Category: Bookkeeping

Marilyn nods and shows Joe how these are reported in accounts entitled Vehicles, Cash, Supplies, and Equipment. If Joe delivers parcels, but isn’t paid immediately for the delivery, the amount owed to Direct Delivery is an asset known as Accounts Receivable. Now even though the interest is being paid out to his aunt only once...

Structured governance, modern ERP infrastructure and data-driven KPIs can transform accounts payable from a manual bottleneck into a scalable, compliant, and efficiency-driving function across healthcare finance. Medical billing is directly linked to how quickly and accurately a healthcare provider receives payment. It covers claim creation, submission, and follow-up with insurance companies and patients. Any delay...

This separation protects client funds from firm creditors, business risks, and operational problems. Even if your firm faces financial difficulties, client money remains untouchable and secure. You’ll gain a clear understanding of trust accounting and discover why it’s critical for your firm’s success. Taxes are a part and parcel of all businesses and so, law...

But startup founders find it misleading that the supposedly automated solution requires a lot of back and forth with a non-native English speaker halfway around the world. There is nothing automated about waiting for someone 12 timezones away to manually recategorize a transaction. It is used as a accounting for startups proxy for cash flow...