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You’ve found our guide understanding net vs. gross profit. When it comes to running a business, understanding the key difference between gross and net profit is crucial to small business owners. Gross profit and net profit are two key metrics that service as guideposts for you to gauge how healthy your business is. These principles
Read moreHere is our list of reasons why accounting is important. Have you ever wondered why accounting is important? There are plenty of reasons that explain the importance of accounting, beginning with maintaining accurate financial records and tracking and managing transactions. Other reasons include aiding in decision-making, communicating key business results, and providing valuable insights. Understanding
Read moreHere is our list of the best accounting statistics. The finance and business landscape is continuously evolving, which is why it is important to stay informed about the latest accounting statistics. Accounting statistics are data points and trends that shape the accounting industry for all businesses, large and small. The purpose of this list is
Read moreHere is our list of the best bookkeeping statistics. The field of bookkeeping is always evolving with new technology and trends. As a result, it is critical to stay in the loop on bookkeeping statistics. Bookkeeping statistics are facts and trends that can influence the way business leaders view their company’s finances. The purpose of
Read moreHere is our list of the top bookkeeping mistakes. Bookkeeping mistakes are common errors and blunders that are made when balancing the books and keeping track of a company’s expenses. Examples include inconsistent account reconciliation, incorrect categorization of expenses, and failure to back up financial data. The purpose of this list is to highlight common
Read moreHere is our list of the top accounting errors. Accounting errors are common mistakes that accountants or business leaders could make when working with a company’s finances. Examples include data entry errors, misclassifying expenses, and reconciliation errors. The purpose of this list is to highlight common errors in accounting and provide valuable tips on how
Read moreHere is our list of reasons why bookkeeping is important. There are so many reasons why bookkeeping is important, beginning with a critical aspect of the job – maintaining accurate and up-to-date financial records for a company. Other reasons include keeping organized documentation, making informed decisions, and preparing for tax season. Understanding the importance of
Read moreHere is our list of the best bookkeeping basics. Bookkeeping basics are the keys to effective financial management, which provide a clear picture of a company’s finances. Examples include the role of a bookkeeper, different bookkeeping systems, and common mistakes to avoid. The purpose of this guide is to ensure that bookkeepers are well-equipped with
Read moreYou have found our guide of the difference between bookkeeping vs accounting. Bookkeeping and accounting have many similarities between their approach and objectives that it’s easy to wonder “what’s the difference?” Well, in fact it’s true that there’s a Venn diagram between the two roles, but there are significant differences that are important to understand.
Read moreThis is a detailed list of the best free and paid online bookkeeping courses. Online bookkeeping courses are educational resources that teach you how to manage financial records for your company or an employer. Depending on the bookkeeping course you take, you will learn the fundamentals of accounting, advanced accounting methods and how to use
Read moreHere’s a list of our top online bookkeeping services for small businesses. Online bookkeeping services are companies that handle all your financial bookkeeping for you. Bookkeeping companies handle your transactions, make sure your finances are monitored, and prepare your financial statements to help you stay on budget. These companies are also known as “virtual bookkeeping
Read moreYou found our list of top accounting software, apps & tools. Accounting software, apps, and tools are resources for tracking and reporting a company’s financial dealings. Examples include QuickBooks Online, Melio, and FreshBooks. These apps and tools are essential for a business’s operations, including accounts payable and receivable, billing, expenses, payroll, and bookkeeping. This software
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