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Viewing 1 - 12 of 17
Vector of a man pushing down a car on a financial graph.

September 26, 2023

Double Declining Balance Method: Formula & Free Template

DDB Depreciation Schedule Template

Depreciation written on Notebook.

September 8, 2023

MACRS Depreciation Calculator + MACRS Tables and How To Use

Free Calculator

Our free MACRS depreciation calculator will provide your deduction for each year of the asset’s life. We also include the MACRS depreciation tables from the IRS and an explanation of how to use them to calculate modified accelerated cost recovery system (MACRS) depreciation by hand.
Woman using a calculator to calcul.

August 30, 2023

8 Best Invoicing Software for Small Businesses 2023

Free QuickBooks Tutorial eBook

The best invoicing software for your small business depends on various factors, such as your business size and type and your needed pricing, ease of use, and features. For most businesses, we recommend choosing a solution that lets you create customizable invoices and has enhanced
Cash Management word written in a white and red puzzle pieces.

August 18, 2023

10 Cash Flow Management Tips for Small Businesses

Free Calculator

Cash management is the process of managing cash inflows and outflows and utilizing idle funds to generate passive income. It involves collecting from your customers punctually so that you can pay your bills on time, avoiding penalties and interest. The lack of available cash can
Accounts Receivable text written on a notebook.

August 8, 2023

Accounts Receivable (A/R) Turnover Ratio: Definition & Calculator

Free Calculator

The accounts receivable (A/R) turnover ratio is helpful in managing your A/R and measures how effectively a business collects payment from customers they have extended credit to within a given period―generally one year. Analyzing the A/R turnover should include industry benchmarks to give you a
Employees are having a meeting and group discussion.

June 24, 2023

How To Start a Bookkeeping Business in 8 Steps for 2023 + Checklist

Free Checklist

Bookkeeping is a great home-based business that’s easy to start with very little cash. Whether you’re looking to make a little extra money or want to grow a business to support you and your family, our eight steps on starting your bookkeeping business—from creating a
Creative woman working with computer in the office

June 24, 2023

How To Use Excel for Accounting in 2023 [+Free Templates]

Free Templates

Microsoft Excel is an invaluable tool for accountants to perform complex mathematical calculations that traditional bookkeeping software doesn’t provide. We don’t recommend that you use Excel as your primary bookkeeping system. However, it’s a fantastic tool to supplement your bookkeeping platform by performing needed reconciliations
Featured Image of How To Create a Small Business Budget

June 20, 2023

How To Create a Small Business Budget [+Free Template]

Free Template

Creating a business budget is an important step in planning. A small business budget starts with creating the budgeting process, the operating budgets, such as sales, inventory and purchases, cost of goods sold (COGS), and sales and administrative, and ends with the financial budgets, such
Featured Image of Gross Profit Method of Estimating Ending Inventory

May 29, 2023

Gross Profit Method of Estimating Inventory + Calculator

Free Calculator

Small business owners can avoid frequent inventory counts and save time by using the gross profit method to estimate inventory. The gross profit method is the easiest inventory estimation technique wherein the company uses historical gross profit rates to determine cost of goods sold (COGS)
DPO report

May 19, 2023

Days Payable Outstanding (DPO): Formula, Calculation & Examples

Free Calculator

Days payable outstanding (DPO) measures the average number of days from when a company purchases inventory and materials from the supplier until it’s paid. The DPO calculation is: DPO = Number of Days x = Average Accounts Payable  Cost of Goods Sold The formula can easily be changed for
Featured Image of Vendor Onboarding Best Practices

May 19, 2023

10 Vendor Onboarding Best Practices [+ Free Checklist]

Free Checklist & Templates

We’ll provide you with 10 vendor onboarding best practices—from creating an onboarding plan and discussing business processes to sorting out required documents and documenting payment methods—that can help you design a smooth and productive onboarding process. We also have a free vendor onboarding checklist, as
Store owner wearing an apron is checking the goods she sells.

May 12, 2023

What Is Retail Accounting? Retail Method + Calculator

Free Calculator

The retail method of accounting is an inventory estimation technique used to compute the value of ending inventory without having to take a physical count. Businesses with large volumes of inventory, like grocery stores, use the retail method because it's quick and affordable to perform,
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