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 »
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 »