Content The Complete Guide to Shopify Accounting Shopify POS Reconciliation Build your dream business for $1/month Steps to Complete Your Shopify Books Each Month Best accounting software for Shopify: 5 excellent options to consider. Choosing Your Shopify Accounting Software SERVICES Tracking Sales and Expenses Custom Shopify solutions While they are both subtracted from your business’s…
Franchisors and franchisees need to understand franchise accounting basics. A mistake in transaction records could result in the franchisee or the franchisor being paid incorrectly. Once operating, the franchisee pays royalties each month, quarter, or year. Sometimes, the fee is a percentage of the net sales or a flat dollar amount. This necessitates tracking key metrics…
If you’re missing transactions in your personal records, add them and deduct the amount from your balance. If you’re finding withdrawals that aren’t listed on the bank statement, do some investigation. If it’s a missing check withdrawal, it’s possible that it hasn’t been cashed yet or wasn’t cashed by the statement deadline. How you choose…