In baseball, and other sports around the world, players’ contracts are consistently categorized as assets that lose value over time (they are amortized). As we can see from this expanded accounting equation, Assets accounts increase on the debit side and decrease on the credit side. This becomes easier to understand as you become familiar with...
Excel is a spreadsheet program that you can use for multiple functions like creating databases, project management and, yes, accounting. However, creating a solid accounting database in Excel requires a thorough knowledge of how to set up spreadsheets straight line depreciation definition and all the formulas that may entail. QuickBooks makes it easier by doing...
QuickBooks Online is easy enough for an inexperienced bookkeeper to learn but feature-rich enough that a more demanding user can tap its advanced accounting tools. Because it’s so customizable and user-friendly, it appeals to a wide variety of business types. Find out why businesses everywhere are using FreshBooks accounting software to send professional invoices and...
The free tool even offers reporting functions, like the ability to generate profit and loss statements. Manager.io allows you to give customers access to customer portals, where they can view sales quotes, review sales orders and invoices and check credit notes and delivery notes. When bookkeepers use the cash-basis method, they record transactions as money...