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Chart of Accounts for a Construction Company: Detailed guide

Managing the finances of a construction company can be complex, with numerous transactions and expenses to track. A well-organized chart of accounts is essential for keeping your books in order and ensuring accurate financial reporting. In this guide, we’ll explore how to set up a chart of accounts specifically tailored to the needs of a […]

4 Practices for Accurate Inventory Tracking in Construction

In construction, deadlines and budgets are crucial to meeting them and driving the bottom line and customer satisfaction. Thus, proper inventory management is a must. Tracking everything from lumber and concrete to power tools and heavy equipment ensures smooth operations, reduces waste, and keeps projects on track. This article will focus on practices to accurately […]

Debits and Credits in Accounting: Guide with Journal Entry Examples

Debits and Credits in Accounting: Guide 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 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

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 […]

Shopify Bookkeeping 101: Detailed Guide

Shopify bookkeeping

Shopify Bookkeeping 101: Detailed Guide Are you running your business on Shopify and feeling unsure about how to perform bookkeeping? Explore our comprehensive, step-by-step guide covering all the essential information on Shopify bookkeeping. In this guide, we will cover Importance of bookkeeping Difference between bookkeeping and accounting Steps involved in performing Shopify bookkeeping Reports every […]

How to Generate an Income Statement for Shopify Business

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 […]

The Best Accounting Software for Dropshipping Businesses

accounting software for dropshipping business

Managing a successful dropshipping business requires efficient financial management. Keeping track of sales, expenses, and profits is essential. To make this process smoother, you need the right accounting software. In this blog, we’ll explore the best accounting software options tailored to the unique needs of dropshipping businesses, with Vencru taking the top spot. Features to […]

5 best accounting software for amazon sellers

amazon accounting software

Running a successful Amazon selling business requires more than just listing products. Effective financial management is crucial for tracking your income, expenses, and profits. To make this process smoother, you need the right accounting software for amazon sellers. In this blog, we’ll explore Why do amazon sellers need an accounting software? Amazon sellers, whether they […]

6 best accounting software for photographers

accounting software photographers

Photography isn’t just about capturing moments through the lens—it’s also about capturing financial success for your photography business. In this blog, we’ll delve into Why Do You Need Accounting Software as a Photographer? Picture this scenario: You’re a thriving wedding photographer, capturing beautiful moments for your clients. However, behind the scenes, managing your business’s finances […]

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