xendoo

MARCH 4, 2022

Many ecommerce owners understand the importance of making sales, but do you know how to record ecommerce sales for your accounting system? No matter if you sell products online through Amazon, Shopify, BigCommerce, Walmart, or Etsy, you’ll need an accounting system to manage finances.

Sales 105

Sales bookkeeping Account accountant 105

LyfeAccounting

OCTOBER 28, 2020

In this post, I’m going to simplify the accounting basics for small business owners. By the end of this post, you will know the what, why, and how of accounting. What is Accounting? Like really, what does accounting mean? The Accounting Process for Small Business. With that said, let’s begin.

accounting basics 52

accounting basics CPA Account accountant 52

Accounting Seed

NOVEMBER 23, 2022

Transactions recorded in AR add to your sales revenue but not to your cash flow statement. Managing Accounts Receivable Manually If your accounting system is on a cash basis, AR isn’t an issue. If you use accrual accounting, you record transactions as soon as you earn the money.

Account 52

Account accountant accounted accrual accounting 52

Snyder

SEPTEMBER 20, 2022

Financial statements provide a snapshot of a company’s financial health. They give a broad overview of a business and serve as an indication of its intercompany financial management, profitability, solvency, and liquidity. However, these indicators are only good when you reconcile the accounts properly.

general ledger 98

general ledger Account accountant accounted 98

Snyder

JANUARY 3, 2023

More so even than owners of large companies since they can’t usually delegate all that work to business accounting professionals simply due to the costs. That’s why understanding the essential principles and terms in accounting is so important for them. You can think of it as the general financial administration of your business.

accounting basics 52

accounting basics basic accounting bookkeeping Account 52

Ryan Lazanis

NOVEMBER 9, 2022

What is Accounting Automation? Will Automated Accounting Replace You? 8 Benefits of Automated Accounting. How to Automate your Accounting in 15 Key Areas. What is Accounting Automation? It’s like the App Store on your iPhone, only for accounting process automation software. Let’s get started.

Technology 98

Technology Account accountant accounted 98