by Small Business Accounting Software | Sep 27, 2025 | Chart of Accounts, Terminologies
Company’s own shares that were repurchased from shareholders. It reduces equity since these shares are no longer outstanding. Often used for stock compensation or market stabilization.
by Small Business Accounting Software | Sep 27, 2025 | Chart of Accounts, Terminologies
Represents amounts investors pay above par value when purchasing stock. It reflects extra equity contributions. Often arises in public offerings.
by Small Business Accounting Software | Sep 26, 2025 | Terminologies
A financial statement that reports a company’s assets, liabilities, and equity at a specific point in time. It provides a snapshot of financial health and solvency. The balance sheet answers, “What do we own, and how is it financed?”
by Small Business Accounting Software | Sep 26, 2025 | Chart of Accounts, Terminologies
Earnings from investments, bank deposits, or loans. Provides passive income outside main operations. Recorded when earned, not necessarily received.
by Small Business Accounting Software | Sep 26, 2025 | Chart of Accounts, Expenses, Terminologies
Costs for memberships, professional subscriptions, or publications. Helps employees stay informed or connected. Usually minor but useful.
by Small Business Accounting Software | Sep 23, 2025 | Assets, Chart of Accounts, Terminologies
Represents the cost of real estate owned by the business. Unlike other assets, land is not depreciated because it does not wear out. It retains or increases value over time.
by Small Business Accounting Software | Sep 22, 2025 | Terminologies
A 12-month accounting period used for financial reporting and tax purposes. It may align with the calendar year or a company-chosen cycle. Many businesses choose fiscal years that reflect seasonal operations.
by Small Business Accounting Software | Sep 21, 2025 | Accounting Proram, Terminologies
A security feature requiring users to verify identity through two methods, such as a password and a mobile code. This prevents unauthorized logins even if credentials are stolen. Essential for safeguarding sensitive financial data.
by Small Business Accounting Software | Sep 21, 2025 | Accounting Proram, Terminologies
Metrics displayed in the system to measure business performance, such as gross margin, collection days, or expense ratios. Accounting software often tracks KPIs in real time. Provides actionable insights for management.
by Small Business Accounting Software | Sep 18, 2025 | Terminologies
The ability to meet long-term obligations. Solvency is assessed by debt-to-equity and interest coverage ratios. A solvent company is more stable and less risky to creditors.
by Small Business Accounting Software | Sep 18, 2025 | Accounting Proram, Terminologies
A customizable format used to issue billing documents to customers. It includes elements like logo, terms, and payment instructions. Consistent templates enhance professionalism and brand recognition.
by Small Business Accounting Software | Sep 18, 2025 | Accounting Proram, Terminologies
The ability to upload bulk journal entries, usually via spreadsheets or API connections. Essential for companies migrating from older systems or handling high-volume adjustments. Ensures efficiency and accuracy.
