How the Bookkeeping Process Works
How the Bookkeeping Process Works The bookkeeper is responsible for overseeing the company’s finances, including purchasing, expenditures, debt, sales and collection. Typically, businesses use a standard bookkeeping system. Documents, such as invoices and receipts, are created for sales and purchases. Deposit slips are generated when money is placed in the bank. Checks are written to […]
What are Bookkeeping and Accounting?
What are Bookkeeping and Accounting? Many assume bookkeeping and accounting are equivalent, which isn’t the case. They are connected, like sales and marketing, but distinct. A company typically engages in many financial operations and activities over a certain amount of time, e.g. daily or yearly. Due to the large amount, it must monitor its money […]
Basics of Bookkeeping for Small Business
Basics of Bookkeeping for Small Business Every single day, businesses make a lot of financial transactions. A financial transaction is an agreement, or communication, between a buyer and seller to exchange goods, services, or assets for payment. Those transactions need to be continually tracked; otherwise, the financial records will be a mess and there can […]