Remote Quality Bookkeeping

APRIL 14, 2025

Familiarize Yourself With Your Bookkeeping System Businesses use two primary methods to document revenue and expenses and report to the IRS: cash basis or accrual. Thus, selecting the proper type of accounting immediately is important. Timely collections improve your cash flow.

Bookkeeping 52

Bookkeeping Small Business Bookkeeping General Ledger Accruals 52

Remote Quality Bookkeeping

MAY 15, 2025

Misclassifying expenses , skipping reconciliations, and misunderstanding how to handle accruals are all common bookkeeping mistakes that can lead to serious reporting errors and even IRS red flags. You could be hit with audits, fines, and penalties if you’re not collecting and remitting sales tax correctly.

Small Business Bookkeeping 52

Small Business Bookkeeping Business Bookkeeping Bookkeeping Outsourced Bookkeeping 52

Gaviti

OCTOBER 24, 2022

Allowance for doubtful accounts (ADA) is a financial metric that estimates the value of rendered services or goods sold that you don’t expect to get paid for. Essentially, it’s a tool used in accrual accounting as a way of tracking bad debt up front with the end goal of maintaining more accurate financial statements.

Accounting 52

Accounting Accounting Accounts Receivable Account Receivables 52

Billing Platform

FEBRUARY 1, 2024

Why Companies Have Unbilled Receivables In contrast to cash accounting, unbilled receivables is when the company is paid in advance and the amount is entered as an asset on the balance sheet. Send invoices earlier to account for billing delays. Reconcile your unbilled receivables account frequently to ensure there are no discrepancies.

Billing 52

Billing Accounts Receivable Account Receivables Accounts Receivable 52

Counto

NOVEMBER 7, 2024

Manage Accounts Receivable and Payable Timely management of receivables and payables is essential to avoid cash flow gaps. Extended payment terms can help manage cash outflows, especially during slower periods, ensuring the business can meet its obligations without damaging liquidity.

Revenue Cycle 40

Revenue Cycle Accruals Accounts Receivable Account Receivables 40

Nanonets

JUNE 29, 2023

Brex Brex is a San Francisco-based financial service and technology company that offers business credit cards and cash management accounts to technology companies. With Brex, businesses can manage global spend, close books in real time, and benefit from embedded policies, automated expense reports, and AI-driven insights.

Budgeting 52

Budgeting Expense Reports Data Entry Invoicing 52