Accounting

Quickly and correctly fix your everyday bookkeeping errors by following these 6 tips. #2. Maintain daily records. This is one of the simplest rules: If you don’t keep accurate daily records, you don’t have an accurate way to track the financial condition of your business. What matters most is that you pick a method that...

For many small businesses, the most common bookkeeping errors are also the easiest to fix. Use these 6 tips to help keep your business on sound financial footing. 1. Use the right accounting system. Most businesses use either cash-based or accrual-based accounting. If you use the cash method, you count income when you receive it...