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Bookkeeping Articles
The aim of these bookkeeping articles is to support the growth of small businesses by providing insight into bookkeeping and office processes and to answer questions.
Grab your favorite hot drink and take a break!
Browse through each page and if you have any questions feel free to contact us, or post your comment in the comment box at the bottom of each page.
Bookkeeping Articles Selection
Is Bookkeeping Hard?
Whether you are a small business owner thinking about doing your own books, or you're thinking about going into bookkeeping as a career, we talk about things that could make bookkeeping hard for you, but it all depends on:
- your existing skill-set
- your willingness and ability to learn bookkeeping and new technologies
- your time available (especially for owners of startups)
- and more
Bookkeeping 101
This Bookkeeping 101 guide will help the self-employed person to start off their Bookkeeping processes with the right systems and the right ideas! These 10 steps cover topics like:
- what is bookkeeping
- is bookkeeping the same as accounting
- know the purposes of bookkeeping
- can you do your bookkeeping yourself?
- bookkeeping basics...
- ...and more
Get the knowledge, make good decisions and increase your confidence as a business owner.
Free Bookkeeping Courses
Free bookkeeping courses are the cheapest and best way for owners of business start-ups to learn how to start and look after their business accounts. These courses will show you:
- double entry bookkeeping
- bank reconciliations
- financial reporting
- working with customers and suppliers
- managing cash flow (money in vs money out)
- ...and more
Become a financially literate operator of your business to help it grow, and not fail after 4 years like half of other small businesses in the USA.
Bookkeeping Example
Have you wondered how a business transaction affects each aspect of the bookkeeping records when it is entered?
This article takes 2 business transactions, income and expense, and shows you what happens in each section listed here:
- General Journals
- General Ledgers
- Report
- Cashbook
The examples are for manual bookkeeping (the good old-fashioned hand-writing type!), and for computerized bookkeeping using the free software Manager accounting.
What is a Credit Card Balance?
There are a few different balances that can be found on a credit card statement and knowing which is the balance you have to actually pay to the credit card company, or to find out how much you actually have available to spend, can be tricky. Here are the names of some:-
- Opening balance
- Closing balance
- Statement balance
- Current balance
- Available balance...
Are you already wondering if you just paid the right amount?
12 Small Business Bookkeeping Tips
There are 12 tips relating to issues that either affect the business accounts or which the bookkeeper (which could also be the owner) will have to handle.
They include:-
- Types of bank accounts
- Recognizing personal vs business expenses
- Business documentation - what to do with it
- Handling Cash
- Bookkeeping software and other helpful programs
- Bookkeeping reports – are they necessary
- Employing people – being a responsible employer
Other Relevant Topics:
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