Why is it important to reconcile your accounts? In accounting, there will be errors. To err is human, and even computers make errors. Reconciling your accounts is […]
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Practical Bookkeeping for Professionals, Part 3: Accounts Receivable
When you perform a service for a client, and the client does not pay at the time of service or in advance, then you have an account […]
Practical Bookkeeping for Professionals, Part 2: Accounts Payable
When you make a purchase for your business and you do not pay at the time of purchase, then you have an account payable, which is recorded […]
Practical Bookkeeping for Professionals, Part 1: Records Management
When you make a purchase for your business, you receive either a receipt or a bill, depending on whether you have paid, or you will pay later. […]