Small Business Bookkeeping to help business owners create accounting processes and reporting to understand the financial health of their business.

bookkeeping terms in a Pictogram of an accountants computer screen

23 Bookkeeping Terms Every Small Business Owner Should Know

While we don’t recommend doing the books on your own (unless you’ve got an accounting background), it’s still important to have a good grasp on the drivers of your business finances. That being said, let’s take a look. Know these 23 Bookkeeping Terms   1. Accounts receivable Many businesses offer credit terms to their customers…

Bank Reconciliation for Small Businesses: Why It’s Important and How to Do It

Whether you use accounting software like Quickbooks, an Excel spreadsheet or your an old school ledger book, the ultimate goal of bookkeeping is to reconcile a trial balance. Said another way, the final total of debits and credits must match in order to complete the reconciliation of your accounts. As you may already be aware,…

How Does Outsourced Bookkeeping Work? 7 Tips to Get You Started

If you’re ready to spend less time running your business and more time growing your business, then it’s probably time to outsource your bookkeeping needs. Keep reading to learn the Top 7 Tips for getting started with outsourced bookkeeping for your small business.   Understand the Difference between Bookkeeping and Accounting Learning the key differences…