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What Is QuickBooks Accountant

Quickbooks Accountant was developed by Intuit to facilitate an efficient and highly advantageous accounting experience. This was designed and introduced to the public with the sole intention of equipping accountants with the most favorable tools for... Read more

Wave Accounting Review

The program for professional bookkeepers and accountants Wave Accounting was launched in 2009 in Canada. The package of software provides a set of financial and other online services for small and medium businesses. Wave accounting is absolutely free... Read more

How to create a cash flow statement

One of the most important indicators of any company's performance is a cash flow statement. It includes the flow of financial resources to the organization, i.e., the sources of funding for its activities and their allocation for internal and externa... Read more

What is a line of credit in accounting?

A line of credit is a type of bank loan that has a number of specific features. In this case, the bank (lender) sets only limits on the maximum amount and the deadline for repayment of the loan. The client (borrower) determines the need for credit re... Read more

Accounts Receivable Process in Bookkeeping

Accounts receivable is the amount of debt owed to the company from legal entities or individuals as a result of economic relations with them. Usually, debts are generated from sales on credit.Objects of civil rights include money and securities, othe... Read more

What is accounts receivable?

Accounts receivable — everything that other companies, the government, or individual clients owe to the company. Accounts receivable, for example, appear when a company sold a product but did not receive the money. Then, the buyer's debt for the prod... Read more

What are Accounts Payable?

Everyone loves money, but if you really like to keep track of your money, pay bills and balance your checkbook, then an Accounts Payable will help to achieve this. Accounts Payable DefinitionWhat are accounts payable? According to the accou... Read more

Accounts payable process in bookkeeping

Managing accounts payable is one of the main tasks of modern business. The effectiveness of such management depends not only on the success of the company but also its existence in general. In this article, we will review the basic rules of debt mana... Read more

What is a Petty Cash and How to Handle It?

When we speak about petty cash, we mean a small amount of money that is used in order to cover some expenses that are most expected. In different offices and organizations, petty cash may have a different numeric value. It depends mostly on the size... Read more