Direct vs Indirect Costs: Examples & Why It Matters

Traceable costs exist only as a result of the existence of traceable cost a particular segment within a business. Assigning common fixed costs to segments impacts the ability to improve profitability in the long run. Every cost for a firm must be assigned to a cost...

Quickbooks vs Wave: Which Software is Best for You?

The app scores 4.7 out of 5 from 126.9K iOS users and 4.0 out of 5 from over 41K Android users.1,2 Users tend to particularly note the app’s incredible ease of use and fully featured functionality. QuickBooks Self-Employed, QuickBooks’ accounting plan for freelancers,...

Your All-Encompassing Guide to Bank Reconciliations

There are two main things that companies look for in a bank reconciliation. These are categories of discrepancies that cause a difference in the balances between the balances in the bank book and bank statement. The main purpose of bank reconciliation is that it plays...