3 Common Bookkeeping Myths Busted

The practice of bookkeeping has been around for centuries. The business landscape is evolving with every passing day, and with every change in the tax code, it becomes more necessary than ever to maintain your books. In every business, there are several transactions on a day-to-day basis that can have far-reaching consequences, which makes recording them an absolute imperative. When it comes to maintaining their books, many businesses fail to do the needful in a timely fashion, which can get them in trouble with the IRS. Thanks to several rumors and misconceptions surrounding bookkeeping, several business owners fail to recognize [...]

3 Bookkeeping Tasks That Small Businesses Need to Perform on a Monthly Basis

Continuous bookkeeping is an accounting commandment you cannot afford to overlook. To ensure you are on the right track for achieving your financial goals, you must keep a track of the cash flowing in and going out of your business. Maintaining books regularly helps you keep an eye on the present while preparing for the future. To help you stay on top of your game, we have compiled a list of a few monthly tasks that your bookkeeping team needs to perform without fail. Take a look. 1. Prepare and send invoices To avoid last minute confusion and hassles, instruct [...]