Depreciation explained – what is depreciation explained in simple terms?
You can think of depreciation as the gradual loss in value of an asset over time, and understanding it helps […]
Bookkeeping 101 – what should beginners know about bookkeeping 101?
It’s crucial that you grasp core bookkeeping principles-tracking transactions, using a clear chart of accounts, and applying double-entry records-so your
Bookkeeper vs accountant – what is the difference between a bookkeeper vs accountant?
Just understand that a bookkeeper records and organizes your daily financial transactions and maintains accurate ledgers, while an accountant analyzes
Setup bookkeeping system – how do you set up your first bookkeeping system?
Bookkeeping begins when you choose a consistent chart of accounts, select software matched to your business, and define procedures for
Bookkeeping vs Accounting – What’s the Difference?
Difference between bookkeeping and accounting often confuses many business owners. While both are necessary for managing your finances, they serve
Why Every Small Business Needs Basic Bookkeeping
It’s important for you to understand that basic bookkeeping can significantly impact the success of your small business. By maintaining
Understanding Debits and Credits in Simple Terms
You may find the concepts of debits and credits daunting, but they are foundational principles in accounting that are vital
What Is a General Ledger and Why It Matters
Just as a foundation supports a building, a general ledger underpins your financial records. Understanding your general ledger is necessary
What Is Bookkeeping?
Finance stuff affects your day-to-day way more than you think, and bookkeeping sits right at the center of it. When