5 Bookkeeping Mistakes Small Service Businesses Make and How to Fix Them

Bookkeeping is the backbone of a healthy small business. For service-based business owners, accurate bookkeeping can mean the difference between stress-free growth and financial headaches. Yet many owners make common mistakes that cost them money, time, and energy. The good news? Most of these mistakes are easily preventable with the right systems in place. Mistake … Continue reading 5 Bookkeeping Mistakes Small Service Businesses Make and How to Fix Them

Cash vs. Accrual Accounting

Every business needs a bookkeeping system to track and reflect their income and expenses. The two primary methods of tracking this information are the accrual method and the cash method. The difference between these methods is the specific timing of when sales or purchases are added to the books. Most small business are free to … Continue reading Cash vs. Accrual Accounting

Why Bookkeeping Is So Important to Small Businesses

Regardless of the size of your business, bookkeeping is something you need to stay on top of. Even if you're self-employed, it's necessary to keep track of the financial side of things. It's the best way to ensure that your business grows and remains profitable. Continue reading to find out more about why bookkeeping is … Continue reading Why Bookkeeping Is So Important to Small Businesses