The income statement is one of the three main financial statements, and reports financial performance based on revenues, expenses, and net income.
By deducting mileage for use of your car for business purposes, you can save on your taxes. Use this guide by QuickBooks to utilize this deduction.
The allowance for doubtful accounts is an estimate of a company’s outstanding accounts receivable that will not be paid. Also called the bad debt allowance, it helps businesses avoid overestimating assets.
The bad debt expense records a company’s outstanding accounts receivable that will not be paid by customers. This accounting entry allows a company to write off accounts receivable that are uncollectible. Learn how to calculate and record the bad debt expense in this guide.
Retainage in the construction industry is a portion of payment due to a contractor or subcontractor that is withheld until a project is completed. Learn how to manage cash flow when retainage is withheld, and get answers to frequently asked questions about retainage.
Are you wondering how to use QuickBooks for wholesale distribution? Here's all the information you need on QuickBooks for B2B.
Moving away from manual inventory management can open up a world of possibility in your business. Here's how automation can eliminate eCommerce headaches.
Furloughing employees can save your business money. If you’re considering furloughs, use this guide to aid in compliance and help you implement your policy.
HR is a vital aspect of any successful business, so don't let it fall off your radar. Managing HR is easy with a complete software solution like QuickBooks.
Learn how to calculate overtime pay for both hourly and salaried employees with this guide from Intuit QuickBooks. Includes formulas.