Danielle Bauter

BILL, formerly Bill.com, is an A/P and A/R software that focuses on processing vendor billings and sending customer invoices. Meanwhile, QuickBooks Bill Pay is deeply integrated into QuickBooks Online, a complete accounting software that can also process bills and vendor payments. Overall, I found that QuickBooks Bill Pay is the better fit for most small…

Depending on whether you are a business owner or employee looking to enhance your skills or an independent bookkeeper seeking a way to increase your credibility and client base, one may be the better option. Both certifications offer you the opportunity to enhance your knowledge of QuickBooks. : Best for internal bookkeepers wanting to demonstrate…

An outstanding check on a bank reconciliation is a check that has been written and recorded in your company’s books but has not yet cleared the bank. Essentially, the cash balance has been reduced, but the bank has not deducted the amount from your account balance. This discrepancy occurs because of the time gap between…

The best free invoice generators should be easy to use and provide plenty of invoice customization options, such as the ability to choose from different templates and upload your company logo. They should be able to track outstanding invoices and offer enhanced features to simplify the billing process, like the ability to create recurring invoices,…

We’ll cover how to calculate Accounts Receivable (A/R) Net Realizable Value (NRV), which is the estimated amount of cash a company expects to collect from its outstanding customer invoices after accounting for potential bad debts or uncollectible amounts. To get your A/R NRV, calculate the gross A/R and then subtract the Allowance for Doubtful Accounts…

Ramp offers a free suite of financial management tools that help businesses manage their expenses, invoices, and budgets. These tools are designed to be user-friendly and accessible to businesses of all sizes, with features like automated expense categorization, receipt capture, and approval workflows. This platform also provides a corporate charge card that offers cashback rewards…

We’ll break down everything you need to know about how to become a QuickBooks Certified User (QBCU), from deciding which of the two end-user certifications you want to obtain (you can also choose both) to taking the exam. We also go over their advantages, as becoming a QBCU can open doors to new career opportunities…

The TTM method is essential because it provides companies with detailed, recent financial data for internal audits, financial analysis, and corporate planning. It’s useful for evaluating revenue growth, margins, sales and expense trends, working capital management, key performance indicators (KPIs), and other financial metrics. Free TTM Income Statement Spreadsheet Our free TTM income statement spreadsheet…

Fixed asset impairment is a reduction in the value of a long-term fixed asset (like property, plant, or equipment) when its book value exceeds its recoverable amount. This reflects a decrease in the asset’s future economic benefits. Impairment can happen due to various reasons, such as physical damage, economic downturns, obsolescence, and changes in business…

You need accounting software if you’d like to avoid time-consuming report generation and manual data entry, improve organization, stay compliant, have a scalable accounting solution, and benefit from mobile access, among other things. The decision of whether your company needs accounting software hinges on several factors, including business size, complexity, financial acumen, and time constraints….

It is used to record small expenses paid with cash, such as office supplies, small repairs, courier fees, and small gifts for clients or customers. By implementing a petty cash voucher system, you can effectively track expenses, enhance financial control, and simplify the accounting process. Important Items on a Petty Cash Voucher A petty cash…

The report is essentially a list of the items on hand, grouped by the length of time in inventory. It helps with Identifying slow-moving and nonmoving products: The report highlights products that are either slow to move or not moving out of inventory. It helps you determine why certain products sit in inventory longer than…