The Impact of Technology on Modern Bookkeeping Practices
Technology impacts every single area of life. So, we should expect to find changes in how bookkeeping practices evolve. Bookkeeping was...
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- Oct 6
- 2 min
Common Bookkeeping Mistakes to Avoid
If you have actively sat out to practice good bookkeeping habits, then you are well on your way to giving yourself a better sense of...
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- Sep 12
- 2 min
The Importance of Accurate Record-Keeping for Your Business
If you’re a business, you need to keep accurate records. Noting down key financial and performance information helps you to grow....
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- Aug 14
- 2 min
Budgeting and Forecasting: Using Bookkeeping to Plan for the Future
Every business needs to be able to plan for the future. It’s impossible to know what the next year will bring, but it is possible to gain...
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- Jul 17
- 2 min
Bookkeeping for E-commerce Businesses: Tracking Sales and Inventory
Bookkeeping is something which has applications in more areas than you’d think. For example, bookkeeping is used a lot in the world of...
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- Jun 13
- 2 min
The Role of Bookkeeping in Financial Decision Making
Bookkeeping is a vital component of running a business. Every financial transaction should be recorded in a ledger, which these days is...
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- May 9
- 2 min
Your Guide to the Accounting Cycle
The accounting cycle is an important part of the normal operations of a business. A typical accounting cycle is broken up into different...
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- Apr 13
- 2 min
Your Guide to a Suspense Account
Accounting is all about numbers. However, when you’re doing accounting, it’s normal to make a mistake or two! If you’re a business owner,...
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- Mar 9
- 2 min
Your Guide to Business Journal Entries
If you’re a small business owner, you’ve probably had to sit down and look at your finances. However, there’s also a pretty good chance...
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- Feb 10
- 2 min
Top Bookkeeping Tips For Small Businesses
Running a small business can be hard. You don’t have the resources or the cash required to waste time and money figuring out processes,...
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- Jan 9
- 2 min
Your Guide to Liability Accounts
There are lots of different types of liability accounts to keep in mind. Pretty much every business deals with liabilities. Liability is...
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- Dec 13, 2022
- 2 min
How to Cut Down Your Fixed and Variable Costs
The rising cost of living has affected businesses all across the world. However, even in the middle of this trying period, there are...
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- Nov 15, 2022
- 2 min
Cash Basis Accounting vs. Accrual Accounting
There are two ways to record accounting transactions in the world of accounting: cash basis and accrual basis. The accrual basis is based...
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- Oct 21, 2022
- 4 min
Is it money or the capacity to execute that is preventing your firm from growing?
And they will cite a wide range of justifications for why they are not succeeding in their growth objectives. The most frequent...
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- Sep 13, 2022
- 4 min
Best Accounts Receivable Management Practices
If you run out of money, your business is most likely to fail. Because of this, effective cash flow management is crucial to the...
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- Aug 22, 2022
- 2 min
What is Cash Outflow?
Cash outflow is a term that is used when cash is paid out from a business. The payments a company need to make can include payment of...
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- Jul 21, 2022
- 2 min
Chart of Accounts Guidance
A chart of accounts is integral when running a business, but many companies do not have their finances organized proactively. Although...
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- Jun 17, 2022
- 2 min
5 Bookkeeping Mistakes That Can Cost a Business Money
Regardless of the goals of a business, there will be one that many share, and that is sustaining a profit. Although every company has the...
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- May 17, 2022
- 3 min
Better Understand the Value of Your Business with a Bookkeeper
Running a business can be challenging, but many have found it an enriching experience. However, a company can only move forward if...
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- Mar 22, 2022
- 2 min
Can Outsourcing Your Bookkeeping Increase Profits?
For some, bookkeeping services can be considered a cost that reduces profitability, but the opposite is true in most instances. Many...
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