by Small Business Accounting Software | Dec 14, 2025 | Accounting Proram, Terminologies
Functions that allow movement of information in and out of the software, often through spreadsheets or APIs. Useful for migrating data or integrating with other systems. Promotes flexibility and continuity.
by Small Business Accounting Software | Dec 13, 2025 | Terminologies
The difference between current assets and current liabilities. Positive working capital means the company can cover short-term obligations. It reflects day-to-day operational efficiency.
by Small Business Accounting Software | Dec 12, 2025 | Chart of Accounts, Terminologies
Funds received from customers as a guarantee of future performance. Treated as a liability until the service or product is delivered. Common in construction or real estate industries.
by Small Business Accounting Software | Dec 12, 2025 | Accounting Proram, Terminologies
Notifications triggered when certain thresholds or deadlines are met, such as tax filing dates or spending limits. Keeps businesses in line with legal and regulatory requirements. Prevents penalties and improves governance.
by Small Business Accounting Software | Dec 6, 2025 | Chart of Accounts, Expenses, Terminologies
Costs for employee business trips, including airfare, lodging, and meals. Encourages business development and client relationships. Requires careful documentation.
by Small Business Accounting Software | Dec 4, 2025 | Chart of Accounts, Terminologies
Interest accrued on loans or notes but not yet paid. It is a short-term liability until settlement. This keeps financing costs accurately recorded.
by Small Business Accounting Software | Dec 4, 2025 | Chart of Accounts, Expenses, Terminologies
Shipping costs incurred to bring purchased goods into the business. Included in inventory cost until sold. Helps establish accurate cost of goods.
by Small Business Accounting Software | Dec 1, 2025 | Terminologies
Measures how effectively a company generates profit from shareholders’ investments. Calculated as Net Income ÷ Shareholders’ Equity. A key metric for investors.
by Small Business Accounting Software | Nov 30, 2025 | Assets, Chart of Accounts, Terminologies
Highly liquid investments intended to be held for less than a year, such as treasury bills or certificates of deposit. They provide a return while maintaining liquidity. Often used for surplus cash management.
by Small Business Accounting Software | Nov 28, 2025 | Terminologies
A list of all ledger accounts and their balances at a given time. It ensures total debits equal total credits. Used as a preliminary check before preparing financial statements.
by Small Business Accounting Software | Nov 26, 2025 | Terminologies
Shows changes in equity during a period, including investments, withdrawals, and retained earnings. It links the income statement and balance sheet. Useful in sole proprietorships and partnerships.
by Small Business Accounting Software | Nov 25, 2025 | Chart of Accounts, Expenses, Terminologies
Shipping or courier costs for delivering goods to customers. Treated as a selling expense, not part of inventory. Essential for e-commerce and retail operations.
