Understanding accounts receivable is an essential aspect of your business’s finances and payment terms. Accounts receivable are legally enforceable claims for payment held by a company for goods supplied or services rendered that customers/clients have ordered but haven’t yet been paid for. What is Accounts Receivable? Accounts receivable is goods, money, or services owed to […]
The question, “How do you keep records for small businesses?” often confuses many business owners. It is not typically associated with the idea of business operation. However, small business bookkeeping, recordkeeping, and their intricacies can yield significant benefits for small business owners. Here is what you should know about bookkeeping and recordkeeping and why you […]
Truckers have a lot on their plates. Between long-haul deliveries, managing their schedules, and maintaining their vehicles, there isn’t always much time to dedicate to bookkeeping. However, bookkeeping for truckers is just as important as it is for independent contractors in other industries. The bookkeeping process is very detailed, requiring you to have your documents, […]
Bookkeeping is a practical way to keep track of your business and make sure that your business is still within its budget. Every transaction that occurs will affect how your business allocates its finances. Using a spreadsheet allows you to see all of your transactions in one place. There are a few things to consider, […]
Bookkeeping has several benefits for small business owners. It can help you track your company’s profits or losses, and it can also help you remain organized. Thorough bookkeeping comes in handy if the IRS audits your company. If you are interested in bookkeeping, you’ll need to first know why it is important, and you’ll need […]
As backward as it sounds – it takes money to make money. Starting a business and keeping it running means keeping a healthy flow of money into and out of your business. You can’t be afraid to spend money and invest in the future, but you don’t want to spend too much money you don’t […]
Online Sellers Have Less Than 30 Days to Find a Bookkeeping Alternative GoDaddy bookkeeping clients recently received a surprising notice from the web hosting company: GoDaddy will permanently retire its online bookkeeping software. The news comes as quite a shock, especially to eBay sellers and other e-commerce business owners who have long depended on the […]
Bookkeeping is one of the most vital duties for Amazon sellers. There are ways you can implement bookkeeping to comply with tax regulations and tax rules. Whether you’re a veteran Amazon seller or are new to the eCommerce platform, you’ll want to keep organized and methodical bookkeeping a priority throughout your career as a seller. […]
As you look to grow your business, you may ask yourself ‘What does a bookkeeper do?‘ Small businesses of any size can benefit from working with a bookkeeper. Bookkeepers carry out essential duties that keep the business running smoothly. These duties ensure businesses can comply with different laws, policies, and regulations — especially when it […]
Bookkeeping is an essential part of small business operations. It plays a significant role in keeping your small business finances organized and is especially helpful come tax time. Bookkeeping has benefits for beginners, but learning the basics of bookkeeping may help you save time and money. Here are the basics of bookkeeping for beginners, which […]
