The first step in effective bookkeeping is staying organized. Considering all of the documents that you need to store and prepare, keeping it all organized will save you a lot of time and effort in the long run. It can also cut down on errors that could potentially cost your business a great deal in… Read more »
If you want a successful business, you need to have good finances. It’s a point that’s so obvious it likely doesn’t need saying, but while people are well aware of this fact, they are not aware of what they can do to make it a reality. Too many businesses fold because of poor bookkeeping practices… Read more »
Your business has likely collected a lot of financial records over the years. So much so that you’re likely wondering—when can I throw this all away? This is a normal question to ask, and it can be tempting to throw it away at the end of each financial year. Nevertheless, while there are huge differences… Read more »
As a small business, you’ll likely have several forms, sheets, reports, and statements concerning your finances. Two reports that you’ll likely be dealing with are trial balances and balance sheets. Both of these are essential to understanding your finances, but there are many business owners who don’t understand the differences. Trial Balance Simply put, a… Read more »
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