Bookkeeping Payroll Taxes Quickbooks
Cash vs. Accrual Accounting Explained: What’s Better For Your Small Business
Cash vs Accrual Accounting Explained: What’s Better For Your Small Business In small business bookkeeping, there are only two primary accounting methods you’ll need to know–cash basis accounting and accrual basis accounting. Even if [...]
Debits vs. Credits: The Accounting Equation
Debits vs. Credits: The Accounting Equation Money doesn’t appear and disappear and accountants certainly aren’t magicians. Debits and Credits are words that describe the movement of cash and assets that occur in transactions. In this [...]
The Importance of Bank Reconciliations and How it Impacts Your Small Business
The Importance of Bank Reconciliations and How it Impacts Your Small Business Does your business have the money it thinks it has? If you’re not a fan of running your small business accounting using [...]
How to set up Quickbooks Chart of Accounts
How to set up Quickbooks Chart of Accounts The Chart of Accounts is the foundation or backbone of every business’s financial system. These accounts work behind the scenes to show how much money is flowing [...]
How much can I contribute to my IRA?
How much can I contribute to my IRA? You want to be able to live just as comfortably during retirement as you did when you were working. One of the best ways to [...]
SIMPLE IRA vs SEP
What's the difference between a SIMPLE and a SEP? You work hard for your money and therefore deserve to reap all the benefits you can from it, even after you stop working. While [...]
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