Bookkeeping is essential for any small business or self-employed business throughout the year. It’s really necessary every month. There are many benefits of staying on top of your bookkeeping/accounting and not making it just a ‘tax season panic’ activity.
Continue reading “Bookkeeping is necessary every month. Don’t just wait until tax season.”
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)”