Category Bookkeeping

Managerial Accounting vs Financial Accounting

To some extent, small businesses need to present financial statements for applying for loans and credit cards. However, managerial accounting can be used for day-to-day accounting since managers and small business owners may need to access reports for decision-making. The…

What Is a Total Period Cost? Chron com

Content How to Calculate Period Cost Definition of Period Cost Accounting for Managers Period Expenses FAQs But, such a definition can be misconstrued given that some expenditures (like the cost of acquiring land and buildings) will be of benefit for…

How to Run a Successful Coffee Shop Business

When it comes to understanding the coffee shop industry, most reports online present broad, generalized statistics. We’ve gathered real, verified data from 3,300 coffee shops across the US, providing a detailed look into key industry statistics like size, turnover, profitability…

How to reconcile an account in QuickBooks Online

Account reconciliation in the desktop version of QuickBooks follows a slightly different process. This enables the system to automatically download and categorize your transactions, making it easier to keep your books, reconcile your accounts, and ensure accurate cash flow tracking. The…

Automated accounting: advantages and examples

Content Improved data access. Improve compliance across key business processes Essential areas of business that needs accounting automation Common technologies used to automate accounting tasks General accounting and reporting Key qualities to look for in accounting software Accounts Payable How…