Setting up the contingency plan. If there is a financial crisis in your small business, you will need some help to save your business. Otherwise, your small business will push to the ground. You need to have a separate business savings account and deposit a reasonable amount of cash into the […]
How to Do Bookkeeping for a Small Business? Analyzing Financial Transactions The accounting process starts with analyzing financial transactions and entering the business entity into the accounting system. For example, loans taken for personal reasons does not include in the business documents.The first step of the accounting process involves the preparation […]
Tasks that need professional help Are you a work-at-home mom presiding over a sizable online business in nearly any industry? Then it can make sense to hire a bookkeeping service to take some of the financial burdens off top management, i.e., yourself. Adding an accounting service may be unaffordable for some […]
What is the meaning of journals in accounting? Journals in accounting & bookkeeping mean recording financial transactions according to the date they happened. A journal said as the book of original entry. They post the transactions to the general ledger or the subordinate ledger after recording the Journal entries; that is […]