May 12, 2023 | Bookkeeping, Financial Reports, Small Business
As a small business owner, it’s important to have a basic understanding of accounting terms and concepts. Knowing these terms can help you make informed decisions and better understand your business’s financial performance. Here are some of the most common...
Sep 23, 2022 | Bookkeeping, Quickbooks Online, Small Business
When a business makes a sale, purchases new computers, pays employees or takes a loan from the bank, all these financial transactions must be recorded. And that’s where a chart of accounts comes in. A chart of accounts organizes all the company’s financial accounts,...
Feb 11, 2022 | Bookkeeping, Financial Reports, Small Business
A balance sheet summarizes a company’s assets, liabilities and equity at a specific point in time. Think of it as a snapshot of what your business is worth on a specific date. A balance sheet is organized into 3 main sections: Assets (what your business...
