Bookkeeping is not hard. Tedious maybe, time-consuming, yes. However, if one does small routines over time, big things happen. One such advantage is the little time it takes to wrap your books for the year. Books that have been kept all year with weekly, monthly, and quarterly tasks require very little for year-end processing. Typically, …
July 18, 2021 With more of my clients (finally) going out of town on a vacation instead of the “stayations” of 2020, they are taking an opportunity to separate from their business. This is not only well-deserved, but it is also necessary. As owners, work-life balance is crucial; it is too easy to eat, sleep …
The real question is which is most appropriate to your business! Both have value in the right situation. Cash basis accounting is best used for personal finance and microbusinesses. This is the method that chronicles transactions as they occur. No invoices are recorded until they are paid, no bills are documented until the money is …
June 22, 2021 If you are the owner of a roofing company, chances are you didn’t start the company so you could manage your own books. There are some things to consider when hiring a bookkeeper, if you don’t already have one. Taxes and Legal Information All businesses have taxes, and this is one of …
By Profit & Equity, LLC June 13, 2021 You know what you know. Because you can look at a receipt and immediately remember that you got a check from Sally Service, doesn’t mean you remember that you forgot to enter the payment on the invoice. Later you remember getting the check from Sally as you …
