Accounting Software Resources

Articles, Glossary Terms, Discussions, and Reports to expand your knowledge on Accounting Software

Resource pages are designed to give you a cross-section of information we have on specific categories. You'll find articles from our experts, feature definitions, discussions from users like you, and reports from industry data.

Contents

Accounting Software Articles

What is Contract Management and Why is It Important?

Contracts govern almost every interaction between businesses.

MCN

by Mary Clare Novak

How to Calculate Cost of Goods Sold (COGS): A Complete Guide

Understanding your costs is essential for sustaining profitability in manufacturing.

by Devin Pickell

Top 9 Free Invoice Management Software for 2024

Unpaid invoices haunting your dreams? Managing multiple clients and tracking expenses can turn into a nightmare for fast-growing small businesses. You might find yourself spending hours creating client invoices, approving vendor bills, tracking your payments, and managing financial records rather than focusing on the heart of your business.

by Soundarya Jayaraman

Accounting Software Glossary Terms

Payroll Management

Payroll management is an administrative process that ensures employees are financially compensated for their work. Learn more about its types and benefits.

by Holly Landis

Accounting Controls

Accounting controls help businesses maintain financial integrity and accurate data. Learn about the types, benefits, and challenges of accounting controls.

by Alyssa Towns

RFID

Radio frequency identification technology (RFID) tracks and identifies objects, animals, or people using electromagnetic fields. Learn more about types.

by Sagar Joshi

Budget Period

A budget period is the particular time frame in which a business plans, implements, and evaluates its budgets. Learn more about its types and benefits.

by Sagar Joshi

E-Signature

An electronic signature, or e-signature, is a digital representation of a person's signature used to sign a document online. Learn about its benefits.

by Sagar Joshi

Bank Reconciliation

Bank reconciliation compares a company’s accounting records with corresponding bank statements. Learn more about its benefits and purpose.

by Sagar Joshi

B2B

Business-to-business, or B2B, describes a transaction between two business entities. Learn more about the types of B2B companies and their benefits.

by Whitney Rudeseal Peet

Cash Accounting

Cash accounting records finances by only recognizing cash transactions. Learn more about this bookkeeping method to see if it's the right fit for you.

by Harshita Tewari

Fiscal Year-End

Fiscal year-end is when a company’s 12-month accounting cycle comes to a close. Learn about its benefits and best practices.

by Kelly Fiorini

Closed Account

A closed account is an account that's been deactivated or terminated by the account holder or a counterparty. Learn more about how it works and its causes.

by Amanda Hahn-Peters

Accounting Software Discussions

Question on: FreshBooks

How do you like using Freshbooks

Reall, how do you like it?

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Hi Rodney, We have used Freshbooks since 2013, and are in no way affiliated with them. For the most part, our experience overall has been positive, though there have been challenges and glitches along the way every once in a while. When we first started working with them, it felt very different. You would call, and perhaps get the same person to answer the phone. You'd get quick answers, and it felt a little more home grown, which was quirky but appealing. Now, it feels very much like a large business that is continuing to grow, appealing to a younger audience than its (likely biggest competitor), Quickbooks. For the most part, we would recommend Freshbooks, but would advise that there may be occasional headaches. In general, it does what it says it will do, but it might not be 100% problem free. The closest alternative we've considered, Quickbooks, has no support for time tracking, which is a big part of what we do, so that is out of the question for us. Note: We did try Quickbooks years back (when frustrated with Freshbooks), but found their support and small glitches to be just as frustrating, if not worse. Hope this frank and honest answer is helpful to you! Best, Zack

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Answered: Zack Barton on March 12, 2020

Love it! I've used Freshbooks since 2013, and when they raised their prices, I'll admit, I looked around. Wave was one place I tried, but the experience just wasn't as good. I didn't like the client communications, especially. Wave does many things that Freshbooks does. Freshbooks just does it better and I don't mind paying for that.

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Answered: Pat Marcello on March 17, 2020

See more answers (1)

Your answer

Question on: FreshBooks

Does anyone know how to input time form the mobile app? It does not seem possible, even though I would think it should be the main purpose of the app?

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Open the app, there is a little clock that says Time Tracking at the bottom. When you click on that there is a little green plus sign in the lower right corner; you can choose time entry or open the timer... Hope that helps.

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Answered: Sara Zoll on March 19, 2020

Your answer

Question on: QuickBooks Online

What is the best way and least way this companies direction is heading to ? I would be curious !

What Further up's and down's is Intuit Quickbooks willing to render? Is it going to be a success into the nearest future, by that I mean, 2050? Will it be any different by how it was then as it is now? Genuinely I prefer the Dashboard Abilities to easy to reach access and the way to financially fix the amount due on your statement.

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Quickbooks is robust and has been able to keep pace with the ever changing needs of the customer. The "receipts" section under banking is one such option where you can send all your bills to your quickbook account and create bills in ledger after putting only some basic info. How cool is that! The automation and intelligent interface QB provides is at par with most cloud based accounting platforms.

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Answered: CA Deepti Arora on July 30, 2020

See as of now it is very competent but it’s future depends upon abilities to adapt changes.We have observed many areas which are still to be developed.I also strongly believe that somewhere QuickBooks lost its pace overtime.

Accounting Software Resources

Articles, Glossary Terms, Discussions, and Reports to expand your knowledge on Accounting Software

Accounting Software Articles

What is Contract Management and Why is It Important?

How to Calculate Cost of Goods Sold (COGS): A Complete Guide

Top 9 Free Invoice Management Software for 2024

W-9 vs. 1099 Forms: What's the Difference?

History of Accounting: How It's Evolved Over the Years

Free Balance Sheet Template for Easy Accounting

Venture Capital: What It Is, How It Works, and Types

How to Calculate Your Gross Profit and Gross Margin

11 Best Accounting Software in India for 2023

What Is Accrual Accounting? How It Works, Pros, and Cons

Small Business Bookkeeping Essentials (+5 Tips for Newbies)

Introducing the Returns Management Category on G2

What Is a General Ledger (GL) and Why Does Every Company Need One?

Some Well Known (and Lesser Known) Facts About GAAP

22 Basic Accounting Terms Every Small Business Owner Needs to Know

2021 Trends in Accounting and Finance

The Role of Artificial Intelligence in Accounting

The Importance of Accounts Payable (AP) Automation

Key Components of Accounting Automation

Financial Forecasting: The Crystal Ball of Your Business

What Is a Current Ratio? (+ The Current Ratio Formula)

13 Accounting Principles Essential to Financial Accounting

What Is Cash Basis Accounting? (+When You Should Use It)

What Is Cost of Debt? (+How To Calculate It)

Share to Grow: Why and How Companies Use Equity Capital

Using Project Portfolio Management (PPM) to Determine Value

Accounting Software Basics (+ Some Key Features to Look For)

What Is Debt to Equity Ratio and How Do You Calculate It?

Accounting Software Glossary Terms

Accounting Software Discussions

Accounting Software Reports