What are some of the reasons for a business to go bankrupt?
Business bankruptcy can occur for various reasons, and it's essential to understand the underlying causes to prevent financial distress and bankruptcy...
What is year-end close bookkeeping?
Year-end close bookkeeping, also known as year-end closing or year-end accounting, refers to the process of finalizing a company's financial records a...
The importance of internal bookkeeping audits
Internal bookkeeping audits, often referred to as internal financial audits or financial statement audits, are a vital component of an organization's...
Who really needs to work with a bookkeper?
Who really needs to work with a bookkeeper? Most businesses could benefit from working with a bookkeeper. Here are a list of who really needs one:...
Why Are Non Profit Agencies Tax Exempt
Nonprofit organizations, also known as tax-exempt organizations or 501(c)(3) organizations in the United States, enjoy tax-exempt status for several r...
A Guide To Sending Out 1099s
Sending out 1099 forms is an important tax-related task for businesses in the United States. These forms are used to report payments made to non-emplo...
How to record loan payments
Recording loan payments accurately is essential for maintaining your financial records and ensuring that you meet your financial obligations. To recor...
Must Follow Golden Bookkeeping Rules
Effective bookkeeping relies on several fundamental principles that can be considered "golden rules" for managing financial records accurately and eff...
Top 7 Accounting Mistakes to Avoid for Your Small Business
Most small business owners don't have a background in accounting. But understanding the basics of how to manage your finances is crucial to the succes...
Accounting Basics for Small Businesses
Managing finances can be daunting and time consuming but don't let yourself be overwhelmed by the numbers. Small business owners struggle with this on...