In North America for example, the preferred payment method is credit cards – with around 34% of payments being carried out with a credit card. The most fundamental part of accounting, especially for a small business, is keeping accurate track of any cost that the business incurs. Since the beginning of your business’ activity, you’ll […]

Forecasting, on the other hand, benefits from the clarity provided by accrual accounting. By analyzing trends in revenues accrual vs deferral and expenses as they are recognized, rather than when cash is exchanged, companies can predict future financial positions with greater accuracy. This is particularly useful for long-term forecasting, where the timing of cash flows […]

Offering robust Why Real Estate Bookkeeping is Critical for Your Business financial tracking, reporting and invoicing tools. Once you’ve properly set up your chart of accounts for real estate investments it performs better than some of the other accounting-specific tools listed. Nevertheless it can become challenging to track individual properties with more than a few […]