Goal setting is crucial to the success of any business, but is particularly important for entrepreneurs in the bookkeeping service business who can become distracted with multiple priorities. Goal setting allows us to be proactive,…
Companies Avoid Legal Complications by Using Online Bookkeeping Services
Company owners are often confused by the tangled web of business and financial regulations. To simplify the complicated financial part of the business, many of them choose to protect themselves by contracting for outsourced accounting…
Bloated File Cabinets, Where to Store the Hard Stuff
The times we live in are quite convenient in terms of communication whether you hail from a cubicle dwelling or man an oil rig in the gulf. Communication happens at the speed of a key…
Cost Savings from Computerized Accounting are Not What They Should Be
The basic advantages of a computerized accounting system are efficiency and speed. In a manual system receipts and disbursements are initially recorded in registers. This can involve writing a check and then writing a description…
Small Business Accounting Software Equals Simple Bookkeeping Spreadsheets
Accounting software is used by accountants to enter many complex financial transactions into the financial books of account and is almost invariably based upon double entry bookkeeping principles. A major advantage to those companies and…
Basic Bookkeeping For Small Business Can Save Money
Basic bookkeeping consists of recording the prime business transactions of sales, purchases and cash. The accounting documents supporting and evidencing these transactions being called prime documents which are entered into the business books by a…
Bookkeeping Services: Get the Right Services for your Business Needs
Bookkeeping services are companies that specialize in helping out other companies or individuals with their finances. Online, off-site and on-site and outsourcing bookkeeping services are some of the options that can be considered when choosing…
Double Entry Bookkeeping Versus Single Entry Bookkeeping
Bookkeeping stems from the recording of financial transactions and the accounting term for a business accounts as books. In effect the accounting function prepares a record of the monetary affairs of a business and stores…
Why Bookkeepers And Accountants Use Double Entry Bookkeeping
Double entry bookkeeping stretches back centuries perhaps even as early as the 12th century and is now accepted worldwide as the accounting standard to be employed by all companies in recording the financial accounting records….
Financial Control Under A Self Employed Single Entry Bookkeeping System
Double entry bookkeeping is an accounting technique to record the financial transactions of a business where every transaction is entered twice, equal and opposite transactions. Double entry is required for all businesses that must produce…