Why Do Businesses Need Accurate Bookkeeping?

Why Do Businesses Need Accurate Bookkeeping?

Oct. 16, 2016 by

Bookkeeping is the process of keeping full, accurate, up-to-date business records. It involves making a record of the monies received by a business as well as the monies paid out. Bookkeeping covers money a company owes to vendors, employees, tax

Cash Accounting or Accrual Accounting

Cash Accounting or Accrual Accounting

Oct. 14, 2016 by

Cash Based Accounting The cash basis of accounting recognizes revenues when cash is received, and expenses when they are paid. This method does not recognize accounts receivable or accounts payable. Many small businesses opt to use the cash basis of

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