Bookkeeping is an essential part of the business that helps you keep track of your spending and income. However, Knowing where to start a new business or maintaining your books for the first time can be difficult.
Bookkeeping is the process of recording transactions and summarizing them into financial statements, which are used for future analysis.
There are three main

All businesses, no matter their size, have bills to pay. The larger the business, the more formal the accounts payable process tends to be. That doesn’t mean small business owners can’t benefit from a formal accounts payable process. Too many “fake” bills are being sent, and all businesses should have safeguards in place. Let’s take a look at the workflow

The equity section of a business’s balance sheet is the most difficult part to understand. The accounts that make up that section vary depending on the type of entity in which the business is structured. In this article, let’s take a look at what the equity section looks like for companies that are organized as partnerships.
The Equity Section

How do you arrive at a price for the products and services you sell? While it depends on what industry your business is in, there are only a handful of foundational pricing methods that are useful to know. Here are several of them.
Time and Materials Pricing
Many service-based businesses price based on the time spent performing the service. An

For small business owners, it seems like there is never enough time to get everything accomplished. One tool that will help you get the most out of your time is time batching, also called time blocking. If you haven’t heard of this before, it can revolutionize the way you approach work.
What Is Time Batching?
Time batching is where you

Finding the right Bookkeeper near me certification can be a great challenge, but no worries! In this article, I will explain the best bookkeeping certification.

What Is The Best Bookkeeper Near Me Certification
Everyone has heard some form of this phrase before: Every business needs a bookkeeper near me. It’s true. The success of a business is determined by the

Your favorite number on the balance sheet might just be Cash. It’s easy to understand and something every business has. But there is a more meaningful number, at least in the long-term sense, and that’s equity. Let’s dive deeper into that part of the balance sheet.
The Equity Section
As a reminder, the balance sheet has three major sections: assets,

What is bookkeeping

Tracking a company’s financial transactions into arranged accounts is termed bookkeeping. It may also refer to the many recording methods that companies may employ. Updating transaction data allows you to produce accurate financial reports that aid in gauging your company’s performance. 
Additionally, thorough records will come in handy if there is a tax audit. Creating plans to