Accounts Receivable: The Devil’s in the Details

For the most part, the biggest concerns we have with accounts receivable invoices are whether the invoices are getting sent out in a timely manner and are we receiving payment on them in a timely manner as well. Overall, these are the two items that matter most to our business. But there are some smaller details related to our accounts receivable billing that we need to pay attention to as well.

When a bill is sent out to a client, there will generally be some sort of description on the invoice. In some cases, it is very detailed and specific. In other cases, the description will be very general and lacking in detail. Another issue with billing descriptions comes when the description on the invoice does not accurately reflect the product that was sold.

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3 of the Biggest Causes of Financial Problems in Business – Part 2

It takes a lot of work – as well as some risk – to get a business off the ground. The risks include things like getting enough money to run the business, extending credit to customers so they can buy now and pay later, and buying things you can use to help your business grow. These risks are necessary but they can also hurt your business. In a previous blog post we listed these three financial challenges and explained them briefly. Today, we’ll give some ideas to manage them and remove some of the risk.

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Making FreshBooks work with QuickBooks and vice versa – Part 2

Part 1: Dealing with Income – Continued (Part 2)

QuickBooks is an accounting application and FreshBooks is an invoicing application. They are two different things, but in the end to have your data matching in both, there could be a ton of double entry resulting in valuable time consumed and strenuous effort.

You can have your data accurate in both, while not matching in both. Matching and accuracy are two different things. For all of the numbers to match up, it is a matter of accuracy. To have all of the details such as sales items etc. it would be a matter of matching.

In this blog post, I will begin to show you ways to get accurate data from FreshBooks into QuickBooks.

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Making FreshBooks work with QuickBooks and vice versa

Part 1: Dealing with Income

QuickBooks is an accounting application and FreshBooks is an invoicing application. They are two different things, but in the end to have your data matching in both, there could be a ton of double entry resulting in valuable time consumed and strenuous effort.

You can have your data accurate in both, while not matching in both. Matching and accuracy are two different things. For all of the numbers to match up, it is a matter of accuracy. To have all of the details such as sales items etc. it would be a matter of matching.

In this blog post, I will begin to show you ways to get accurate data from FreshBooks into QuickBooks.

Read More »