It’s easy to end up duplicating your receipts, and manually entering your payments and other data causes even more confusion and frustration. FreshBooks business accounting software eliminates these problems instantly. Known primarily for business planning software, Upmetrics also offers financial forecasting software powered by artificial intelligence (AI). With the software,

At Atif CPA, we provide tailored accounting for cleaning services, whether you’re a solo cleaner or manage a team of 50+. As an Airbnb host, you’ll have such expenses as cleaning and maintenance costs, utilities, mortgage, insurance, furniture, appliances, Airbnb supplies, the platform’s commissions, etc. It’s important to keep track of

One of the most frequent errors is treating an owner’s draw or dividend payout as an expense. Misclassifying them can distort your income statement and overstate business expenses. Retained earnings jump from $66,386 in Year 1 to $374,301 in Year 2. The increase in equity corresponds to growth in assets

When less inventory must be kept on-site, a firm’s working capital requirements are correspondingly reduced, thereby freeing up cash for other purposes. This asset classification includes items purchased and held for resale. Inventory may not be immediately ready for sale. Inventory consists of the goods that a company creates to