How to Handle Double-Entry Bookkeeping

Sales made on credit increase the buyer’s inventory while also giving them adequate time to sell the item and pay their supplier. This credit period is often chosen well in advance and may differ by industry. Penalties or legal action against the defaulter may also...

Accounting for Credit Sales Journal Entries Example

After obtaining the figures, they must know credit sales by reducing total sales by the total money received. These potential disadvantages should be taken into consideration when making the decision to offer credit sales to customers. Careful analysis and appropriate...

QuickBooks wholesale: How to use QuickBooks for B2B

When you’re selling online, potential buyers are relying on the images and descriptions on your site to help them make an informed purchase. Whether it’s on your own e-commerce site or a product listing on a platform like eBay, high-quality, informative images and...

The Best Online Accounting Firms for Small Business

Since its founding in 2009, indinero has been perfecting its offering of an all-in-one accounting service for small businesses. In addition to one of the widest arrays of services, inDinero offers clients access to a team of staff accountants and financial experts,...