Accounts receivable (A/R) are created when a business provides goods or services to a customer who agrees to pay for them at a later time. The A/R amount typically is shown on the balance sheet as a current asset and is used as part of accrual basis accounting. Any business that uses A/R will need…
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How to Set Up Customers in QuickBooks Online
In this QuickBooks Online Tutorial, we’ll explain how to set up customers in QuickBooks Online. We will show you how to add customers in QuickBooks manually and how to import customer data from an Excel or comma-separated values (CSV) file. We’re excited to help you learn QuickBooks Online, our best overall pick for small business…
QuickBooks Online Comparison: Which Version Is Right for You?
QuickBooks Online offers five versions: Self-Employed, Simple Start, Essentials, Plus, and Advanced. Pricing varies between $15 and $150 per month. Based on our QuickBooks Online comparison, your ideal plan depends on the number of users you need and whether your business requires features like accounts payable (A/P), inventory, or advanced reporting. We rated QuickBooks Online…
5 Best Law Firm Accounting Software Options in 2020
Law firms require unique accounting software that does more than general bookkeeping. Law firm bookkeeping software also must handle client trust accounts (CTAs), including interest on lawyers’ trust accounts (IOLTAs). In addition, time and expenses need to be meticulously tracked by client and matter to bill the client accurately. We reviewed numerous accounting software options…
Best Small Business Accounting Software 2020
The best small business accounting software fits within your budget, is easy to use, and allows you to track both income and expenses. The accounting software you choose should also include the ability to produce detailed financial statements and other reports to give you insight into the financial health of your business. In this article,…
FreshBooks vs Wave
FreshBooks and Wave are both great choices for small business accounting software, depending on your needs. If you need to schedule bills and perform cash forecasting, Wave is the better choice for you. However, if you need project costing, FreshBooks is the best option. While Wave is free and includes accounts payable (A/P) features, which…
5 Best Multi-company Accounting Software
Multi-company accounting software can be necessary to track multiple companies or entities that comprise your business and possibly to consolidate those entities into a single set of financial statements. Independent bookkeepers can also benefit from multi-company software by serving numerous clients while paying only one license fee. Regardless of why you want accounting software for…
Best 8 Time Tracking Software for Small Businesses 2020
The best time tracking software for your business will depend on whether you are looking to ensure accurate payroll for hourly employees to assign accurate labor costs to jobs or both. We’ve narrowed down your choices to eight great software options that also come with quality time tracking apps. : Best overall time tracking software…
5 Best Easy-to-Use Accounting Software
Easy-to-use accounting software is a must for any new business. Even the simplest of accounting software will usually save you hours by providing an easy way to classify income and expenses, issue invoices, pay bills, and track your cash balance. We’ve reviewed numerous simple accounting software and narrowed it down to five for you to…
7 Best Farm Accounting Software 2020
We look at a mix of online and desktop software created specifically for farming and ranching, as well as the top general accounting packages to find the best software for your farm. While QuickBooks is often an excellent choice for farmers and ranchers, there are other farm-specific accounting software that deserve serious consideration. : Best…
6 Best Accounting Software for Freelancers 2020
The best freelance accounting software should include expense tracking and documentation, business mileage tracking, and invoicing. Some freelancers might also need their accounting software to track sales tax collections and inventory. We looked at numerous accounting software products and narrowed it down to six from which you can choose. Top Accounting Software for Freelancers 2020…
6 Best Construction Accounting Software for 2020
Construction accounting software for general contractors and subcontractors is offered with a wide range of features. Some contractors only need basic bookkeeping software that will calculate profit and loss by job. Others want accounting software that is just one component of full-blown enterprise resource planning (ERP) software. We selected a range of software to fit…