Creating a chart of accounts is the first step to getting your accounting in order. As an entrepreneur, you are most likely dealing with all aspects of your business and have no time to focus on charting your finances. This post will provide you with information on how to create a chart of accounts for …
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Financial statements are windows into the health of your small business. Unfortunately, more times than not these reports get tossed in the trash, never to be looked at again. In this article, we outline what the two most popular statements are and what to look for in them. What is an Income Statement? An income …
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This post is one of many in a series we’re calling, Bookkeeping 101. In this article, we’ll teach you how to increase financial margins in your business. One of the most important objectives of running a small business is maximizing financial margins. Before we can talk about how to increase them, though, we need to …
To run a business smoothly, everything has to be organized. Finance and accounting are no different! A chart of accounts is a great example of how we keep things organized. What is a Chart of Accounts A chart of accounts is a list that categorizes all of your small business’s transactions. This list is typically …
It can be hard to find the best accounting software for your small business. There are so many companies that provide bookkeeping solutions but which one(s) are best for my small business? To help, we have compiled a list of the top 4 accounting software providers we like that can help you with bookkeeping. – …
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