Give your customers the option of paying with one click using a credit card, bank transfer, or Apple Pay. We totally get it—running payroll for your small business can seem like a daunting task, especially when you’ve got so much on your plate. That’s why a payroll software like Wave’s can help ease the burden of doing payroll on your own. Customizable billing A common issue when invoicing in Microsoft Word, Excel, or other DIY solutions is making calculation errors. […]
Everyone, including entrepreneurs and employees, should develop multiple streams of income for themselves, Clark recommends. Instead of splitting your time across several different potential income streams at once, pick one stream and focus on how to create multiple streams of income making that profitable before moving on to something else. It really comes down to how much effort and time each income stream requires. You can work when it suits your schedule, which makes this easier to manage alongside a […]
Mere willingness to undertake a project doesn’t guarantee qualification or proficiency in that specific discipline. If you’ve decided to engage in an outsourced accounting services relationship, consider these tips to maximize your investment. Apart from enhanced security and access to experts, businesses have significantly benefited from outsourced accounting. What Accounting Services Can Be Outsourced? When deliberating whether to outsource, one crucial factor to ponder is your staffing capacity. Do you possess a knowledgeable, skilled team equipped to manage the task […]
Whenever cash is received, the asset account Cash is debited and another account will need to be credited. Since the service was performed at the same time as the cash was received, the revenue account Service Revenues is credited, thus increasing its account balance. Revenues and gains are recorded in accounts such as Sales, Service Revenues, Interest Revenues (or Interest Income), and Gain on Sale of Assets. These accounts normally have credit balances that are increased with a credit entry. […]