Double-entry accounting enters every transaction twice as both a debit and a credit. Your business’s books are balanced when all of the debits equal (or cancel out) all of the credits. And since it takes equity, assets and liabilities — … Continue reading →

That being said, the cash method usually works better for smaller businesses that don’t carry inventory. If you’re an inventory-heavy business, your accountant will probably recommend you go with the accrual method. Bench, which uses both software and human bookkeepers, … Continue reading →

However, each one represents profit at different phases of the production and earnings process. Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for placement of sponsored products and services, or by you clicking on … Continue reading →

If there is an increase in the price of raw goods, for example, your gross income will go down if you don’t also raise prices to accommodate the increase in the Cost of Goods Sold. When starting a salaried job, … Continue reading →

Customers can pay instantly by credit card or Apple Pay when they view the invoice online. Simply email your customers an invoice and they can use the secure “Pay Now” button to send over your payment. I look at the … Continue reading →

Regardless of which you choose, you will have to pay processing fees to accept invoice payments online. Wave also offers paid products for payroll, coaching and mobile receipt scanning. Wave’s invoicing is free and unlimited, with customizable templates and a … Continue reading →