Bookkeeping Articles

Accounting » Bookkeeping | By Christine Harrell @ Friday, 21st November 2008

Imagine you are watching a movie. Two men are in a lifeboat that has a hole in it and is slowly sinking into a school of sharks. One man is screaming, \"We\'re going to die!\" The other is bailing water and fending off sharks with the oar. Which one are you? Just because your business is sinking in these troubled economic [more...]

Accounting » Bookkeeping | By Christine Harrell @ Friday, 21st November 2008

Businesses are struggling to survive in today\'s economy. No matter when things are going to improve, your company has to make it through today. Business owners are facing hard choices, such as, \"Should we cut loose outside contractors such as outsourced bookkeeping services?\" Are You Actually Saving Anything? Canceling a contract for outsourced bookkeeping services doesn\'t make the work disappear. You are [more...]

Accounting » Bookkeeping | By Christine Harrell @ Thursday, 20th November 2008

Information technology is changing at the fastest pace in history. This has allowed today\'s business owners unprecedented freedom in the management of their businesses as more of the modern office exists virtually. The Past: Modems and Telephones Online account services got their start in the early days of the internet, even before the advent of the web. Capabilities were quite limited by [more...]

Accounting » Bookkeeping | By Debby Jones @ Monday, 17th November 2008

That is right folks; tax season is almost upon us. It is time to start organizing your paperwork again. How much time will you spend gathering your accounts receivables, accounts payables, receipts, mileage reports, W-2s and 1099s? And that is only the beginning. More of your time will be spent to meet with your bookkeeper, and then your [more...]

Accounting » Bookkeeping | By faye bautista @ Thursday, 30th October 2008

Business owners should know that they are required to record all financial aspect of their business and this is according to the law. The books that you record it in will be for the purpose of taxes and this figure must be accurate. Considering the fact that you have an online business, there will be many things in your mind [more...]

Accounting » Bookkeeping | By Laurie O\'Neil @ Tuesday, 28th October 2008

Financial forecasting reminds me of the weather - you make your forecast at a moment in time based upon the information currently available. You draw a conclusion and state your financial forecast. But then, the information changes, now it\'s raining, and you\'re caught without your umbrella! Financial forecasting, unlike the weather, isn\'t a science but it\'s not pure guess work [more...]

Accounting » Bookkeeping | By faye bautista @ Tuesday, 28th October 2008

The main reason for evolution and development of many things is modernization. Even the simplest test can be made to be more modernized. Business must stay updated. With the different modern possibilities, even the companies are redefining the way they are organizing the document and date into a much simple context. This is how online bookkeeping for any type of [more...]

Accounting » Bookkeeping | By faye bautista @ Tuesday, 28th October 2008

For the accounting firms which are responsible for bookkeeping, this has been a monotonous job. It usually takes long hours of tedious working and maintaining the processing of the accounts properly. Bookkeeping can hurt the pockets of the companies-in-charge of a job like this that requires massive patience. Some companies have trained accountants on being very adept with their job. [more...]

Accounting » Bookkeeping | By faye bautista @ Monday, 27th October 2008

Book keeping can be a full time or part time job this can be perfect for anyone that wants to earn extra money in their homes. What is great about book keeping is you need not buy expensive equipments or even worry about the insurance for your business and planning consents. Book keeping is not really hard to do, knowing [more...]

Accounting » Bookkeeping | By faye bautista @ Monday, 27th October 2008

It is possible that bookkeeping can be diligent and effective if you know how to start. Make this numbers and dates work for you. Try following these basics and you can setup an interesting bookkeeping system. You must choose an appropriate bookkeeping system. You can choose between a single-entry and double-entry. Difference between this two is that when it comes to [more...]

Accounting » Bookkeeping | By faye bautista @ Sunday, 26th October 2008

The law requires that all businesses, whatever its size must keep a record of each financial transactions done through the business. These records will be presented to the government during tax time and this determines how much tax businesses must pay and how much tax returns they will get. If you are the owner of an online business, then you [more...]

Accounting » Bookkeeping | By Cheow Yu Yuan @ Saturday, 25th October 2008

When it comes to business, outsourcing is always a tough call to be made. It is never easy to convince yourself or your partners that you are going to entrust a service provider with the internal business operations responsibilities. Especially for accounting, it involves the transfer of confidential information to a third party whom you have never met before. So [more...]

Accounting » Bookkeeping | By Michael Kelly @ Thursday, 23rd October 2008

The recently published Irish budget for 2009 will require a number of changes to be kept in mind by Irish payroll companies. The most relevant of these are as follows: INCOME TAX CHANGES Personal Tax Package The main elements, including associated costs, of the personal tax package, which take effect from 1 January 2009, are as follows: Changes to Income Tax Full Year Cost Eurom New [more...]

Accounting » Bookkeeping | By Cash Miller @ Wednesday, 22nd October 2008

Many years ago when I first began to operate my own small business I learned the hard way what the difference between the two methods of accounting were. And I only learned the difference when I made the decision to hire an outside bookkeeper to handle my accounting functions. In fact I learned the difference because I had been using [more...]

Accounting » Bookkeeping | By faye bautista @ Monday, 20th October 2008

Several factors should be considered in choosing a bookkeeping system that can cater to your online business. Having a bookkeeping system can help in a number of ways like quoting off-hand your bank balance. Also, you can make better decisions in your financial statements involving your online business. The bookkeeping system can guide you to properly set-up the books you will need. [more...]

Accounting » Bookkeeping | By faye bautista @ Monday, 20th October 2008

With today\'s technology everything is very much available with a click of your mouse. For those running an online business there is still the financial side that has to be taken care of just as in the traditional business setting. Keeping a record of the financial aspect is a must. This includes all the expenses and the income of the [more...]

Accounting » Bookkeeping | By Debby Jones @ Monday, 29th September 2008

The Profit [more...]

Accounting » Bookkeeping | By Debby Jones @ Saturday, 27th September 2008

The Cash Flow Statement is made up of three sections. The first section is operating activities. Operating activities include your companies profit or loss and non-cash items that affect your profit without affecting cash. Examples of these types of non-cash expenses are depreciation and bad-debt expense. Also included in this section are changes to your operating assets and liabilities. Operating [more...]

Accounting » Bookkeeping | By Jordan McPelt @ Friday, 19th September 2008

Money is an issue on everyone\'s minds: from the CEO sitting at the top to the entry level employee living paycheck to paycheck. This is why it is so important for those who are struggling in these hard economic times to be able to afford the basic essentials. In order to do that, you must create a budget you can [more...]

Accounting » Bookkeeping | By Cheow Yu Yuan @ Monday, 15th September 2008

In this article, we will discuss some of the most common bookkeeping mistakes made by small business owners that you absolutely need to avoid if you want grow your business: 1. Handle all bookkeeping work by yourself. Especially for a small business, it is very common for the owner to have a self-employed mindset. The owner will try to do it all [more...]