Accounting, Bookkeeping & Tax Blog

Your small business resource for accounting, bookkeeping, and taxes from our experts.
what-is-chart-accounts

What is a Chart of Accounts & Why Is It Important

A chart of accounts is an excellent way for you to see your company’s finances. It provides small business owners with a strategy to see their transactions arranged in several categories. You should know a few things before creating a chart of accounts, especially if you’ll ever plan on adjusting it. Here is what you […]

what-is-bank-reconciliation

Bookkeeping 101: What is Bank Reconciliation?

Bank reconciliation is a useful tool for both external and internal financial records. It can assist you in significant ways to protect your finances. It can also help you determine whether there are errors in your transactions and, if so, how you can correct them. However, there are two things that you should know about […]

bookkeeping-101-what-is-an-income-statement

Bookkeeping 101: What Is an Income Statement?

An income statement can help your business and budget. It’s a helpful tool to monitor your spending and figure out how to allocate money. If you’ve never made an income statement before, don’t sweat it. We’re here to walk you through everything you need to know to get you started on the right track.  What […]

bookkeeping-101-what-is-a-balance-sheet

Bookkeeping 101: What Is a Balance Sheet?

A balance sheet is an essential tool for businesses of all sizes as it tracks how your business earns and spends money over a certain period. Your balance sheet also gives investors and potential investors insight into your company’s operations. Before you create your balance sheet, here are a few helpful things to know.  What […]

are-you-wasting-time-on-small-business-bookkeeping

Are You Wasting Time on Small Business Bookkeeping?

Even the smallest of small businesses have bookkeeping and accounting needs. Small business owners need basic bookkeeping to keep track of income and expenses. It’s essential for filing taxes, but bookkeeping also gives you essential information for business decisions. How are you planning to expand? How many new staff members can you afford?  Bookkeeping gives […]

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7 Bookkeeping Hacks from the Pros

Taking responsibility for bookkeeping in your small business can be a stressful and quickly overwhelming step. It can easily get out of control if you’re not vigilant, and sometimes it’s even hard to know where to begin.  Recording the basic flows of money in and out of your business and reconciling different accounts is essential […]

bookkeeping-101-keep-good-financial-records

Bookkeeping 101: How to Keep Good Financial Records

If there’s one thing that small business owners and entrepreneurs need to know right off the bat – it’s how to maintain their records. Sloppy financial records can spell disaster for small businesses. If you can’t keep up with your books, you’ll find yourself in trouble further down the line if you ever run into […]