These resources can include guides, eBooks, whitepapers, and even interactive quizzes that test your knowledge of the software. These materials are often created by industry experts who have hands-on experience with Yardi. Learn more about the easy-to-use features baked into Yardi Breeze by watching a quick video. We’ve got product demo videos that tour you through setup and support, marketing […]

These companies offer Gusto integration for the same price—$40 per month and $6 per month per person. On the other hand, FreshBooks may be a better fit for freelancers and solopreneurs, as the capabilities are easier to navigate. While both software will let you create recurring bills, only QuickBooks will allow you to schedule automatic recurring payments. In addition, because […]

Under accrual basis, revenues and expenses are recognized when they occur regardless of when the amounts are received or paid. If you look at the header portion of the income statement, cash flow Statement and statement of changes in equity, you’ll notice that the accounting period is indicated below the financial statement names. It is usually written as “For the […]

Just like it says on the form, this section is for any expenses you didn’t report on Lines 8-26 or Line 30. Remember to go back to Line 27a and enter the total of all lines, including anything in Part 5. Statutory employees are independent contractors who are treated as employees, meaning their “employers” withhold taxes. Be sure to include […]

If the treasury stock is sold for more than cost, then the paid-in capital treasury stock is the account that is increased, not retained earnings. In auditing financial statements, it is a common practice to check for this error to detect possible attempts to “cook the books”. When a company decides to retire shares, it generally does so by issuing […]

However, businesses with internal accounting cycles also follow the external accounting cycle of the fiscal year. The closing entry process involves transferring your net income to retained earnings. When earnings are transferred, all temporary accounts should be closed. Many businesses automate the accounting cycle with software to minimize the accounting mistakes that can arise when you manually process financial data. […]

Use Wafeq – an accounting system to keep track of debits and credits, manage your inventory, payroll, and more. Remember, all entries must adhere to the double-entry bookkeeping system, where each transaction affects at least two accounts – one must be debited, and another credited. The importance of an accounting ledger is immense as it serves as the backbone of […]

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Businesses that follow a risk-based approach to reconciliation will reconcile certain accounts more frequently than others, based on their greater likelihood of error. This article will help you learn everything you need to know about balance sheet reconciliation, including how it is done, the challenges involved, and best practices that can help you avoid them. Similarly, with the inevitable factor […]

Every business is different, so it comes as no surprise that key business drivers will vary from one business to the next. In the end, what may work to improve the performance of one business may not be the best fit for another business’ strategy. Business drivers are critically important dynamics business driver definition that determine the value of a […]