Category Archives: Bookkeeping

When there are undisclosed transactions on your financial statements, it is difficult for investors to make sound investment decisions because they do not know how their money is being used. The accounting standards make it compulsory for businesses to disclose the accounting policies they have used throughout the accounting period. Additionally, if there has been […]

If the company has sold one of its business units or acquired another one, it must disclose this transaction and its complete details in its books including how this transaction will help the company in the long run. The customer did not pay cash for the service at that time and was billed for the […]

At Finance Strategists, we partner with financial experts to ensure the accuracy of our financial content. When applied correctly, this principle will help maintain trust with your shareholders and investors. The full disclosure principle is a very important concept in business ethics and governance because it can prevent fraud or deception from happening. We strive […]

Record templates vary in complexity, so you need to understand the differences before you go with one accounting service or another. Some, such as Patriot Software Accounting, support simple, descriptive product records. Others, such as QuickBooks Online, do more, such as asking how many of each product you have in inventory when you create a […]

All the accounting services we reviewed let you add customers, products, and vendors during the process of completing transactions. You need to do this anyway as you grow and add to your contact and product/service databases. You have to decide whether you want to spend the time up front building your records or take time out […]

The company’s products also feature seamless cash flow integration with several popular third-party business software solutions, including Stripe, Shopify, Gusto, Expensify and NetSuite. The Starter plan includes a review of your bookkeeping records for the year, a quarterly plan of action and on-demand expert accounting assistance as needed. Onboarding comes with support from your dedicated […]

We also looked at real customer experiences to determine if their expectations were met based on what each company promised. After assigning a weighted score to each category, we formulated rankings for each company. It’s accounting and bookkeeping firms also ideal for brand-new businesses because FinancePal can help with entity formation. Bookkeeper360 integrates with third-party […]