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 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 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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Small Business Accounting can be confusing which leads to many errors that can be subject to audit. Make sure the common errors stay out of your books. Continue reading “Small Business Accounting: The Common Errors Committed”
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”
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.
Continue reading “The Difference Between a Bookkeeper, an Accountant, and a CPA.”