Why Every Business Owner Should Do Monthly Accounting or Bookkeeping?
A. Why Do Some Business Owners Decide Not to Do Any Accounting or Bookkeeping Monthly? Running a business is no small feat. You’re juggling customers,…
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Five Core Reasons Bookkeeping is Important for Your Business
So what is bookkeeping? Do you need it or not? As a business owner you already know how important it is being organized on many…
Don’t Miss Any of These 5 E-commerce Accounting Essentials
You created a product, found a target market, and listed it on Amazon, Shopify, Etsy, eBay, or your own online store. You ran ads and…
Step 5: Revise and Optimize the Chart of Accounts
After all has been done, we are now in the last step of our 5 Step Bookkeeping setup. Organizing chart of accounts! Well, you can…
5 Amazing Apps for Amazon Sellers Accounting
One of the core challenges in Amazon accounting is growing up and scaling. When the transactions grow, you have higher order volume, you buy inventory…
Cash Basis vs Accrual Basis – Which One Do You Need?
The difference between cash basis and accrual basis accounting comes down to when you recognize income and expenses in relation to movement of cash. If…
Step 4: Run Reports, Analyze, and Revise
Now that all expenses and income transactions have been added to the books, it’s a good time to run reports and start analyzing! QUICK TOUR:…
Simple Effective 5-Step Bookkeeping Setup
What’s the perfect bookkeeping setup? Does it really exist? And why would you care to have one? Setting up the books is not an easy…
Top 5 Bookkeeping Mistakes Small Businesses Make
Bookkeeping can be tedious and time-consuming, for small business owners and medium sized businesses….sometimes it is not in their top list of priority and being…
Three Kinds of Bank Transfers and How to Handle Them
Bank transfer is one of the transactions that can become confusing for many people. Knowing how to properly handle them will help ensure a cleaner…