Bookkeeping

Setting up a bookkeeping system for your small business is essential to complying with IRS regulations. You need to maintain essential financial records to accurately monitor your gross receipts, expenses, purchases, and other transactions. The type of record-keeping system you choose is entirely up to you. However, it’s crucial to design a well-organized system that […]

When most people analyze the distinction between bookkeeping and accounting, they find it challenging to distinguish the two procedures. While bookkeepers and accountants provide comparable functions, they aid your company at different stages of the financial cycle. Bookkeeping is the recording of financial transactions and is more transactional and administrative in nature. Accounting is more