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Beginner Bookkeeping Blog

Hi there... Welcome to my Bookkeeping Blog where I will keep you up-to-date on all things bookkeeping.

Loan Journal Entry Examples for 15 Different Loan Transactions

How to do a loan journal entry for transactions for bank loans, car loans, intercompany loans, and loan forgiveness including loan amortization

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Day to Day Bookkeeping Setup and Process

Day to day bookkeeping process for startups. Open a bank account, select and setup software or paper record, record your daily transactions, read your summary report.

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What Is A Chart of Accounts?

A Chart of Accounts helps a business classify income and expense transactions into specific categories and is like a map to the general ledger accounts.

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General Ledger Accounts (GL): How They Are Used in Bookkeeping

General ledger accounts are the place where all financial transactions of a business are categorized. Each account has a ledger showing details of money received or spent.

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The Best 5 Tips for Online Store Accounting

Five essentials to establish your online store accounting: 1. choose the right payment gateway 2. find good accounting software 3. tick the right tax setting

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Stuck On Your Business Bookkeeping? Outsource To Online Professionals

Try KPMG Spark bookkeeping outsource professionals. Using their special online software they will process your books, file your tax returns and keep in touch.

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Profit and Loss Questions and Answers

Profit and loss questions from real businesses with my answers including loans received, rental deposits and refunds and non-working shareholder travel costs...

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8 Invoicing Apps That Will Allow You to Make and Save Money in 2020

8 invoicing apps that help you streamline your invoicing process and provide exceptional customer service, accept payments, calculate taxes and import expenses.

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Insurance Journal Entry for Different Types of Insurance

A basic insurance journal entry is Dr Insurance Expense Cr Bank. Here are over 15 bookkeeping journals for different types of insurance activities by a small business.

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Home Office Expense Costs that Reduce Your Taxes

7 home office expense costs that can reduce your taxes when self-employed; see how to calculate the deductible portion and get the free excel sheet.

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