There is no need to notify customers of the discounting arrangement. The business then repays the advance as well as the fees and interest charges to the factoring company...

Their rates can range significantly, often starting at $150 per hour and going up depending on the complexity of services provided. We get it – the DIY-approach can be...

For example, the implicit costs could be the market price a company could sell a natural resource for versus using that resource. Their implicit costs are the timber, which...

For $90 per month, the Plus plan (which I tested for this review) includes inventory and project profitability tracking and support for five users. The Advanced version costs $200...

By tagging every transaction with information from the job cost structure, contractors are able to see a whole new dimension to their costs. They can look at how much...

Additionally, Advanced lets you generate multi-company reports and schedule emailed reports to be sent to specified email addresses. With Plus, you can create circular-flow diagram projects and add income,...

You may need to hire a bookkeeper to reconcile all the digital and physical receipts of expenses, invoices, and other transaction records into your general ledger. These transaction records...

In some accounting software, the chart of accounts is also used to designate where an account will be reported in the financial statements. It shows all of the activity...

In essence, if you require accrual-based accounting and you have more in monthly expenses, the higher your Bookkeeper360 subscription will cost. The next provider on our list of the...

Individual line items are then broken down into subcategories called accounts. In our ice cream shop example, some accounts in your ledger might be “revenue-ice cream sales”, “expenses-ice cream...