Set payroll to a schedule, so your team gets paid on time, every time. Sign up for payroll payroll right from your FreshBooks account, and our set-up process will have you paying your team in no time. Reverse your payable entries with a debit and decrease the Cash account with a credit. If that’s not […]

This includes bank statements, invoices, receipts, payroll data, donation records, and any other financial transactions. Unlock sustainable funding for your nonprofit with our expert guide on venture capital strategies. Learn actionable tips to secure long-term financial support and propel your mission forward. Another long-term liability can be deferred revenue, linked with multi-year grants or donor […]

They are classified as either current assets (assets that are expected to be converted into cash in less than a year) or non-current assets (long-term assets that are difficult to convert into cash). Current liabilities are important because they can be used to determine how well a company is performing by whether or not they […]

The main challenges in managing outstanding receivables are ensuring timely payments from customers and minimizing the risk of bad debt while maintaining positive customer relationships. An outstanding check adjusting entries is a check payment that has been recorded by the issuing entity, but which has not yet cleared its bank account as a deduction from […]