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If you're not immediately sold on Square, the company offers a 30-day free trial on free and paid plans and has generous hardware return policies. This isn’t just another list of industry averages—it’s an in-depth analysis of actual results from coffee shops nationwide. Whether you’re an investor, entrepreneur, or coffee shop owner, this post offers [...]

The CFOs at fast growing franchises or large brokerage firms that are growing thru mergers and acquisitions face the unique challenge of producing financials for multiple companies. Darwin.Cloud solves this problem by enabling separate financials for multiple companies in a single instance of the software. This allows finance professionals to work in all their companies [...]

ContentOther Types of Pro Forma Financial Statement TemplatesWhat is Pro Forma Income Statement?Business Plan Pro FormaHow to create pro forma statementsBusiness Plan Pro Forma Template and ExamplePro Forma Income Statements for New BusinessesWhy create pro forma statements? Sometimes, pro forma financial statements are simply altered or restated actual financial statements to show the impact of [...]

The payable is essentially a short-term IOU from one business to another business or entity. The other party would record the transaction as an increase to its accounts receivable in the same amount. Accounting departments or business owners must send invoices on time to avoid payment delays and ensure customers aren’t inconvenienced. They are also [...]

Last, businesses in the same industry can be contrasted using their debt ratios. It offers a comparison point to determine whether a company's debt levels are higher or lower than those of its competitors. As is the story with most financial ratios, you can take the calculation and compare it over time, against competitors, or [...]

Knowing how to reconcile in QuickBooks can help keep your account data as accurate and up to date as possible. Efficient bank reconciliation is another feature that sets QuickBooks Online apart. Business owners can link their bank account and credit/debit cards directly to the software, and transactions get updated in real-time. If your beginning balance [...]

In the interest of not messing up your books, it’s best to wait until the end of the year to delete old accounts. COAs are typically made up of five main accounts, with each having multiple subaccounts. Most QuickBooks Online plans, for example, support up to 250 accounts. The average small business shouldn't have to [...]

The cash flow statement complements the balance sheet and income statement. It is part of a public company's financial reporting requirements since 1987. Cash flows from financing (CFF) shows the net flows of cash used to fund the company and its capital. How to Create Positive Cash Flow Further assume that there were no investing or [...]

The discount is a percentage deduction from the list price of a product that the seller grants when the buyer purchases a large quantity. The idea is that the more products a customer buys, the greater the discount they will receive, encouraging them to buy even more products in the future. Some suppliers have catalogs [...]

Although they are handled significantly differently than employee wages, these withdrawals are undertaken for personal purposes. These withdrawals must be compared to the owner’s equity, thus it’s crucial to keep proper records of them. The definition of the drawing account includes assets, and not just money/cash, because money or cash or funds is a type [...]