The holiday season is over, and here we are ready to dive back into work. The start of a new year is the ideal opportunity for small business owners to establish more effective financial habits. Bookkeeping can often feel like a daunting task, but by creating resolutions and implementing efficient practices now, you can set your business up for success and reduce stress throughout the year. Here are a few bookkeeping tips to get your books in order and keep them that way for

Before the clock strikes midnight on December 31, you need to square away several accounting tasks. Your accounting books should be organized, up-to-date, and ready for the transition into a new year. Ready to start now? Utilize this time and prepare a year-end bookkeeping and accounting checklist. This checklist will not only help you in updating your company’s books and records but also set you up for starting off the next year on the right foot.   1.  Review Your Books   T

Petty cash is a convenient way to cover small, everyday business expenses like grabbing office supplies or paying for a quick delivery. Before you set up a petty cash fund for your business, you should understand how to keep it organized, and consider some modern alternatives.

Being an independent contractor has its perks. You're the boss, setting your own hours and enjoying a level of freedom that employees don’t have. However, it also means taking on the responsibility of handling your own financial matters, such as benefits, taxes, and retirement planning. In this blog, we’ll break down everything you need to know about managing your finances as an independent contractor, from tax responsibilities to best bookkeeping practices.

Managing finances can feel overwhelming. Whether you’re running a startup, managing a family budget, or growing a small business, keeping...

Big or small, having accurate financial records is crucial. Businesses may suffer severe financial and legal consequences if they don't have an appropriate record-keeping system. Accurate records keep firms organized and effective and allow them to make wise decisions based on solid information.

If you’re not giving cash flow management the attention it deserves, you could be putting your business at risk. Tracking cash flow isn’t as scary as it seems. Here are the top 5 hacks for improving your business cash flow

The days of using desktop software, bookkeeping spreadsheets, and manual data entry for accounting processes have long passed. If your organisation is still relying on such outdated methods to balance your books, you’re missing out on the many advantages of cloud accounting tools that have helped countless businesses streamline their processes, boost efficiency, and reduce expenses.

Expense tracking is an important aspect of managing a small business’s finances. It can help address cash flow problems. However, small businesses may struggle to track expenses if they don’t have a solid expense tracking system in place. They must be prepared to manage receipts and invoices, categorize transactions accurately, and reconcile accounts without errors.

Business owners can find themselves in a difficult situation when trying to switch over to new accounting software. There are many mistakes that can be made, so it’s important to make sure you’re aware of them.

Learn how to calculate and apply California sales tax to stay compliant and avoid penalties

Clean bookkeeping is crucial for small business owners as it provides a clear understanding of their financial health, facilitates...

In bookkeeping, FTE (Full-Time Equivalent) represents the total number of full-time hours worked by an organization, regardless of...

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Fake invoice scams are more prevalent in the business world than people assume. Small businesses are the most common targets for this

Maintaining and tracking your finances can be a hassle, especially if you have many transactions. Even if you outsource bookkeeping to...

Ensuring compliance with various reporting requirements and forms is crucial when preparing for year-end accounting and payroll.

Bookkeeping plays a pivotal role in predicting the financial future of a business and is also the backbone of a business’s financial...

For many small business owners, bookkeeping isn’t exactly their favorite task. If you want to crunch the numbers faster and return to the...

Every business can benefit from bookkeeping services since it’s an efficient way to stay organized, stay aware of all of your expenses,...