuation that businesses use to calculate the cost of goods sold. But regardless of whether your inventory costs are

Often this occurs many months after the credit sale was made and is done with an entry that debits Bad Debts Expense and credits Accounts Receivable. As mentioned above, the

By tagging every transaction with information from the job cost structure, contractors are able to see a whole new dimension to their costs. They can look at how much each

It is described as “contra” because having a credit balance in an asset account is contrary to the normal or expected debit balance. (A debit balance in a contra asset

While cash flow from operations should usually be positive, cash flow from investing can be negative, as it shows that a business is actively investing in its long-term health and