Bookkeeping

And when you want a big-picture view, head to the Reports section, where you can create your custom reports in addition to the five that are already in place. It’s great for a quick overview or to make important business decisions—because yes, we’re self-employed, but we’re running a business all the same. The user interface […]

Even if a business has plenty of money in the bank, they might not have the ability to spend that money and still pay outstanding bills. If expenses aren’t considered until they’re billed or paid, running out of money could become a real possibility. It’s far better to know how much money has to go

For others who are paid an hourly rate, more labor hours result in higher paychecks. Variable costs vs fixed costs It encompasses all necessary resources, including labor, materials, marketing, and anything else needed to sell the product. Let’s say your business sells chairs for $80 each, but it costs you $25 in labor and $25