Every strong and successful business relies on an efficient bookkeeping operation. You need reliable information data about your company finances from day to day so you can make confident, informed choices in the moment. You also need a smooth bookkeeping process that doesn’t distract you from more central work unless you can have someone else […]
For small business owners, bookkeeping is an essential task that somehow often falls to the bottom of the to-do list. However, it’s even more stressful during the holiday season. As an Etsy store owner, you’ll have a lot to think about as the holidays approach, such as your product offerings, product sales, marketing campaigns, and […]
Employees can essentially trust their employers to handle much of the regular work of bookkeeping for them. Their employer keeps track of their income, withholds wages to pay taxes, and then sends regular reports on all of that. Freelancers, on the other hand, are on their own. That’s why bookkeeping for freelancers is critical, even […]
Small business debt is something that affects businesses in every industry. When it’s challenging to pay several loans, consolidating your debt may seem like an appropriate option to manage debt over time. If you want to consolidate your small business debt, it’s critical that you know you have options to consider and things you should […]
No business can survive without bookkeeping, but few small business owners get excited about doing it. Instead, it’s one of those secondary considerations many entrepreneurs assume they’ll have to pick up along the way. And for many business owners, it continues to be an afterthought. You started your business because you had an idea and […]
Accounts payable is central to bookkeeping. It helps small business owners determine to whom they’ll pay debts, and it’s also helpful in noting the amounts on your balance sheet. While you may think accounts payable only refer to short-term debt, there are some valuable things you should know. Here’s what you should know about accounts […]
There are few documents more critical to small businesses than the invoice. Business owners will have difficulty running their business and making a profit without considering their invoicing system, especially if they offer a service. A company’s invoicing system serves as a tool to record how the revenue is appropriately collected in a small business […]
Double-entry bookkeeping is a system of bookkeeping that provides a more detailed view of your financial transactions at a glance. For those new to bookkeeping, double-entry bookkeeping can seem complex. We’ll break down what you need to know about it, how it works, and how it differs from single-entry bookkeeping. What is Double-Entry Bookkeeping? Double-entry […]
Debits and credits are an important part of organized bookkeeping. The two concepts work together so that bookkeepers can better manage their financial transactions. If you’re not accurately tracking your debits and credits, your accounting could get extremely messy and chaotic. Some differences between the two can affect how your small business conducts its bookkeeping. […]
Bookkeeping is one of the most important aspects of any small business. It is also important that you know the process, whether you work with a bookkeeper or do it yourself. There are pros and cons to each, and there are also things that you should know too. Here is what you should know about […]
