We looked at many ecommerce accounting software products and narrowed it down to the top seven. To evaluate the best accounting software for ecommerce businesses, we consider each product’s integration with ecommerce websites as well as its ability to accept online payments and connect to bank accounts are just a few of the criteria used…
General Bookkeeping & Accounting
Once you have your accounting software up and running it's time to learn the basics of accounting and bookkeeping. In addition to making tax time much easier, proper accounting and bookkeeping will give you the insight you need to keep your business running smoothly.
Having nightmares about tax season? Taking a few steps to get organized ahead of April 15th, can save you days of work and stress. Here's what you need to know to be a business tax champ.
Accounting software should be the centerpiece of any business' accounting and bookkeeping department. Today's cloud based software is affordable, and with the right training, easy enough for any small business owner to navigate. Get started with the most popular option, Quickbooks, by taking the below course right now.
Software & Services
All Accounting Articles
Fanurio is a time tracking and billing software that offers tools for expenses and project tracking. Licenses range from $59-$119 (one-time fee).
An inventory aging report is a list of the items on hand grouped by the length of time in inventory. It’s used to identify slow moving inventory plus the additional costs to store and maintain these products until they are sold. If you use accounting software, you’ve got a few options for creating the report….
The inventory turnover ratio is an efficiency ratio that measures how quickly inventory is turned into sales. A high inventory turnover is generally positive and means a company has good inventory control while a low ratio typically indicates the opposite. There are exceptions to this rule that we also cover in this article. If you…
The accounts receivable turnover ratio measures how effectively a business can collect payment from customers they have extended credit to. The ratio shows how effective their credit policy and procedures are and how streamlined their accounts receivable process is. This article shows you how to calculate your A/R turnover ratio and what it means. What…
Inventory accounting is valuing and tracking fluctuations in inventory assets. The three primary inventory costing methods are average cost, last-in, first-out (LIFO), and first-in, first-out (FIFO). Businesses using manual bookkeeping systems should use the average cost method. However, businesses with nonperishable products should use LIFO, while FIFO is right for businesses that carry perishable items….
We compared FreeAgent vs FreshBooks on cost, features included, customer support, and user reviews. FreeAgent is ideal for tight budgets and FreshBooks is ideal for freelancers. Most businesses will find FreeAgent’s flat monthly rate of $24 more affordable than some of the FreshBooks plans. However, FreshBooks has a more robust project tracking tool than FreeAgent….
Welcome to the Fit Small Business QuickBooks Online training course. In this lesson, we cover how to reconcile business credit card accounts in QuickBooks Online. You can follow along on your own QuickBooks Online account. If you don’t have one already, click here to sign up for a free 30-day trial and follow along below….
We evaluated pricing, features, and user reviews to compare QuickBooks Online vs. NetSuite. Both products go beyond accounting to include key performance indicators (KPIs) and budgeting and forecasting tools. If you’re looking for an accounting solution, choose QuickBooks Online. However, if you’re looking for a customer relationship management (CRM) tool or integrated solutions, choose NetSuite….
First-in, first-out (FIFO) and last-in, first-out (LIFO) are costing methods used to value ending inventory and the cost of goods sold. The differences between FIFO vs LIFO are simple. FIFO assumes the first items sold are the first ones added to inventory. With LIFO, the first items sold are the last items put into inventory….
QuickBooks Online (QBO) is an all-inclusive accounting solution for small businesses. You can track all income and expenses in QBO. Yooz is ideal for small businesses that are struggling to pay bills on time and need help streamlining accounts payable. When to Use QuickBooks Online QuickBooks Online is ideal for small businesses needing an accounting…
We compared Sage Intacct vs QuickBooks on price, features included, and customer reviews. QuickBooks Enterprise is ideal for businesses on a budget that have complicated inventory needs and require parent and subsidiary tracking and reporting. Sage Intacct is best for larger companies that need multiple approval levels and tracking by entity, department, and location. When…