As a business owner, knowing how to make and spend money is an integral part of your position. Making money allows you to hire employees and stay in business, while spending money is necessary in order to acquire supplies, products and target audience attention. But...
We all know that managing your finances is the absolute cornerstone of your business’s success. That’s what makes it so important to understand one of the most effective approaches to fiscal management starts with understanding exactly what is a double-entry...
When you have the financial side of your business under control, you’ve conquered one of the hardest steps. We know that the fiscal affairs of small businesses can be pretty overwhelming, even more so when resources are tight. That’s where open-source bookkeeping...
If you weren’t already aware, bookkeeping is absolutely the backbone of any successful business. That’s because financial excellence is a priority for any successful business. At the foundational level, journal entries are one of the core tasks for bookkeepers....
Having the right financial support for your business can truly make or break your business. For small businesses, even more so. They have to juggle a number of tasks, so a full-charge bookkeeper can be a game-changer. You may be asking yourself “What is a full-charge...
When we’re talking about a double-entry system of bookkeeping, we’re referring to a method of recording financial transactions in two separate accounts. If we’re talking about exactly what is a double-entry system of bookkeeping and why it’s considered the golden...
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