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…
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How to Track Loan Expenses for the Paycheck Protection Program
Receiving your Paycheck Protection Program (PPP) loan doesn’t mean the hard work is over. For the loan to be forgiven, you must spend the funds on qualifying expenses within an eight-week period after the disbursement—and carefully track that spending. Providing detailed and specific information on how your PPP funds were spent will be vital to…
7 Best Church Accounting Software 2020
Churches must have strong accounting systems to provide detailed transaction information and reports to key stakeholders, such as donors and the board of directors. In addition, many churches can benefit from church management software that is often integrated with good accounting software. We looked at several options and narrowed it down to the seven best…
7 Best Real Estate Accounting Software 2020
Real estate business accounting software helps real estate agents, brokerage firms, landlords, and investors who buy, sell, or rent property keep track of their business finances. We evaluated industry-specific and general business programs on cost, features, and ease of use to find the top real estate accounting software options for you. : Best overall for…
5 Best Mileage Tracker Apps for Small Business 2020
A good mileage tracker app not only saves you time but also saves you money. They must be flexible no matter what type of driving you do, whether you work for a ridesharing service or you’re a real estate agent driving from one appointment to the next. We evaluated more than 20 mileage tracker apps…
Net Operating Loss (NOL): Definition and New Rules In the Wake of COVID-19
A net operating loss (NOL) occurs when a business’s tax deductions exceed income. Tax rules allow owners to use losses incurred in one year to reduce income in other years and boost their refund. The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) changed the way businesses treat NOLs, which should help owners with…
QuickBooks for Mac: Best Options for 2020
QuickBooks for Mac is QuickBooks Desktop accounting software specifically designed for business owners who use Mac computers. You can purchase QuickBooks for Mac for a one-time fee of $399.99 and use it to track all of your business finances. Mac users can also use QuickBooks Online versus QuickBooks Desktop. QuickBooks for Mac is packed with…
FreshBooks vs QuickBooks: Price, Features & Who’s Best in 2020
Deciding which accounting software to use for your business can be a bit overwhelming. FreshBooks has great invoicing and payment processing at a low cost. However, QuickBooks has an enormous network of independent accountants and bookkeepers certified by Intuit as QuickBooks ProAdvisors. In this article, we compare the pricing and features of FreshBooks vs QuickBooks….
39 Free QuickBooks Tutorials: Learn QuickBooks Fast
Welcome to the Fit Small Business free QuickBooks Online tutorials. Whether you are new to QuickBooks Online or could use a better understanding of the program, these tutorials are designed for you. Each QuickBooks tutorial provides an in-depth lesson complete with text, examples, and a comprehensive video demonstration. While there are many good accounting software…
Bill.com vs QuickBooks: Which is Best for You in 2020?
Bill.com is a popular choice for businesses looking to manage their accounts payable (A/P) and accounts receivable (A/R). When considering Bill.com vs QuickBooks, QuickBooks Online is a full-cycle accounting solution for those who need more than A/P and A/R management. When to Use Bill.com is a great solution for small businesses that have large volumes…
Days Payable Outstanding (DPO): Formula, Examples & Calculation
Days payable outstanding (DPO) measures the number of average days from when a company purchases inventory and materials until the supplier is paid. The DPO calculation divides average accounts payable by annual cost of goods sold times 365 days. A higher DPO indicates that the company is taking longer to pay its suppliers. Accounting software…
Inventory Aging Report and How to Calculate: The Ultimate Guide
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….