There are a lot of costs bookkeeping needs to take care of. If we try to classify them, either by their nature, behaviour or control ability, we will come up with more common terms: direct costs vs indirect costs, fixed costs vs variable costs, and the ones that are more or less controllable.
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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)”
If you are a business owner you probably already asked yourself what is the difference between a Bookkeeper, an Accountant, and a CPA and which might your small business need? Read more to find out the answer.
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