Category: Bookkeeping

  • ADP Run vs QuickBooks Payroll: Compare Top Providers

    Yes, most companies use ADP as ADP is one of the biggest providers of HR solutions and it stands for Automatic Data Processing. Known for its advanced payroll technology, Automatic Data Processing aka ADP can now be blissfully integrated with Intuit‘s QuickBooks platform. If you are using Intuit payroll service for QuickBooks, you are pretty…

  • Integrate QuickBooks Time and ADP Workforce Now

    The time and effort saved through this integration can be redirected towards other essential business activities, fostering operational agility and growth. By connecting ADP to QuickBooks Online, the payroll process is automated, streamlining payroll management, and reducing manual intervention for enhanced efficiency. Once the integration between ADP and QuickBooks Online is set up, the next…

  • ADP Workforce Now and QuickBooks Online Integrations ADP Workforce Now and QuickBooks Online Connectors and Automation

    Through automation, time-consuming tasks such as data entry, calculating taxes, and generating reports are efficiently handled, freeing up valuable time for HR and finance teams to focus on strategic initiatives. By mapping the employee data fields between ADP and QuickBooks Online, you ensure that employee information, such as hours worked and wages, is accurately transferred.…

  • SaaS Quickbook Chart of Accounts Setup Guide

    Failure to follow these principles and standards can leave your business open to inaccurate financial health status and forecasts, which for the most part is destructive. You can sometimes get away with coding different product revenue to different GL accounts. We at freecashflow.io saas accounting are an agency that focuses on helping online business owners…

  • The Principles of SaaS Accounting

    The primary difference between the two is when sales revenue is recorded in the income statement. Since you are yet to provide the products or services, you cannot record the payment received as revenue in your financial statements. This is unearned revenue and this is recorded as a liability in your balance sheet. A proper…

  • Streamline Your SaaS Business Finances with a Chart of Accounts AI

    It’s common and quite necessary in order to produce actionable financial statements and metrics. The general ledger is where your accountant or bookkeeper records the debits and credits. It contains the history of your financial transactions and forms the basis of your financial statements. I’ve received quite a few requests about a sample chart of…

  • Cash Flow From Investing Activities Explained: Types and Examples

    Operating activities are distinguished from investing or financing activities, which are functions of a company not directly related to the provision of goods and services. Instead, financing and investing activities help the company function optimally over the longer term. This means that the issuance of stock or bonds by a company are not counted as…

  • What Are Operating Activities in a Business?

    The net cash flows generated from investing activities were $46.6 billion for the period ending June 29, 2019. Overall Apple had a positive cash flow from investing activity despite spending nearly $8 billion on new property, plant, and equipment. The three sections of Apple’s statement of cash flows are listed with operating activities at the…

  • What is cash from operating activities?

    Cash flows related to changes in equity can beidentified on the Statement of Stockholder’s Equity, and cash flowsrelated to long-term liabilities can be identified by changes inlong-term liabilities on the balance sheet. Cash flows from financing activities are cash transactions related to the business raising money from debt or stock, or repaying that debt. Cash…

  • What Is a Balance Sheet? Definition, Explanation and Format Examples

    It reveals the company’s leverage and debt obligations, aiding in evaluating its ability to meet financial commitments. This, in turn, informs investment decisions and helps mitigate financial risks. Balance sheets are invaluable when it comes to evaluating investment opportunities. Enter the details of your current fixed and long-term assets and your current and long-term liabilities.…