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Author Archives: HappyAR

Cash vs Accrual Accounting

Cash vs Accrual Accounting

Cash or charge? This inquiry is a familiar question when making purchases, and that simple question gets to the heart of the difference between the two main methods of accounting at large to small businesses, whether a company should use … Read More

Is it Worth Stepping Up to Quickbooks Premier Plus?

Is it Worth Stepping Up to QuickBooks Premier Plus?

Intuit QuickBooks has been the standard accounting software for nearly 20 years and has enabled small businesses to largely automate their bookkeeping and invoicing processes with unbelievable levels of functionality. It has also transformed the collections process thanks to the … Read More

What are Net 30 Terms?

8 Reasons We Think Small Business Owners Should Try QuickBooks for DIY Bookkeeping

It’s true that we love QuickBooks. Not only have we been users of the online accounting and bookkeeping software many years before starting HappyAR, but we also now integrate our AR automation solution with their platform. We’re not alone either. … Read More

Managing Receivables

Managing Receivables

As a small business owner, managing accounts receivable should rank among your top priorities. By managing receivables properly, you’ll have easier access to cash, greater liquidity in your business, and improved relationships with your clients. Unfortunately, this isn’t the case … Read More

Collections Agent

Collections Agent

When a company is unable to collect debts from their customers, they are often forced to turn to the services of a collections agent. A collection agent operates as a third-party liaison between businesses and their debtors, helping to resolve … Read More

Quickbooks Capital Offers Business Loans Through Quickbooks

QuickBooks Capital Offers Business Loans Through QuickBooks

Intuit Inc., the company behind TurboTax and QuickBooks accounting software, offers small businesses the ability to get loans through QuickBooks itself with QuickBooks Capital. The program began in 2017 and initially offered loans up to $35,000 over six months but … Read More

What Is an Aging Report? How To Tell if Your Company Is Healthy

What Is an Aging Report? How To Tell if Your Company Is Healthy

Creating a solid cash flow for your business relies on optimizing how money comes in and goes out. You send out invoices, and ideally, people pay you the total amount without becoming past due. You place orders and pay on … Read More

Why You Need to Know the Average Collection Period Formula

Why You Need to Know the Average Collection Period Formula

Banks like to see large values for accounts receivable on a company's balance sheet. A larger value of accounts receivable proves that a company gets a healthy amount of business and generally indicates solid cash flow. Having more money in … Read More

Collections Management

Collections Management

Bookkeeping can be overwhelming if you let it be. There are many moving parts to keep track of, including invoices, receipts, bills, accounts receivable, accounts payable, and more. And all this has to be meticulously maintained to maintain financial excellence … Read More

How to Handle a Credit Balance

How to Handle a Credit Balance

When a company's accountant or bookkeeper opens up the subsidiary ledger to check the account balances, occasionally, they may run into a situation where they have a credit balance. A credit balance can seem odd because it indicates that your … Read More