Debits and Credits in Accounting: With Journal Entry Examples
In accounting, debits and credits are the fundamental building blocks for recording financial transactions. They may appear challenging, but understanding debits and credits is critical for keeping correct financial records. This guide will break down what is debit and credit, explain how they apply to different account types, and provide examples to help you comprehend […]
Accounts Receivable Jobs: Guide on Skills, Roles, and Career Paths
Accounts receivable (AR) is a critical component of a company’s financial health, representing the outstanding invoices or money owed by customers for goods or services rendered. Efficient management of accounts receivable ensures a steady cash flow, crucial for maintaining and growing business operations. An accounts receivable job, therefore, involves overseeing the process of billing, collection, […]
How to Calculate Cost of Goods Sold for Shopify Store
Understanding the financial metrics that predict business profitability is important to succeed as a Shopify business owner. Cost of Goods sold (COGS) is one of these key metrics. In this blog post, we’ll be discussing the Cost of Goods Sold for Shopify Store. Cost of Goods Sold (COGS) represents the direct costs associated with producing […]
How to Generate an Income Statement for Shopify Business
Understanding the profitability of your Shopify business is crucial to your success as a business owner. The income statement for a Shopify Business gives you insight into how well your business is performing over a specific period and what you can change to be more profitable. An income statement, also known as a profit and […]
Best Accounting Software for Shopify Business
Running a Shopify business comes with its unique set of challenges, especially when it comes to managing finances. The right accounting software is crucial for streamlining your operations and ensuring accurate financial records. In this article, we’ll explore the essential features to look for in accounting software that integrates with Shopify stores and delve into […]
17hats vs. Honeybook: Comparison (2024 Update)
Simplifying operations with accounting software enhances overall business management efficiency cutting down manual errors and calculations, ensuring compliance and providing insightful data for better decision making. The right accounting software for your business optimises time management, boosts efficiency and productivity and even better- comes at an affordable price. 17hats and Honeybook are used by various […]
7 Tips to Boost Holiday Sales
The holiday season is upon us, and businesses worldwide are gearing up for the festive shopping rush. To make the most of this joyful time, it’s crucial to adopt a strategic approach. In this blog post, we’ll explore key strategies to boost holiday sales: 1. Select the Right Marketing Channels: One size does not fit […]
ZipBooks vs Quickbooks 2023 Comparisons
Monitoring your business health and gaining insightful data for business growth is made accessible with accounting software. Accounting software is a game changer for businesses increasing efficiency and accuracy, saving time, ensuring compliance and so much more. Several business owners use ZipBooks and QuickBooks for various purposes. In this blog post, we will discuss both […]
ZipBooks vs Wave: Comparisons (2024 updated)
When making purchasing decisions, striking the right balance between benefits and costs is crucial for businesses as this can either add to or reduce your bottom line. Using accounting software has numerous perks but, finding the software that satisfies your business needs at a price that works is crucial to business success. In this post, […]
Wave Apps vs FreshBooks: Comparisons (2024 updated)
Sifting through piles of transaction papers isn’t anyone’s ideal way to spend their day. Accounting software makes things simple and more efficient, equipping you with the figures and insights you need in seconds, saving you time and effort you can channel into growing your business! Wave and FreshBooks are accounting software used by business owners […]
