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The Difference Between Bookkeeping and Accounting
When most people think about the difference between bookkeeping and accounting, they are hard-pressed to nail the distinction between each process. While bookkeepers and accountants share common goals...
The 12 Most Common Bookkeeping Mistakes (And How to Avoid Them)
Worried you messed up your books? Don’t sweat it. Almost every entrepreneur makes at least one bookkeeping blunder while they’re learning the ropes. Thankfully, bookkeeping errors are easily fixed if you catch them early on...
IRS Receipts Requirements: What You Need to Know
As a business owner, you know that you need to keep a document trail for tax purposes. But what exactly do you need to keep? If you’re doing your best to keep every single receipt, just in case, you can relax. You don’t need...
How to Outsource Your Bookkeeping
You’ve started a business, made some purchases, logged sales, and now comes the task of recording it all. We wouldn’t blame you if you shudder at the thought of tracking all your transactions, but if you outsource bookkeeping...
What Does a Bookkeeper Do? A Simple Explanation
Whether you sell handmade alpaca socks, enterprise software, or legal advice, there are two things we can guarantee about your business: you earn money and you spend it. Bookkeepers are the ones who help you keep track of all that...
Adjusting Entries: A Simple Introduction
What is an adjusting entry? Adjusting entries are changes to journal entries you’ve already recorded. Specifically, they make sure that the numbers you have recorded match up to the correct accounting periods...