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Tips for Managing Petty Cash Efficiently
Managing petty cash might seem like a small task, but it's crucial to handle it carefully to avoid...
The Importance of Bank Reconciliation: Keeping Your Books in Balance
As a business owner, maintaining accurate financial records is crucial. One of the...
Why You Should Have Both an Accountant and a Bookkeeper
Having both an accountant and a bookkeeper for your business may seem redundant at first glance,...
Bookkeeping for Nonprofits-An Overview
It may be frightening to keep books, but not necessarily. When you know the basics and have good...
How to Create and Maintain a Chart of Accounts for Your Business
As a business owner, you should maintain an organized system for tracking your financial...
The Basics of Double-Entry Bookkeeping: A Beginner’s Guide
This guide for beginners will break down the essentials of double-entry bookkeeping into simple,...
Understanding Accruals and Deferrals: Managing Timing Differences in Bookkeeping
Accruals and deferrals are used to allocate revenues to the appropriate accounting...
Bookkeeping for E-Commerce Businesses: Unique Challenges and Solutions
E-commerce entrepreneurs understand the unique challenges faced by businesses when it comes to...
Bookkeeping Tips for Managing Personal Debt: Tracking Loans and Credit Card Balances
By implementing a few simple bookkeeping strategies, you can gain control of your finances....
The Role of Bookkeeping in Achieving Personal Savings Goals
For you to reach your personal savings goals, it's important to create and maintain an efficient...
Bookkeeping Tips for Solopreneurs and One-Person Businesses
As a one-person business, you wear many hats. Even though it can be dull and repetitive, keeping...
Best Practices for Tracking and Categorizing Expenses
If you are a business person, monitoring your spending is key to proper financial management. It...
Accrual versus cash basis- which is right for my business?
Deciding between accrual or cash-based accounting can be a big deal for your business....
Family Finance: Mastering the Art of Home Bookkeeping
Navigating family finances effectively is a vital skill, and mastering the art of home bookkeeping...
Best tips to keep accurate records
Accurate record-keeping is vital for any business, large or small. It involves more than just...
Harnessing Your Finances with ADHD: A Pragmatic Approach
Navigating the financial landscape with ADHD isn't just about crunching numbers; it involves a...
How to Enter PayPal Currency Conversions Into QBO
Note: you will need to activate multi-currency within QBO, add foreign currencies within QBO,...
The Basics of Budgeting: A Step-by-Step Guide
Tracking what comes in and what goes out, and then organizing it all, allows you to fine-tune your...
Saving Money: Simple Strategy For Everyday Life
Saving money. Easier said than done, right? Between the daily grind, social lives, and unexpected...
Small Business Accounting Tips for Entrepreneurs
When you're starting up a business, it's often tempting to cut corners. This is especially true...
The Role of Bookkeeping in Business Success
Bookkeeping is the process of recording and organizing your business's financial transactions....
How to Create a Budget That Works for You
A budget allows you to look at your spending realistically and make adjustments so you’re living...
7 Essential Personal Finance Tips for Beginners
Getting your financial house in order can be tough when you're just starting out, but it's easy to...
What are the Top 5 Expenses for Small Businesses?
You need to be aware of numerous financial obligations as an entrepreneur beginning your own small...
What are the Top 5 Expenses for Households?
Knowing where your money goes each month can enable you to identify unnecessary spending and...
Best Bookkeeping Practices as a Nonprofit Organization
While starting a nonprofit can be gratifying, it also poses significant challenges. In this...
Bookkeeping for Your Etsy Shop
So, you've just started your Etsy shop, and you have a lot of finances to manage. You probably...
What are estimated taxes?
If you gain money that is not automatically taxed, including self-employment income, you may need...
What is GAAP and Why Is It Important?
Generally Accepted Accounting Principles (GAAP) are the standard framework of guidelines for...
YNAB(app) for Personal Finances
The budgeting tool You Need a Budget or YNAB promises to revolutionize how you manage your...
What is a 1099 contractor?
