Categoría: Bookkeeping

We also offer reviews and comparisons of different products, including point-of-sale (POS), merchant services, and accounting software solutions. Very simply, solvency is a company’s ability to meet long-term debts and other financial obligations. It’s important because it indicates whether or not a company is likely to stay in operation in the future. The format of …

Leer más «Noncurrent Assets Definition, Types, Examples, & Importance»

For example, the Square Terminal and the new Square Mobile POS are both great handheld POS systems for restaurants. TouchBistro includes an offline sales mode, menu management by location, raw ingredient tracking, table planning/tracking, waitlisting, and handheld POS customizations. Common TouchBistro add-ons include an excellent loyalty program, an online ordering system, and a reservation system. …

Leer más «Process Cost System»

Additionally, the number of tax-deductible expenses the company incurs grows. A petty cash receipt is usually used to fill out the information about each transaction during business operations and maintain internal controls. This is essential because it ensures that employees know the procedures and that everyone can be held accountable for their the difference between …

Leer más «Petty Cash: What It Is, How It’s Used and Accounted For, Examples»