Forty percent of small business owners agree that bookkeeping (the process of recording transactions) and taxes are the worst part of the job. Although it might be taxing (no pun intended!), bookkeeping is a key part of business. But, that doesn’t mean you have to make things unnecessarily difficult. For simple bookkeeping, you may consider […]
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Accounting Systems - Tips, Training, and News
Should I Use Cash or Accrual Accounting? Your Answer Awaits…
When it comes to running a business, you take on the role of decision-maker. And, one of your biggest decisions is if you should use cash or accrual accounting. What’s the difference? How in the world does accrual or cash accounting impact your books? We’re gonna break it all down for you.
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Revolutionizing Bookkeeping: The Role of AI in Accounting
AI (artificial intelligence) has been a game-changer for everything from speech recognition to language translation and … accounting? Yes, AI in accounting continues to transform the process of bookkeeping. How so?
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What’s the Cost of Accounting Software for Small Businesses?
When you start a small business, you need an easy and reliable way to track income and expenses. One way you can manage your books is by using accounting software. But, what’s the cost of accounting software? Find out the factors that can impact pricing and what additional costs to look out for while shopping […]
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Let’s Get Down to Brass Tacks. How Does Accounting Software Work?
The fact is, business owners should know a little about accounting. And yes, hiring an accounting professional is a tremendous help. But, what about the day-to-day cash flow of your business? What about invoicing, bill payments, data entry, and other accounting tasks? That’s where accounting software can help. So, how does accounting software work?
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Accrual vs. Cash-basis Accounting: A Comparison
Business owners have a lot of decisions to make, especially in the beginning. One of the most important decisions is how to handle bookkeeping for your business. There are three methods of accounting to choose from: Cash-basis, modified cash-basis, and accrual accounting.
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Accounting Tools to Consider for Your Small Business
Owning a business comes with some heavy-duty responsibilities. From invoicing to updating your books, you have a lot of tasks to juggle. You need the right tools to help you keep your business moving along—without dropping what you’re juggling.
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Accounting Methods: How to Pick the Best Option for Your Business
Accounting can be a daunting task when starting out, especially if you’re not an accountant. And depending on your business, how you must handle accounting can change. So, what are the accounting methods, and how do you choose which method to use for your business’s bookkeeping?
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Cloud Accounting Software: Questions to Consider
As a small business owner, you need to record your financial transactions. But, accounting is not easy, and all signs point to accounting software. Cloud-based accounting software could be a low-cost, time-saving option for tracking your business’s finances.
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Eager to Learn How to Do Your Own Accounting? Start Here
If you run your own business, you need to have an accurate way to account for your company’s transactions and keep your books up-to-date. One option you have is doing accounting yourself.
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