A bookkeeping system is merely an established method of tracking income and expenses so that you can readily tell how your business is faring. Although specifics can vary among companies, most adhere ...

This article is for educational purposes and does not constitute financial or legal advice. For specific advice applicable to your business, please contact a professional. Accounting and bookkeeping ...

An S corporation, no matter how small, must account for business transactions throughout the year. This is necessary to comply with federal and state tax reporting requirements at the end of the year.

With tax season just around the corner—the IRS has announced that filing season will open on Monday, Jan. 29, 2024—many taxpayers are scrambling to get their records together and bracing to find out ...

Bookkeeping vs. Accounting: What Are the Key Differences? Your email has been sent Learn the differences between bookkeeping and accounting, including their respective roles and responsibilities. If ...

Bookkeeping is the systematic tracking, recording and organizing of daily financial transactions for businesses, companies or organizations. Proper, meticulous bookkeeping allows organizations to ...

Cash- and accrual-based business accounting are two methods for tracking financial performance. Learn which is right for your business.

Do you consider yourself “just a bookkeeper?” If so, it’s time to stop. The role of today’s bookkeeper often extends well beyond simply managing a business’s books. In fact, as one practitioner of the ...

The first known printed use of the word “bookkeeper” in English dates back to 1555, according to Merriam-Webster. Obviously, the way in which bookkeepers work has changed significantly over the years, ...