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Money and accounting

Practical answers to the money questions of a company: where it goes, why profit differs from cash, and how to close the month and collect on time.

Why should depreciation be posted on its date, not all at once?

Why should depreciation be posted on its date, not all at once?

You bought a delivery van and the books already show depreciation for months still to come. Why each entry belongs to its own month, and how the system handles it.

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What are accounting journals, and when do I need a new one?

What are accounting journals, and when do I need a new one?

The company opened a second bank account and its lines mixed with the first. What journals are, when to add one, and when a new journal is just clutter.

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How do I read the chart of accounts and see where every amount goes?

How do I read the chart of accounts and see where every amount goes?

A long list of codes and names only the accountant understands. How to read the chart of accounts in balance sheet order and find any account and its balance in seconds.

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How do I see where my company's money stands in one minute each morning?

How do I see where my company's money stands in one minute each morning?

Every morning you ask the accountant: how much is in the bank, who is late, what do we pay this week? The finance page answers before you ask, with one button per next step.

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What is the suspense account, and why must it reach zero before I close the month?

What is the suspense account, and why must it reach zero before I close the month?

Money reached the bank, nobody knows from where, and it sits in suspense. How a finance manager sees what is unmatched and closes the month on true figures.

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How do I match my bank statement with invoices in minutes, not a whole day?

How do I match my bank statement with invoices in minutes, not a whole day?

Matching the bank statement line by line takes a day. The reconciliation screen suggests the invoice for each transaction and settles exact matches at once.

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How do I know my monthly recurring income and why customers stop?

How do I know my monthly recurring income and why customers stop?

One report brings together what is active, recurring income and stop reasons, with filters by period, service, plan, duration and status, plus Excel export.

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How do I send the invoice to a customer ahead of its date automatically?

How do I send the invoice to a customer ahead of its date automatically?

Set the days per duration and a normal invoice is issued in Accounting and reaches the customer with a PDF and a payment link, then a reminder if unpaid.

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How do I follow installment cheques and late fees?

How do I follow installment cheques and late fees?

A cheque number on each installment invoice, a due reminder, and a late fee worked out once for those actually late, with no side ledger.

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When do I record revenue on a property unit, and what is the delivery entry?

When do I record revenue on a property unit, and what is the delivery entry?

Down payments and installments before delivery are often a liability. Here is how one entry closes advances and deferred revenue on delivery.

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How do you print invoices on your own letterhead?

How do you print invoices on your own letterhead?

Upload your header and footer as two images and they show on invoices, quotations and everything you print, whichever layout you choose.

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Why does my company show a profit when there is no cash?

Why does my company show a profit when there is no cash?

Profit in a report is not money in the bank. See where your profit goes: customer debts, stock on shelves, loan payments, and how clear reports show it.

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How do I know where my company's money goes every month?

How do I know where my company's money goes every month?

Your bank balance tells you what is left, not where it went. Clear expense categories, recorded purchases and payroll, and a profit and loss you can read in twenty minutes.

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How do I see what customers owe and collect it on time?

How do I see what customers owe and collect it on time?

Unpaid invoices and customers who promise, then pay late. Here is how to see who owes you, how much and since when, and chase each invoice on its due date.

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How do I choose the right accounting software for my company?

How do I choose the right accounting software for my company?

A practical checklist before you pay: Arabic, e-invoicing for your country, links to sales and stock, reports and export, access from anywhere, and a trial with real data.

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How do I close the month's accounts in days instead of weeks?

How do I close the month's accounts in days instead of weeks?

Month-end close taking weeks? A practical checklist: record invoices at the source, reconcile the bank as you go, and pull financial reports in PDF and Excel from one ERP.

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How to find the real cost of a product in your factory

How to find the real cost of a product in your factory

A product's cost isn't just materials. Scrap, labor and overhead move the number more than you'd think.

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