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: NetSuite Accounting

How can i run Financial Report Builder with multiple departments

How can i run Financial Report Builder with multiple departments, columns sorted by department details, without showing the No Department columns with $0's? Example of headers: FINANCIAL ROW - NO DEPARTMENT - FAZOLI'S TOTAL

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If you click on the "More" button on the bottom right next to column, you can select the departments from there. You can select all the departments that you want or exclude the ones that you know are zero balance. You can also change the column so you can view the numbers by department.

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Answered: Phil DeLaMothe on September 30, 2019

Your answer

Question on: NetSuite

How do I pull financials for the same period year over year

Currently the reporting feature does not allow you to pull data from January 2019 and January 2018 in the same report. How can this be resolved within one report?

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Run the report you want, hit 'customize', select edit columns along the top grey bar, expand "Financial" under the Add Fields menu, drag and drop "Amount" into the report preview, then select 'relative to report date' in the 'Alternate Period Range Type'. You can select the alternate period range to be whatever you'd like 'Same Period Last FY' will give you Jan 19 Jan 18. Sounds tedious but it honestly doesn't take that long. Then you can save report so you won't have to customize it again. Hope this helps!

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Answered: Kristopher Houchin, MBA on November 29, 2021

You can run a Comparative Income Statement and then customize the "Comparative Amount" column to include the period range you wish to compare to. Below are step by step instructions: 1) Reports > Financial > Comparative Income Statement 2) In the filters at the bottom, select the current period you want to compare a prior period to (i.e. January 2019 to September 2019), then click on "Refresh" 3) Click on "Customize" at the bottom 4) Select "Edit Column" 5) Click on the column entitled "Comparable Amount" to select 6) Scroll down and change "Alternate Period Range Type" to "Relative to Today's Date" - doing so simply makes visible in the "Alternate Period Range" below it the "(Custom)" option to enter your period range 7) Change alternate period range to "(Custom)" and select the periods to include - you will need to highlight all the periods you wish to include (i.e. January - September 2019 you would need to select all the periods). To do this you need to click on the first period (i.e. January 2019) then hold down the "Ctrl" key and select each of the other periods (i.e. February 2019, March 2019, April 2019 through September 2019). 9) Preview the report and if it is what you wanted You can then either simply export it to Excel and save or you can return to customization and Rename the report at the top (i.e. Income Statement YTD 9-30-19 vs 9-30-18) and Save if you want to be able to rerun in the future. I typically Preview the report and export to Excel, because I don't want to have a saved report for every comparison I run. I just customize this Comparative Income Statement each time I wish to do a comparison and never save.

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Answered: Jon Ferguson on November 29, 2021

Look at this blog https://consulesolutions.com/comprative-incomestatement-balancesheet/

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Answered: Prabodh Kadam on March 23, 2023

See more answers (2)

Your answer

Question on: QuickBooks Online

Can you put quickbooks on a mac?

I’d like to get started with quickbooks for a small business I’ve started on the side and I’m not sure where to start. Before I start doing anything with quickbooks, I’d like to know if I can put quickbooks on a mac. The worst thing would be to spent my initial investment of my business on a new laptop. Thanks!

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Yes you can use quickbooks on a Mac

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Answered: william reid on September 10, 2019

Yes, I use Quickbooks on my Mac Laptop and have many clients that use it on the Mac desktops.

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Answered: Christie Montoya on September 10, 2019

yes you can. I use it it on my mac laptop.

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Answered: Albert Suied on September 27, 2019

It probably would be fine if you are just starting up a new business on a Mac. Being a Mac fan, after reading the many many reviews, I would not import a Windows version of your books on a Mac version of QB. It is difficult, support is crap, and all your notes regarding checks written or deposits will not transfer. Also heard many people experienced loss of data and spent hours on the phone with Intuit. Do yourself a favor, if you have a company file that is years of operation, buy yourself at least a 2.4Mtz computer and buy the 2019 version of QB, not the 2020. Intuit is a money grubbing company and with the 2019 version, you own the software, you will be supported with updates for years to come. On the 2020 version, the first year is free and then you have to pay Intuit every year thereafter for your use. This is not readily indicated in their advertisements. A classic case where the small print is much larger than the large print. I did just what I recommended and bought a Lenovo 2.4Mgz laptop and I was impressed with the 2019 product and it's performance and my old company file from 2013 version updated perfectly.

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