Accounting - Let's Ledger

by Michael Pirumov

How To Setup Expense Tracking With Expensify

Expense trackers are an accounting time saver. The benefits are wide-ranging, from helping employees organize expenses, to getting reimbursements out promptly, to seamless monthly reporting for your business. This is why you need an expense tracker tool.

Characters setting up the best expense tracking tool Expensify

How To Setup Expense Tracking With Expensify

Expense trackers are an accounting time saver. The benefits are wide-ranging, from helping employees organize expenses, to getting reimbursements out promptly, to seamless monthly reporting for your business. This is why you need an expense tracker tool.

A character lifting the lid on a parent company holding a private equity investment in another company

Catch-up To Private Equity Investments And Fund Accounting

Private equity fund accounting includes compliance methods for reporting revenue. In this guide, pop the lid on private equity investments, to have a stronghold in ...

Business owners reaching for a cash advance from invoice financing

Pros And Cons Of Invoice Financing

Running a small business can be difficult. During a cash crunch, waiting on customers to pay their tabs is like waiting for grass to grow. ...

Ninja's shopping in a store to get products for retail arbitrage

Retail Arbitrage: Be A Resale Ninja

Have a knack for finding deals? Turn your shopping habit into a retail arbitrage business and turn a profit by reselling trendy items at a ...

A VC investor with money swirling around him and businesses popping up

Venture Capital Investing 101

The allure of venture investing is the gamble. It is high stakes, high reward but this career path isn’t all play. For curious entrepreneurs here ...

Accountants performing a historical bookkeeping clean up

A Quick Historical Bookkeeping Clean Up

A historical bookkeeping clean up is a daunting task, even if you are a company with a few monthly transactions. We take the guesswork out ...

Introduction To SaaS Accounting

This is an accounting guide for new startups and entrepreneurs looking for a well-rounded explanation of SaaS accounting. We go through everything you need to ...

Accountants performing ASC 606 Revenue Recognition for SaaS

Step-By-Step To ASC 606 Revenue Recognition

Dear subscription billing companies, are you looking for significant investors? Then it is time to get serious about ASC 606 revenue recognition. It is a ...

An accountant with his dark side showing because he committed accounting fraud

Accounting Fraud: Prevention and Detection

We’ve come across more accounting hack jobs than we’d like. Thankfully, nothing comes close to full-scale accounting fraud. This is how to spot and prevent ...

Accountants trading on a decentralized accounting ledger

Decentralized Accounting: The Future Of Finance

What type of managerial system does your company have? Is it top-down or spread out, and is the system satisfying long-term objectives? We break down ...

Accountants performing general ledger accounting on a computer

What Is Good General Ledger Accounting?

Your business diary holds all the secrets. We aren’t talking about water cooler gossip, something even juicier—the keys to your success are in your general ...

Accountant Christmas trees performing a year end reconciliation

Year End Reconciliation: Close Out For The Holidays

Tis’ the season for a year end reconciliation. Let’s balance your books and zero out accounts, to get a clear picture of your annual income. ...

The Fallacy Of A Quarterly Earnings Report

Publicly traded companies must release quarterly earnings reports 4 times a year. The contents of these reports can make or break a share price, and ...

accountants putting in an accounting code into a computer

Accounting Code For Your Chart Of Accounts

In accounting, we live by a code—the accounting code. Treating your accounting system like a google search bar every time you enter a transaction, is ...

An accountant throwing an invoice out of accounts receivables as a bad debt expense

Throw Out The Bad Debt Expense

Endlessly waiting on a customer to pay an invoice, but getting no response? Then it is time to throw it out and write it off ...

The Balance Sheet Breakdown

A balance sheet is one of the three main financial statements in accounting. It provides the keys to unlocking a company's future success. That is ...

Accountants building a multi step income statement

The Making Of A Multi Step Income Statement

Income statements come in all varieties. Learn how to take advantage of this financial tool to rate your success. Plus know how to prepare and ...

accountants integrating bill.com + Xero to automate accounts payable

Automate Accounts Payable With Bill.com + Xero

Ready to simplify monotonous billing for your business accounting? Lucky you, this is the new financial frontier where you can automate accounts payable (AP). With ...

Counting COGS Inventory Accounting Guide

Counting The COGS: Inventory Accounting Guide

Your shop wouldn’t be poppin’ dollar signs if it didn’t have inventory. We know this area is a maze for business owners, that’s why we ...

What Is RPA Accounting?

Your business is doing RPA accounting and you didn’t know it. Welcome to the future, where the robots took our mundane process jobs. Humans aren’t ...

Retained Earnings: The Startup Growth Hack

Want the #1 growth hack from successful start-ups—retained earnings. Positioning the company with a small but efficient payroll and reinvesting earnings leads to long-term profits. ...

accountants sharing tips for scaling ecommerce

Expert Accounting Tips For Scaling Ecommerce

Scaling and growth are two very different terms when it comes to business. They are used synonymously but scaling refers to adding revenue faster than ...

an accountant moving between a double entry accounting system

Double Entry Accounting: Find Your Balance

There are two systems of accounting: double-entry and single-entry. Which is the best method for your business? This article will get into why you should ...

A character writing GAAP on a chalkboard

What Is GAAP Accounting?

Following GAAP rules is not a requirement for most small businesses. That shouldn’t prevent you from understanding GAAP accounting because these principles affect reporting for ...

What Is The Difference Between Bookkeeping Vs Accounting?

Most of our clients refer to our services as bookkeeping. Technically, accounting is what we do and bookkeeping provides the foundation of our processes. Knowing ...

An accountant sitting on the moon looking at a cash forecast in the sky

1-2-3 Simple Cash Forecasting

Accounting is not just recording the past, it is determining the future. Businesses should be aware of how much cash they will need to operate ...

An accountant locking a calendar for a month end close

A Month End Closing Procedure For Every Business

We perform monthly closings for every client, regardless of their industry. It is arguably one of the most important accounting functions. We deploy it to ...

Employees running a cash roll machine and following payroll compliance

The Employers Payroll Compliance Handbook

Paying employees in a small business isn’t as easy as cutting a check. Payroll compliance is the meticulous art of following state and federal wage ...

Two accountants pointing at accrued liabilities due for payment

Accrued Liabilities: Pay Another Day

Eliminate stress by tracking expenses for your business. In accrual accounting, not all expenses are the same. By understanding accrued liabilities, you will be able ...

two accountants receiving electronic unearned revenue for a SaaS company

Why is Unearned Revenue a Liability?

In accrual accounting, it is important to organize income properly. Especially when it comes to prepaid services. Prepayments are considered unearned revenue. You cannot instantly ...

an accountant riding a money wave by good accounting for amazon sellers

Accounting for Amazon Sellers: The Keys to Profitability

If you can’t beat them, join them. That was probably said by the first third-party seller to join Amazon. For e-commerce shops entering the market, ...

an accountant making a cash to accrual conversion

The Switch: Cash to Accrual Conversion

Cash basis accounting had a good run, time to switch your accounting method. Now you are stepping up your finance game. Whatever the reason to ...

Two groups of accountants engaging in a xero vs quickbooks online battle

Xero Vs QuickBooks Online: Which is Better?

Having a solid system to manage accounts is a necessary part of business. While Excel spreadsheets, and mathing out may be accessible to some. That ...