Category: Bookkeeping

There will be very few bank-only transactions to be aware of, and they’re often grouped together at the bottom of your bank statement. You will know about such information only when you receive the bank statement at the end of the month. The bank will …

The typical AR Factoring rate is highly dependent on many factors, your industry for example, but generally, it runs 1% to 5% of the invoice amount. Other determinants of percentage rates are often tied to how much time you need before repaying the AR Factoring …

This process is repeated for all revenue and expense ledger accounts. Balance sheet accounts (such as bank accounts, credit cards, etc.) do not need closing entries as their balances carry over. Once you’ve converted all of your business transactions into debits and credits, it’s time …

To customize your invoice, you can upload your company logo, select from different templates, change the invoice colors, edit invoice fields, and add personalized messages for customers. All of the features discussed and images presented below are primarily based on the cloud-based version, QuickBooks Online, …