by Small Business Accounting Software | Jan 24, 2026 | Assets, Chart of Accounts, Terminologies
Fixed assets such as shelving, display racks, cash registers, and POS systems. They support day-to-day retail operations. Depreciated over their useful life.
by Small Business Accounting Software | Jan 23, 2026 | Accounting Proram, Terminologies
Automatic checks that prevent incorrect entries, such as entering negative inventory or duplicate invoices. Improves accuracy by enforcing rules. Helps avoid costly mistakes.
by Small Business Accounting Software | Jan 20, 2026 | Assets, Chart of Accounts, Terminologies
Funds held as security for future services, leases, or utilities. For example, a rental security deposit recorded as an asset until refunded or applied. It provides assurance that obligations will be met.
by Small Business Accounting Software | Jan 19, 2026 | Chart of Accounts, Terminologies
Represents obligations to provide goods or services for gift cards sold but not yet redeemed. It remains a liability until redemption occurs. Important for revenue recognition compliance.
by Small Business Accounting Software | Jan 18, 2026 | Terminologies
The ability to generate earnings relative to sales, assets, or equity. Measured using margins like gross profit and net profit ratio. Profitability is central to business sustainability.
by Small Business Accounting Software | Jan 13, 2026 | Accounting Proram, Terminologies
Automated approval chains for transactions, such as expense reports or vendor bills. Ensures compliance with company policies. Saves time and enforces accountability.
