by How To Set Up | Feb 7, 2026 | Uncategorized
Compensation paid to employees for their services. Usually the largest operating expense for many businesses. Includes base pay but excludes benefits.
by How To Set Up | Feb 4, 2026 | Uncategorized
End-of-period journal entries to update accounts for accruals, deferrals, or estimates. Examples include accrued wages or depreciation. They ensure revenues and expenses match the proper period.
by How To Set Up | Feb 3, 2026 | Uncategorized
A document issued to correct or reduce an existing invoice, such as when goods are returned or an error is found. The software applies credit notes against outstanding balances. Helps maintain accurate receivables.
by How To Set Up | Feb 2, 2026 | Uncategorized
Uses machine learning to recognize patterns in financial data and suggest account classifications. Improves accuracy over time as the system learns user behavior. A modern upgrade over static rules.
by How To Set Up | Jan 30, 2026 | Uncategorized
Money owed to suppliers for goods or services received but not yet paid. It is typically short-term and settled within the operating cycle. Proper management ensures supplier trust and cash flow balance.
