Bookkeeping, QuickBooks®, & Tax: Glossary/Definition of Terms

Bookkeeping-Glossary

Bookkeeping is confusing for business owners who didn’t major in accounting. This glossary of terms will help out with some key bookkeeping, QuickBooks, & Tax terminology. This list will evolve over time, so feel free to ask questions below that we can respond to! Also, check out our separate accounting definition of terms. Continue reading “Bookkeeping, QuickBooks®, & Tax: Glossary/Definition of Terms”

What ALOE Stands For (Assets, Liabilities, Owner’s Equity)

ALOE-plant-assets

The name ALOEwerx comes from the basic accounting equation: Assets – Liabilities = Owner’s Equity. These are the basic elements of the balance sheet that all your accounts fit into. The equation must balance for your books to be correct. Now, if you’re not an accountant, this still might not describe what ALOE truly is. Continue reading “What ALOE Stands For (Assets, Liabilities, Owner’s Equity)”

How To Start Your Freelance Journey

Freelance Journey

Picture this: no more 9 to 5, no more commuting into the office everyday,Freelance avoid traffic no more traffic on your drive to work, no more depressing working conditions, and you are in charge of yourself. This sounds nice, but starting a freelance practice isn’t quite this easy. It can be a difficult road and without anyone to bounce ideas off, you might find yourself stuck. Using this guide can make it a little simpler. Continue reading “How To Start Your Freelance Journey”