QuickBooks Online offers many features for businesses across different industries while Sage 100 Contractor is tailor-made for general, service, and other contractors that need specialized functionality, such as unitary billing, equipment tracking, and project scheduling. QuickBooks Online might be enough for very small contractors that need to track activity by class and location. Sage 100…
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Pipedrive vs Zoho CRM: Which CRM Is Best for Small Businesses
Pipedrive and Zoho CRM are customer relationship management (CRM) systems that let small businesses manage sales operations with excellent pipeline and lead management features. However, Pipedrive stands out for its easy-to-use sales tools and intuitive interface, while Zoho CRM has multipurpose functionality to manage sales, marketing, inventory, and customer support, all in one place. When…
Cash-basis vs Accrual-basis Accounting Methods & When To Use Each
The option of whether to use the accrual or cash basis of accounting largely depends on what the accounting numbers will be used for as well as the cost and difficulty to produce accrual-basis numbers. Cash-basis accounting is often used for income tax reporting while accrual-basis is usually better for financial statements. The difference between…
When To Capitalize vs Expense Payments Made
Capitalized payments create an asset on your balance sheet, while expensed payments reduce the net income on your income statement. In general, payments to purchase or repair fixed assets should be capitalized if the amount is material and the asset will generate a benefit to the company over multiple years. In practice, capitalizing vs expensing…
Account Manager vs Account Executive
Account managers and account executives are both essential to a sales operation for generating revenue. While their roles are different in scope with one handling current clients and the other new business, they can both be excellent careers with growth opportunities and high earning potential. In this article, we explore the difference between an account…
LLP vs LLC: What’s Best for Your Business?
The main difference between an LLP (limited liability partnership) and LLC (limited liability company) is that the LLP provides business asset protection from another partner’s negligence. If one partner were to get sued because of negligence, only that partner’s assets are held liable. Common LLP businesses are law, accounting, and architecture firms. When To Form…