What Is a Balance Sheet? Your balance sheet is one of the most important financial statements for your business. I know, I know, everyone is more concerned with the profit and loss, or income statement. But the Balance Sheet provides a snapshot of your company’s financial health at a specific point in time, helping you…
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Year-End Financial Checklist: A Guide for Small Businesses
As the year draws to a close, it’s the perfect time for small business owners to take stock of their financial health and set the stage for a successful year ahead. Let’s break down a simple yet comprehensive “Year-End Financial Checklist” to ensure you’re well-prepared for the upcoming fiscal year. 1. Review Your Financial Statements…
What to Consider Before Hiring A Bookkeeper
Hiring a bookkeeper can be a game-changer for your business. It can save you time, reduce stress, and help you maintain accurate financial records. However, before you pick up the phone or send that email to contact a bookkeeper, there are several crucial factors to consider. In this blog post, we’ll explore the key things…
10 Most Common Real Estate Accounting Mistakes
Accounting is an important part of real estate management, helping investors make informed decisions, track profitability, and maintain financial stability. However, numerous accounting mistakes can occur, potentially leading to costly consequences. In this blog post, we will explore the ten most common real estate accounting mistakes and provide practical tips on how to avoid them….
Bookkeeping for Small Business
Many start up business owners have mastered providing excellent services and products and attracting quality customers. But, when it comes to bookkeeping, they are dropping the ball. If you are a business owner and you don’t have a good understanding of the types of accounts used by your bookkeeper to organize your financials, you might…