Late payers can be the bane of any small business which is why it’s so important to stay on top of the accounts. Running a small business can be difficult at the best of times, but when you start dealing with late payers it can feel almost impossible. That’s why it’s hard to overstate the […]
The Ultimate Guide to Online Bookkeeping: Managing Your Finances in the Cloud
Table of Contents: Introduction to Online Bookkeeping Benefits of Online Bookkeeping Accessibility and Flexibility Enhanced Security Features Integration with Business Tools Choosing the Right Online Bookkeeping Software Key Features to Look For Popular Online Bookkeeping Tools How to Transition to Online Bookkeeping Steps to Get Started Data Migration Tips Training Your Team Best Practices for […]
6 QuickBooks Online Accounting Tips
QuickBooks is an extremely versatile and flexible accounting software. Millions of small business owners all around the world use the app for bookkeeping. Many bookkeeping service providers also use the accounting app to record transactions. But learning the ins and outs of this accounting software may take some time. Here we will share some tips for […]
Year-end Accounting Tips for Small Businesses
It is the most wonderful time of the year again, time for holidays, parties, sparking light, and decorations. With holidays just around the corner, this could be the busiest time of the fiscal year, especially if you are a small business owner. This wonderful time of the year can quickly turn into a nightmare of […]
Accounting for Non-Profits and Charities
Accounting for non-profits and charity organizations is somewhat different from accounting for the typical for-profit business. Nonprofit organizations mostly rely on donations and grants to finance activities. They are required to submit earnings and expenses similar to for-profit organizations. The aim of preparing financial statements is to ensure full financial transparency for the donors and […]
What is Process Costing: A Beginner’s Guide
A lot of business owners get confused by the process costing method. Process costing is a bookkeeping method that involves assigning costs to similar products. The method is used when products are produced in a large batch. In this blog post, we will explain the costing method using examples. After reading the post, you will […]
Accounting with Excel for Small Business Owners
Excel is the preferred tool of choice for many small business owners. This spreadsheet software can be used for basic bookkeeping tasks as well as complex data management. A survey report found that about 69 percent of small businesses rely on Excel for accounting purposes. The app can process a large amount of data. It can also present data in […]
Accounting/Bookkeeping Best Practices for e-Commerce Firms
Every online business owner needs to keep tabs on how the business is performing financially. This is possible through efficient bookkeeping services. Keeping accounting records will allow you to easily pull up data to know about the financial position of your company. In this blog guest, you will know accounting best practices for online businesses. […]
What is Owner’s Equity in Balance Sheet?
An important yet often misunderstood section of a balance sheet is the owner’s equity. It refers to the amount invested by the owners in the company. The term is mostly used for sole ownership and partnership business. For registered companies that are structured as a corporation or LLC, the appropriate term is shareholder’s equity. In […]
4 Ways a Bookkeeping Company Helps Your Business Grow
If your small or medium size company is trying to expand into new markets or increase production, it can place a greater demand on your accounting staff. In fact, at some point, you may need more help, but there’s no need to hire additional staff. Instead, you can hire a trusted and dependable bookkeeping company […]