Category Archives: Bookkeeping

Shoeboxed is the best software for receipt scanning and is designed to simplify receipt management and prepare expenses for tax season. Additionally, Zoho lets businesses store digital copies of documents and attach them to transactions, manage purchase and sales orders, use timesheets for accurate billing, reconcile bank accounts, and more. Chart financial performance and make strategic…

One of the more important aspects of cost management is variable cost, as it directly impacts a manufacturing company’s bottom line. Absorption costing is not as well understood as variable costing because of its financial statement limitations. But understanding how it can help management make decisions is very important. See the which group of costs…

In addition to your COGS, you’ll also have other operating expenses that go along with running and growing your business. One of the most important reasons to do a financial projection is to figure out whether or not your business will be financially viable in the short, mid, and long term. Financial projections can have…

While returning, the seller will give you a note about the payment deduction and about product details with a due date, that note is a credit memo. You sell paper goods to a restaurant and later realize that you overcharged them. You can write up a credit memo and send it to the company to…