Form 1099 is the form used to report payments to individuals not covered by a payroll tax or...
What is a W2 employee?
When hiring workers, businesses have to choose between W2 employees and independent contractors....
Mint(app) for Personal Finances
If you care about your personal finances, you understand how crucial it is to monitor your budget...
What Every Small Business Owner Needs to Know About Cash Accounting
Are you tired of poring over confusing balance sheets and income statements just to understand...
Bookkeeping for Shopify sellers
It may seem odd to think of the world as a small place. However, it is amazing how connected we...
Budgeting techniques for personal finances
Budgeting is a way to organize one's finances in order to know how much money is spent, how much...
Partnerships in a Nutshell
In the U.S., a partnership is a type of unincorporated business with two or more partners who...
S corps in a nutshell
Are you wondering what S Corporations are and how they are taxed differently than other...
C corps in a nutshell
Currently, the most common business structure in the United States is known as a C corporation or...
Sole proprietorships in a nutshell
A sole proprietorship is an unincorporated business owned and run by one individual. Although sole...
Techniques to Tackle Credit Card Debt
Credit card debt is a serious issue that can lead to financial ruin if not dealt with properly....
How to Streamline Your Restaurant’s Receipt and Invoice Processing
If you're like most restaurant owners, you know that streamlining your receipt and invoice...
4 Bookkeeping Tips for a Stress-Free Holiday Season
The holiday months can be a hectic time for many small business owners. With regular business...
QuickBooks Online Phone App for Small Businesses
QuickBooks Online (QBO) is a platform that allows small business owners to manage their financial...
The Unsung Hero of the Numbers Game: The Daily Money Manager
In a world of ever-changing financial rules and regulations, one professional has remained a...
Quickbooks Desktop v. Quickbooks Online
When Quickbooks first hit the market it was a desktop-only product. You would purchase the...
Understanding the P&L
The P&L statement is the starting point for any business owner who wants to grow and succeed....
Why is Hiring a Bookkeeping Company Beneficial?
Handling the accounts or keeping the records of the financial aspects of your business is a...
Bookkeeping Basics for Small Businesses
Bookkeeping is a job that requires extra attention, carefulness, and accuracy, as a minor mistake...
How can Small Business Owners Simplify their Accounting?
Monitoring accounts can be challenging in both small and large businesses. One of the challenges...
Role of a Personal Finance Bookkeeper to Manage your Family’s Finances
Are you finding it challenging to maintain your family’s finances? Effective family finance...
How do I Stick to a Budget?
Sticking to a budget is something that many people struggle with. However, once you figure out how...
Things to know about bookkeeping and accounting services
Tired of managing the financial aspects of your business? Hiring a bookkeeper can be a vital...
Best Online Bookkeeping Services for Small Businesses
For any kind of business, maintaining digitized financial records should be a high priority....
Profit and Loss versus Balance Sheet
In business, you’re likely thinking of your profits and the overall health of your business quite...
Assets, Liabilities, and Equity
You’ve probably heard the terms asset, liability, and equity thrown around, but if you don’t know...
Benefits of Hiring a Virtual Bookkeeper
Hiring a bookkeeper can seem like a daunting task, but so many business owners are realizing that...
Personal Bookkeeping
Also known as household bookkeeping, household finance bookkeeping, or personal finance...
QBO Bank Feeds: Add, Transfer, or Match?
When working in the bank feeds in QBO, it can be a bit overwhelming to see all the options...
Mr. Kitty’s #1 Recommendation: Bank Reconciliation
What is bank reconciliation? Bank reconciliation is when you compare your bookkeeping records to...
The Difference Between Sales Receipts and Invoices
What is the Difference Between a Sales Receipt and an Invoice in Bookkeeping? Many times in...
What Information Does my Bookkeeper Need from Me?
In the process of hiring a bookkeeper, you should keep in mind that even when they’re on board,...
The Difference Between Bookkeepers and Accountants
One of the first responsibilities that small business owners tend to delegate is that of keeping...
