Simply put, bookkeepers are responsible for the recording of financial transactions whereas accountants are responsible for classifying, analyzing, interpreting, reporting, and summarizing this financial data. Read more
Bookkeeping is the first step in the accounting process and arguably the most important one. There are multiple benefits to having a good bookkeeper, and with all the changes happening in the financial world, every business will want to have such a person on staff. Read more
Good bookkeeping will move your business forward. Learn the importance of bookkeeping, important how-to's, and the steps you need to take to get your books in order in our beginner's guide. Read more
Keeping track of your finances and accounts is key to the success of any business. You may, however, find that you spend more time maintaining your books than running your business. So, when does your small business need a bookkeeper? We tell you what to consider when answering that question in this complete guide. Read more
Bank reconciliation is the process of comparing the records of your company’s ledger to those of your bank. This process helps to determine whether there are any differences between the two financial statements. Learn how to reconcile your bank account and why it is so important in this guide. Read more
You may be afraid you cannot afford a bookkeeper, and are putting off getting one. But here's a secret, it's probably even more expensive to do your own bookkeeping. So, what does a bookkeeper cost? In this guide, we'll examine the cost of a bookkeeper versus the costs of doing it yourself. Read more
Every business must record all of its cash transactions in a cash book. A professional bookkeeper records these data and finds the difference between payments and receipts to determine the amount of available cash. So, how is a cash book prepared? More importantly, what is the importance of a cash book in accounting? Read more
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