A petty cash fund is a small amount of money, usually under $500, used to cover incidentals. Petty cash accounting involves establishing a petty cash policy, setting up a petty cash log, creating journal entries, and reconciling the petty cash account. Accounting can be done manually or made easier with bookkeeping software and employee expense…
Petty Cash Log, Form & Voucher [+ Free Templates]
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Petty cash is a convenient way to cover small expenses but without the proper documentation, a company’s petty cash program can be abused or mismanaged. Managing petty cash means providing a petty cash form for each use and recording every transaction in a petty cash log. Using our free petty cash templates will make this…
Top 23 QuickBooks Shortcuts & Tips from The Pros
QuickBooks is a useful accounting software for small and medium-sized enterprises. Though it’s generally an easy program to use, there are many things you may not be aware of that can help increase your productivity and decrease the amount of time you spend in the software. We spoke with the experts who shared different ideas,…
How to Manage Accounts Payable
Accounts payable (A/P) is the money you owe vendors who have provided you with goods and/or services on credit. It’s important to stay on top of your bills because, if you don’t, it could lead to cash flow issues and penalties for late payments, and it could even affect your ability to order products and…
7 Best QuickBooks Alternatives 2018 [Free & Paid]
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The best QuickBooks alternatives have all the core bookkeeping capabilities that small businesses need but are often easier to use and more affordable. Whether you’re looking to switch from Quickbooks, looking for your business’s first accounting software, or looking for a free QuickBooks alternative, you’ll find a full review of the right accounting software here….
5 Best Free Accounting Software 2018
While free accounting software that meets all of the needs of a small business is difficult to find, we’ve compared over a dozen solid options and have narrowed it down to the five best. We evaluated price, features and other criteria. Wave stands above the rest because it includes the most features, free of charge….
How to Become a QuickBooks ProAdvisor in 3 Steps
A QuickBooks ProAdvisor is someone familiar with the QuickBooks product line who has joined the QuickBooks ProAdvisor program and passed a certification exam. There are four primary certifications: QuickBooks Pro/Premier, QuickBooks Online, QuickBooks POS and QuickBooks Enterprise Solutions. Becoming a QuickBooks ProAdvisor is completely free as are all the study materials and exams from QuickBooks….
QuickBooks for Mac: Best Options in 2018
Whether you currently use QuickBooks for Mac or you’re looking for an accounting software for your Mac, you should be aware that QuickBooks for Mac is being discontinued. The most recent version of QuickBooks for Mac is 2016, which Intuit will support through May 31, 2019. QuickBooks Online comes in three versions; Simple Start, Essentials…
How to Get Bookkeeping Clients in 4 Steps [+ Free Marketing Ideas]
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Learn how to get bookkeeping clients quickly by first identifying your target audience, then implementing marketing ideas to reach your potential clients, followed by joining a few networking groups and finishing off by offering additional services like payroll or tax prep to your existing clients. You can typically get started with all of these steps…
How to Start a Bookkeeping Business in 8 Steps
A bookkeeping business consists of managing income and expenses, processing payroll and preparing tax returns for business clients. Creating a business plan and learning how to get clients are a couple examples of what you need to do to get up and running. See how easy it is to start a bookkeeping business in eight…
How to Write a Collection Letter [+ Free Templates]
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Writing a collection letter requires you to follow the right step-by-step process and include the right language to give your customer official notice that a debt is owed and past due. You will typically send a total of four letters before hiring a collection agency or recording a bad debt expense. If you’re struggling to…
QuickBooks Online Comparison: Simple Start vs Essentials vs Plus
There are three QuickBooks Online versions: Simple Start, Essentials and Plus. The primary differences between each version are their price and features, like the ability to pay bills online. QuickBooks Online requires a monthly fee of $20 for Simple Start, $35 for Essentials, and $60 for Plus. The right one depends on your own personal…
