What is Bookkeeping and Why Does it Matter?
I know bookkeeping isn’t everyone’s favorite thing. But there is no doubt that bookkeeping is hugely important and necessary for small businesses. And yes, bookkeeping is different from accounting. However, it has an equally essential role in your business. To...
Standard Operating Procedures for Accounts Payable (and why they matter)
Having a set of standard operating procedures (SOPs) when it comes to your accounts payable is invaluable for keeping your cash flow cycle smooth and your business running at peak performance. There are certain questions you should ask yourself when it comes to the...
4 Steps to Catch Up on Your Bookkeeping
Every year, business owners stress in secret as tax season looms nearer. Bookkeeping isn’t always first on the to-do list, and it often gets saved until the very last minute (cue tax season panic…). However, catching up on your bookkeeping is not as daunting a task as...
What is a virtual bookkeeper?
My friends, exactly what IS a virtual bookkeeper? Is it different than a “regular” bookkeeper? Why should one use a virtual bookkeeper versus a “regular” bookkeeper”? Review: What does a bookkeeper do? You might have heard me say this once (or a 1,000 times before) a...
What is a Profit and Loss Statement? (And why is it important?)
Download your FREE Profit and Loss Template and Guide here. The Profit and Loss Statement (aka the P&L) is one of the most important financial reports you’ll need to generate for your business. It’s important to note that accountants and other financial...
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