As an ecommerce entrepreneur, you need accounting software that has built-in automation tools, saving you hours of data entry time. In addition, accounting software for ecommerce should allow you to track and report on taxes, inventory, revenue, and fees. While many accounting software applications will work to track most of the information you need, there…
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How to Convert QuickBooks Desktop to Online in 8 Steps
If you’d like anywhere-access to your QuickBooks software, it’s time to switch to QuickBooks Online. The good news is converting from QuickBooks Desktop to Online is easy, and you shouldn’t lose any of your past data. If you get stuck, you can contact QuickBooks support for free. This guide will help you convert from QuickBooks…
QuickBooks Pro vs Premier vs Enterprise vs Accountant 2020
The wide range of QuickBooks products helps make it the most popular accounting software among small businesses. There are four QuickBooks Desktop products: QuickBooks Pro, QuickBooks Premier, QuickBooks Enterprise, and QuickBooks Accountant. This QuickBooks Desktop comparison guide compares the cost, features, and support options to determine which QuickBooks Desktop program is right for you. We…
5 Best Restaurant Accounting Software Options 2020
The accounting software you choose for your restaurant should allow you to track revenue easily, as well as the three largest expenses for any restaurant: food, labor, and overhead. You should be able to track your business transactions in detail, so you can customize reports to tell you exactly what you need to know. Based…
4 Best Trucking Accounting Software 2020
The best accounting software for trucking businesses should make it easy to manage loads, expenses, and receivables. Equally important, the software must provide the ability to run detailed reports for billing customers, paying drivers, and filing International Fuel Tax Agreement (IFTA) reports. Keeping accurate and detailed information on mileage and trips is important―whether you’re an…
What Is Accounts Receivable? Definition & Examples
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…
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…
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…
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…