Accounting | CRM and DMS Software

Overpayments & Underpayments From Suppliers

September 20, 2012September 20, 2012Kevin Stevenett

Supplier receivables in Lizzy’s Business Management System ( BMS ) consist of Refunds, Warranties, Rebates, Holdbacks, and Bid Assists, and they all get created in the Receivables section from various…More…Overpayments & Underpayments From Suppliers

Accounting FAQ

Why does Report X Not match my P&L Report???

August 20, 2012September 13, 2012Glenn Hancock

I would like to take some time to explain to everyone why the P&L and Sales Tax reports that you think should balance – won’t balance. I would like to…More…Why does Report X Not match my P&L Report???

Accounting FAQ

Assets & Depreciation

June 7, 2012September 13, 2012Glenn Hancock

Currently, Lizzy has no tracking of Fixed Assets capabilities. ( We are looking into changing that in the coming months. ) But for now, this is an instructional look at…More…Assets & Depreciation

Accounting FAQ

Owner’s Equity / Retained Earnings, Beginning Balances, Accounting, and Lizzy…

October 4, 2011July 28, 2015Glenn Hancock

One of the confusing things with Lizzy is when you are told to make adjustments to your Owner’s Equity/Retained Earnings account. And it will never fail to throw your accountant…More…Owner’s Equity / Retained Earnings, Beginning Balances, Accounting, and Lizzy…

Accounting Accounting Business FAQ

Cash Basis vs Accrual Basis

September 28, 2011October 29, 2012Glenn Hancock

How does Lizzy handle her accounting? The answer to that is that she runs an Accrual Accounting Basis, with a slight exception regarding invoicing. First – why Accrual Basis? Well…More…Cash Basis vs Accrual Basis