An important part of running any business is understanding the basic terminology behind operations. When it comes to accounting, two important terms that are often confused are “sales order” and “invoice”.
There are over 50 QuickBooks file extension types but you don’t need to remember them all. This list contains what’s important to get started. Although it may feel like you are learning a new language, once you familiarize yourself with these extensions, it streamlines operations, creates a quicker workflow, and saves on time.
Successful companies are always looking for ways to optimize internal processes, including accounts payable. No matter the size of your business, there will always be the need to pay bills.
Thus, it’s in your best interest to understand and update your accounts payable best practices on a regular basis. Here are a few tips and tricks to get you there:
Enhanced prestige and increased capital make the IPO process an alluring decision for many private companies. However, an initial public offering requires a complex system of evaluation and requirements that must be executed perfectly. Thus, when considering a checklist for the IPO process, it’s usually rather long.
7 Best Stripe Competitors and Alternatives PayPal Square 2Checkout Authorize.Net Braintree ChargeBee Wise (Formerly Transferwise) As most businesses move from paper to digital, the way we send and receive payments is changing. Online payment processing has become a popular form of transacting, giving customers the ability to easily pay with a debit or credit card.
ACH transactions are not as complicated as they sound. It’s just an easier and safer way to move funds. If you’ve ever signed up for direct deposit or paid a bill online, then chances are you’ve dealt with ACH transactions. When running a business, it’s important to understand the mechanics of ACH, including how it works, what could go wrong, and tips to streamline the entire process.