Smart Expense Management for Small Business

Record multiple expenses for a vendor

In Flare, expense management for small business is easy and doesn’t require financial management knowledge. Flare Cloud Accounting has several features that allow you to record and track expenses.  You can record expenses by vendor one by one, or record expenses in bulk by vendor with Flare’s convenient expense input form. Once recorded, you can view overviews of expenses in the Profit & Loss Statement, or,  view expenses by chart of accounts category in the Transaction Details report (general ledger). For small businesses, two of Flare’s most powerful expense recording and tracking features are the expense form and the vendor module. Read more

Balancing a Cash Register the Easy Way!

If you run a small retail operation, you are all too familiar with the amount of work involved in balancing a cash register. For many retailers, this process is largely manual and sometimes full of duplicated effort. You must count cash sales, sales on credit, cash expenses and other cash outflows and manually balance each register at the end of a shift. Once that’s done, the information must be entered into a daily cash register summary and provided to an accountant or bookkeeper who then has to enter this information into your business’s accounting system. Phew! If you have several cash registers, the amount of time and effort performing daily cash register balancing can be significant. There is an easier way…Flare’s cash register report feature! Read more