ACCOUNT RECONCILIATION AND ITS ESSENCE IN ACCOUNTINGWhat is reconciliation in accounting? Reconciliation in accounting is a vital part to ensure that the numbers in your financial records...
Managing Stress for Entrepreneurs - Keeping You Mentally HealthyPeople often think that when you are an entrepreneur or own a business, you only sit and relax while watching your money grow. Well… we...
5 REASONS SMALL BUSINESS OWNERS NEED QUICKBOOKS ONLINEAccurate bookkeeping is essential for the success of every business. When it comes to the best kind of online bookkeeping service, small...
How to Follow UP on Accounts ReceivablesDon't let your accounts receivable grow out of control! Make sure you have a good process to collect from your clients on time!
What is COGSCost of Goods Sold (COGS) is one of the most fundamental concepts in your business’s finances.
Understanding Cash-Basis Accounting vs. Accrual-Basis AccountingThis is an important decision to make; the method you choose will determine how your business tracks and reports on its finances.
What is Revenue Recognition: A Beginner's GuideCorrectly recognizing business revenue is a big deal. It can make or break your ability to attract investors or secure a loan, and more.