Despite the intangible nature of the service, a well-prepared invoice and receipt signify professionalism, trust, and commitment to client care in your massage therapy practice. As a massage therapist, you might be a master in various massage therapy types, but you might not be specialized in sending professional and detailed [...]

Now, here’s where things get a tad more formal (don’t worry, we’ll keep it light). Liabilities need to be reported according to accepted accounting principles—think of them as the rules of the financial road. The most common standards are the International Financial Reporting Standards (IFRS), used in many countries worldwide, [...]

For example, Rule 1.15 of the ABA’s Model Rules of Professional Conduct outlines key responsibilities for lawyers with regards to holding funds in trust, recordkeeping, and notifying clients of the receipt of funds or property. With Clio Accounting, you can effortlessly manage your trust bank accounts and transactions and conduct [...]

Therefore, choosing accounting software that integrates with various add-ons is crucial. These integrations can expand the software’s primary functionality to cater to the unique needs of the consulting business. After testing, we concluded that Zoho Books works best for independent consultants or consulting firms with up to 10 employees. We [...]

Accurate forecast models directly impact strategic planning, resource allocation, and investor confidence. With the help of forecasting models comparison, the most successful finance professionals understand that different situations call for various forecasting approaches. Each forecasting method brings unique strengths to the table, but selecting the optimal approach depends on several [...]

Stripe’s guide on accounting for startups offers helpful advice on setting up your financial systems. If you are running a SaaS startup, and you sell a 12-month contract to a client for $120,000 in January, on a cash basis you record $120,000 and that’s it. You don’t get any more [...]