Author Archives: HappyAR

Business owners who offer credit sales understand that at some point, an account may become past due. While it’s unfortunate, not all customers may pay in a timely manner. It is important to understand when an account is simply overdue … Read More

A cash conversion cycle is a familiar term in accounting. It describes how long it takes to convert inventory into cash. The cycle considers the time required to sell inventory and collect receivables, as well as the time the company … Read More

As a business owner, you will need to understand the concept of an aged trial balance. An aged trial balance can be used to determine how long your company’s debts have been outstanding. It can also show how long your … Read More

An ACH payment is a type of electronic payment initiated through the Automated Clearing House Network. The payment is initiated between two banks or between two bank accounts that are held by the same bank. The ACH Network is overseen … Read More

One of the first things that a business must determine when engaging with a new customer is the payment terms they will offer. There are all sorts of options available. Some of these include: Payment prior to delivery of goods … Read More

An electronic funds transfer (EFT) is simply the electronic movement of money from one bank account to another. It is a blanket term that applies to any type of transfer of money that occurs electronically. These types of payments have … Read More

If you’ve recently purchased QuickBooks Intuit Online to perform bookkeeping for your small business, you’re likely wondering how to use it. QuickBooks can be intimidating, especially if you’re not an accountant or you haven’t used accounting software before. That’s okay … Read More

As a small business owner, it can be difficult to decide on appropriate accounting software that fits your needs. There are many to choose from — QuickBooks, Xero, and FreshBooks are just a few options. For U.S.-based companies, QuickBooks remains … Read More

Money by QuickBooks is a new offering from Intuit designed to help small businesses manage their cash flow. Originally announced in October 2021, it is available as a mobile app through Android and Apple platforms. Its purpose is to give … Read More

As a small business owner, you need accounting software that can help you manage your revenues and expenses, as well as provide you with the insight you need into your company’s current financial status. Financial management is an integral part … Read More