Blog

Bookkeeping vs Accounting? Here are Five Key Differences

If you are starting a business, you will be looking into accounting and bookkeeping help, but to outsiders, the two often look like the same thing. Both professions involve recording and handling money, and both provide vital services for a business. Understanding the difference between bookkeeping vs accounting can help you make sure that your finances are healthy and that you hire or outsource the right kind of help for your business.

Topics: Accounting Bookkeeping

10 Ways To Improve Your Cash Flow Position

Running a business means you are in charge of every aspect of the business. Your responsibility to your business financial health is what keeps you afloat to service your clients needs. In order to achieve a healthy financial perspective, it is important to know where your cash lies within your business.

Topics: Accounting Cash Flow Management Accounting procedures

Bookkeeping Tips: Make tracking your expenses easier in Quickbooks

QuickBooks is one of the easiest accounting software solutions designed for use by small and medium-sized companies. Here are 3 bookkeeping tips to help make tracking your expenses and paperwork easier.

Topics: Accounting Quickbooks Best practices Bookkeeping

Month end close process checklist

 

Are You Ready for Year End?

The end of the year is upon us and for small business owners it is an important time of the year.  Review this list to see if you are ready.

Topics: Accounting Accounting procedures Best practices Bookkeeping

What does your month end close process consist of?

Why monthly bank reconciliation is imperative

In today’s business environment, knowing how much cash your business has readily available is critical to the success of your organization.  This starts with the bank reconciliation, which enables effective cash flow management.

Bank reconciliations compare a company’s records to their bank records, which authenticates cash activity.  The bank statement is the source document issued by your bank confirming cash movement for a specific time period.

Topics: Accounting Accounting Methodology Cash Flow Management Accounting procedures Business Advice Bookkeeping