by cmehnert01 | Dec 19, 2024 | Small business bookkeeping
As 2024 draws to a close, it’s the perfect time for business owners to take a deep breath and begin preparing for the year ahead. One of the most important tasks on your year-end checklist is wrapping up your bookkeeping. Properly closing out your books ensures that...
by cmehnert01 | Dec 6, 2024 | Small business bookkeeping
As an entrepreneur managing your own side business, you know that keeping accurate financial records is critical. Although bookkeeping may not be the most glamorous aspect of running your company, it is essential for tracking income and expenses, preparing taxes, and...
by cmehnert01 | Nov 21, 2024 | Small business bookkeeping
Running a service-based business comes with its own set of bookkeeping challenges. Unlike businesses that sell physical products, you offer services that clients often renew regularly. This means you need to pay extra attention to detail to keep your financial records...
by cmehnert01 | Nov 5, 2024 | Small business bookkeeping
Deciding between cash and accrual accounting can significantly impact your business operations and financial reporting. This guide will help you understand the advantages and disadvantages of each method so you can make an informed choice for your small business....
by cmehnert01 | Oct 23, 2024 | Small business bookkeeping
Assets Assets are resources owned by a business that have future economic value. This includes cash, accounts receivable, inventory, equipment, and property. Assets are listed on the balance sheet and are used to generate revenue. Liabilities Liabilities are...
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