May 16, 2023Charles Lutwidge
What is SaaS accounting: Standards and revenue recognition guidelines
Due to the rapid expansion of the software industry around the globe, the need for SaaS solutions is becoming increasingly prevalent. The shift to a more digital-oriented society has led to a surge in demand for top-notch solutions, prompting SaaS companies..
May 15, 2023Charles Lutwidge
Bookkeeping For Shopify Sellers: Best Practices for eCommerce Businesses
The Shopify ecommerce platform has recently come to the attention of many online business owners as a viable alternative to established marketplaces and the best solution to build a stand-alone company. Professional Shopify accounting software enables business owners to streamline activities..
May 11, 2023Charles Lutwidge
Bookkeeping For Ebay Sellers: Everything You Need To Know
EBay was originally a location to sell handmade items and organize garage sales. Still, today it is a dynamic market for established vendors who want to operate their capital as efficiently as possible, and this can be achieved with professional bookkeeping..
May 10, 2023Charles Lutwidge
Accounting for Churches: Everything You Need To Know
Church accounting is the practice of financial records keeping and management specifically for religious organizations. Most churches belong to section 501(c)(3), which means they don’t have to pay federal revenue tax and can operate under nonprofit bookkeeping guidelines. Although these rules..
May 08, 2023Charles Lutwidge
Bookkeeping For Franchises: All You Need To Know
If you are running and managing your franchise business, you need to be proficient in a number of jobs, including bookkeeping. The act of documenting and controlling financial activities that take place within a business, such as sales, purchases, initial fees,..
May 05, 2023Charles Lutwidge
Farming Business Guide to Agricultural Accounting
Regarding agricultural accounting, many farmers nowadays find themselves in a challenging position. Understanding the fundamentals of this type of bookkeeping may take a lot of work, especially for those just beginning in the industry. But long-term success depends on mastering these..
May 04, 2023Charles Lutwidge
Accounting for Research and Development
Research and development (R&D) is a routine activity when you start or develop your business. It is an exciting period in any company because it involves the creation of the first products or improving existing offerings. If you are just starting..
May 03, 2023Charles Lutwidge
Accounting For Medical Practices: A Simple Overview
As a doctor, you should put patients’ needs first. However, if you open your own office, additionally, it is indispensable to keep an eye on accounting for medical practices. Owning a medical facility necessitates maintaining correct financial records and tax compliance...
April 28, 2023Charles Lutwidge
What is Construction in Progress Accounting
To guarantee that your construction project is finished on schedule and within your allocated budget, it is essential to comprehend the accounting process. Dealing with construction in progress accounting may be a difficult chore for a business owner, that is why..