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.
