Category: Bookkeeping

Both services do offer an app marketplace, for both in-house mobile apps and integrations or extensions offered by third-party services. Xero offers more integrations overall, but both are very comprehensive. While Xero’s $13 Early plan is far cheaper than QuickBooks’ $30 Simple Start plan, it’s also very limited due to the caps on invoices and…

The current ratio measures the capacity of a company to pay its short-term obligations in a year or less. Analysts and investors compare the current assets of a company to its current liabilities. This tells us that Company A appears to be in better short-term financial health than Company B since its quick assets can…

Accounting software helps business owners understand how money flows in and out of their businesses. This can help you save time and make financial decisions quickly. These features help keep our invoicing, and accounting, free. You can effectively analyze the financial health of your business, find ways to generate more profit, and move forward with…

Most accounting software solutions offer basic accounts receivable functionality, and in-house accounting teams can handle AR tasks internally. However, AR automation software can help teams save time and can potentially improve AR efficiency. For large firms and any company with high transaction volume, software with accounts receivable automation functionality is recommended. Centime is a comprehensive…

The cash flow from operating activities section aims to identify the cash impact of all assets and liabilities tied to operations, not solely current assets and liabilities. The balance sheet organizes assets and liabilities in order of liquidity (i.e. current vs long-term), making it easy to identify and calculate working capital (current assets less current…