by How To Set Up | Dec 1, 2025 | Uncategorized
A contra-asset account estimating the portion of receivables unlikely to be collected. It aligns revenues with probable losses. It prevents overstating assets in financial reports.
by How To Set Up | Nov 30, 2025 | Uncategorized
Connecting the accounting system with other business tools like payroll, inventory, or CRM platforms. Integration reduces duplicate data entry and keeps information synchronized. Supports a unified workflow.
by How To Set Up | Nov 29, 2025 | Uncategorized
Similar to unearned revenue, but often used for long-term obligations like software subscriptions or annual service contracts. Recognized gradually as services are performed. Ensures revenue recognition compliance.
by How To Set Up | Nov 28, 2025 | Uncategorized
The master set of accounts that consolidates all financial transactions of a business. It contains both balance sheet and income statement accounts. The G/L is the backbone of financial reporting.
by How To Set Up | Nov 26, 2025 | Uncategorized
The main screen that provides a quick overview of financial performance, such as cash balance, invoices, expenses, and recent transactions. Dashboards give real-time insights to help users make decisions without running full reports. They act as the control center of...
