Bookkeeping

At FreshBooks, we know that crunching numbers isn’t your forte – and that you want to know the financial status of your business at a glance. That’s why our accounting software now includes double-entry accounting – an industry standard features that helps

The accounting equation relies on a double-entry accounting system. In this system, every transaction affects at least two accounts. For example, if a company buys a $1,000 piece of equipment on credit, that $1,000 is an increase in liabilities (the

This automation reduces manual errors, improves efficiency, and ensures consistency across your financial records. By freeing up time spent on administrative work, you can focus on more critical aspects of growing your business. Construction bookkeeping services improve cash flow by

Although financial statements provide a wealth of information on a company, they do have limitations. The statements are often interpreted differently, so investors often draw divergent conclusions about a company’s financial performance. Unlike the balance sheet, CARES Act the income

Here’s what you need to know to get started tracking account balances and getting a better understanding of where your business is headed. By recording the debit and credit halves of the transaction and then running a trial balance, the

Accounting for construction companies demands detailed accounting methods to The Significance of Construction Bookkeeping for Streamlining Projects accurately reflect the unique nature of the service and construction industry. Service and construction businesses perform short-term work where fulfilling maintenance agreements and