Author: Danielle Bauter
Which Is Best for Small Businesses?
The main difference between HoneyBook vs QuickBooks is the primary need they cater to. While HoneyBook is an all-in-one client and business management platform designed specifically for service-based businesses, QuickBooks is primarily accounting software, focusing on financial management. Rather than choosing one over the other, consider integrating HoneyBook with QuickBooks to combine the strength of…
What Is Fixed Asset Impairment in Accounting?
Fixed asset impairment is a reduction in the value of a long-term fixed asset (like property, plant, or equipment) when its book value exceeds its recoverable amount. This reflects a decrease in the asset’s future economic benefits. Impairment can happen due to various reasons, such as physical damage, economic downturns, obsolescence, and changes in business…