Bank reconciliations are a great way to double check your books. It provides accuracy and completeness, allowing management to have a true picture of the business.
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Cost of Bookkeeping and Accounting
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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Bookkeeping, QuickBooks®, & Tax: Glossary/Definition of Terms
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”
Bookkeeping is necessary every month. Don’t just wait until tax season.
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.
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What ALOE Stands For (Assets, Liabilities, Owner’s Equity)
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)”
Seven Deadly Sins of Small Business Bookkeeping & Accounting
Avoid sending your small business into a downward spiral by committing these bookkeeping deadly sins. Accounting procedures are crucial to the life and success of any small business, make sure these sins are avoided in your business. Continue reading “Seven Deadly Sins of Small Business Bookkeeping & Accounting”
The Difference Between a Bookkeeper, an Accountant, and a CPA.
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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Small Business Bookkeeping Is Important For Success
The 6 items you need for small business bookkeeping. Continue reading “Small Business Bookkeeping Is Important For Success”
How to do Self-Employed Bookkeeping for Freelancers & Independent Contractors
Self-employed bookkeeping can be confusing, this guide should help you out.
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How Remote Bookkeeping and Accounting Services Can Solve Your Biggest Problems
Bet you didn’t know remote bookkeeping and accounting services could solve your biggest problems.
Whether you do freelancing work, are self-employed, or run a small business, it takes a lot of time and effort. I’m sure we all remember the day when we decided to stop working for the man and to be our own boss. Since that day, there have probably been both some good times when business thrived, and some challenging times where it seemed like you made the wrong decision. Although it can be tough, remote bookkeeping and accounting services could lighten your load and make these biggest problems a little easier. Continue reading “How Remote Bookkeeping and Accounting Services Can Solve Your Biggest Problems”