Category: Bookkeeping

Some business owners will even start mentioning the possibility of sending the amount to collections at this point. You’ll notice this sample company — Craig’s Design and Landscaping Services — has amounts due from several customers. Learn all you need to know about the accounts receivable aging report, why it is important, and how to…

If your ITIN has expired—which can happen if it hasn’t been used on a tax return in the past three years—you’ll have to renew it. ITINs can also sometimes be used for other purposes, like applying for a credit card https://www.adprun.net/ or opening a bank account. And in some states, ITINs can be used to…

At its core, the general ledger is a collection of ledger accounts, each representing a specific aspect of the company’s finances. These accounts can be compared to individual chapters in a financial storybook, where each chapter focuses on a particular asset, liability, equity, revenue, or expense. Another common mistake in general ledger accounting is the…

It’s important to monitor your accounts receivable (A/R) aging report to stay on top of any outstanding invoices and follow up if necessary. Your outstanding A/R will also provide information on cash you should receive in the near future. It’s also important for attorneys to forecast when settlements will be finalized and when they expect…

Look, QuickBooks is the industry juggernaut that it is because of its reputation as a reliable, secure and widely recognized solution. If you need accounting tools but don’t know where to start (or can’t afford to pay for them yet), Wave is likely your best choice. Wave Accounting, on the other hand, is actually free…

QuickBooks Mac Plus is set up in a similar way to QuickBooks Pro or Premier but is easy to use, much like QuickBooks Online, offering users the best of both worlds. QuickBooks Mac Plus is not available for purchase directly through the QuickBooks website. Instead, you will need to contact QuickBooks Sales by phone or…