We encourage you to research and compare multiple accounting software products — both free and paid options — before choosing one. There’s also a mobile app that allows you to send invoices through iMessage or add widgets to your iPhone’s home screen so that you can easily access overdue invoices. The standard version is a […]

In addition, it allows you to easily capture data by uploading pictures of your receipts, promoting accurate, automated expense reporting. Akaunting is a small business and freelancer accounting software that is free, open-source, and available online. Akaunting offers all the tools to handle your money online, from invoicing to expenditure monitoring to accounting. From there, […]

QuickBooks Payroll is designed to support small and midsize businesses across various industries, such as accounting, hospitality, construction, and trucking. It combines payroll and HR management into one platform, helping businesses stay compliant with state and federal regulations while saving time and resources. By merging payroll with HR services, QuickBooks Payroll improves efficiency, reduces errors, […]

As an all-in-one accounting and project management solution, there’s no need for you to use multiple software solutions to manage the various aspects of your construction business. Specialized accounting software is available to help construction contractors manage their business finances and the various projects that they may be involved in. Most of these solutions include […]

Input your data and get instant results for informed financial decision-making. Break-even analysis is an integral financial exercise for businesses, yet its complexity makes it a challenging endeavor to master. Mistakes often occur during break-even analysis so it’s vital that businesses be aware of potential problems before taking steps to prevent further errors. Use payback […]

In accounting, unearned revenue has its own account, which can be found on the business’s balance sheet. Funds in an unearned revenue unearned revenues are amounts received in advance from customers for future products or services. account are classified as a current liability, in other words, a debt owed by a business to a customer. An example […]

In this example, the table includes columns for the customer’s name, the invoice amount, the payment terms (indicating when the payment is due), and the due date for each customer’s invoice. These components represent accounts receivable, which are the outstanding amounts owed to a company by its customers for goods or services provided on credit. […]

We can automate your bookkeeping processes, freeing up considerable time for your team. Our expert accounting team can also help you navigate complex tasks such as fund accounting and functional expense reporting, ensuring your books are always audit-ready. You might wonder why it’s referred to as a Statement of Financial Position instead of a Balance […]

For example, granting organizations may require the funds provided to be dedicated toward a specific service or purpose. Your nonprofit statement of activities is split into several different sections. Meanwhile, horizontally, it’s split into your organization’s unrestricted and restricted revenue. The only difference between these terms is that “income statement” is more commonly used by […]

For more information about our construction accounting services, please fill out the contact form below. There are some times that we’ll request documents from you (like account statements or receipts), just to ensure the information we have is correct. If you need to share files with your bookkeeping team, it’s as simple as uploading a […]