IMPORTANCE OF BOOKKEEPING
IMPORTANCE OF BOOKKEEPING Bookkeeping is the systematic recording and organizing of financial transactions in a business. It's a crucial part of the...
Quarterly Estimated Tax Payments
Quarterly estimated tax payments are payments made to the IRS and, in some cases, to state tax authorities, on a quarterly basis to cover your tax lia...
Bookkeeping for E-commerce Businesses
Bookkeeping for E-commerce Businesses E-commerce businesses have unique bookkeeping needs due to the nature of online transactions, inventory managem...
Common Bookkeeping Mistakes and How to Avoid Them
Common Bookkeeping Mistakes and How to Avoid Them Bookkeeping is a crucial part of running a business, but it's easy to make mistakes that can lead t...
What is an Emergency Fund?
What is an Emergency Fund An emergency fund is a savings account that is set aside specifically for unexpected events or emergencies. It's...
Revenue vs Profit
Revenue vs Profit Revenue and profit are two important financial concepts that every business owner should understand. While they are related, they a...
What Are The 4 Important Activities in Bookkeeping?
What Are The 4 Important Activities in Bookkeeping? In bookkeeping, there are several important activities, but four fundamental ones include: R...
Managing Cash Flow
Managing Cash Flow Managing cash flow is critical for the success of any business. Cash flow refers to the movement of cash in and out of a business,...
3 Bookkeeping Tips You Can Use Year Round
3 Bookkeeping Tips You Can Use Year Round As a business owner, bookkeeping is an essential task that can't be ignored. It's not just a yearly chore,...
What are allowable expenses?
What are Allowable expenses? Allowable expenses are the costs incurred by a business that are considered to be normal and necessary for its...