Category: bookkeeping

Bookkeeping Basics

Bookkeeping and accounting share two basic goals: to keep track of your income and expenses, thereby improving your chances of making a profit to collect the necessary financial information about your business to file your various tax returns and local tax registration papers. Sounds pretty simple, doesn’t it? And it can be, especially if you…
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July 1, 2014 0

Keeping Your Receipts

Comprehensive summaries of your business’s income and expenses are the heart of the accounting process. But they can’t legally be created in a vacuum. Each of your business’s sales and purchases must be backed by some type of record containing the amount, the date, and other relevant information about that sale. This is true whether…
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May 11, 2014 0