Danielle Bauter

Perpetual inventory systems record transactions—like inventory purchases, sales, returns, and adjustments—as they occur. This is unlike periodic inventory systems, which depend on physical inventory counts and end-of-period adjustments Perpetual inventory systems also provide up-to-date inventory data at any given moment and enhance accuracy, making it a useful tool for manufacturers, retailers, and ecommerce businesses. How…

Rigbooks is a cloud-based trucking management system (TMS) that helps you manage and track orders, trips, expenses, and fuel mileage, as well as send invoices and prepare International Fuel Tax Agreement (IFTA) taxes. Its main features include detailed load tracking, fleet maintenance, billing and invoicing, and document management. Rigbooks’ Basic Entry plan starts at $19…

Supplies on hand are classified as current assets on the balance sheet because they are expected to be used up or converted into cash within one operating cycle or one year, whichever is longer. Since supplies are consumed in day-to-day business operations, supplies on hand are considered current assets. These can range from office supplies in…

With a periodic inventory system, the determination of inventory levels and calculation of the cost of goods sold (COGS) for a business takes place at regular intervals, as opposed to being a continuous process. A periodic inventory system relies on physical counts of inventory, which are carried out periodically (e.g., monthly, quarterly, or annually), instead…

Property, plant, and equipment (PP&E) refers to a company’s long-term tangible assets that are used in its operations to generate income. These assets are expected to last for more than one accounting period, typically for a year or more, and are essential for the business to function. Understanding a company’s investment in PP&E can be…

Brainy Advisors, an online bookkeeping service led by CPAs with Big Four and Fortune 500 international bank experience, offers a competitive bookkeeping solution tailored for modern businesses. In addition to its bookkeeping services that include categorizing transactions, reconciling bank accounts, and providing you with monthly financial reports, Brainy Advisors will also serve as a liaison…

Merritt Bookkeeping provides professional remote bookkeeping services to small businesses located anywhere in the US. It’s best for those looking for affordable bookkeeping services without any tax or consulting services. It keeps its price very low by focusing only on bookkeeping essentials: recording transactions, reconciling accounting, and providing financial information. With its flat-rate pricing of…

Collection letters, emails, and phone calls should all work together in a strategic way to maximize the chances of recovering a debt. Collection calls—which come after an initial email that acts as a gentle reminder and provides a paper trail—allow for a more personal touch and a chance to gather information on why the payment…

Two common but distinct liabilities that businesses encounter are notes payable and accounts payable. Both involve amounts owed, and the main differences between notes payable vs accounts payable lie in the circumstances they arise from and their implications for a company’s financial health. Notes payable usually involves borrowing money for specific purposes and includes terms…

We named QuickBooks our overall best small business accounting software, in part because it offers flexibility in supporting three types of checks: standard, wallet, and voucher checks. You can buy these directly from Intuit or other vendors selling QuickBooks business checks. Pricing differs depending on the quality of the check, quantity, and the security features…

A purchase order (PO) number is a unique identifier assigned to a PO document. It simplifies tracking the PO throughout the process, from creation to fulfillment, for both the buyer and seller. Also, it aids in recordkeeping for accounting and auditing purposes. By referencing the PO number on communications, invoices, and other documents, you can…

Dext Prepare (formerly Receipt Bank) is a business management software that features receipt scanning, expense reporting, and bookkeeping and analytic tools. It integrates with popular accounting software like Xero, QuickBooks, and Sage Accounting. Small businesses can use the platform to streamline expense reporting and reimbursement through approval flows and receipt processing features. Dext Prepare’s pricing…