When business owners think about bookkeeping, they usually picture transactions, reconciliations, or tax preparation. Very few think about the Chart of Accounts. Ironically, it’s one of the most important parts of your accounting system. Your Chart of Accounts is the foundation that every financial report is built on. Every sale, every expense, every loan payment,Continue reading “Why Your QuickBooks Chart of Accounts Matters More Than You Think”
Tag Archives: small business bookkeeping
Why “Catching Up Later” on Your Books Costs More Than You Think
For many small business owners, bookkeeping starts with good intentions. You plan to stay organized. You plan to keep things current. But as the weeks get busy, bookkeeping slowly moves down the priority list. A few transactions turn into a few weeks. A few weeks turn into a few months. And eventually, it becomes somethingContinue reading “Why “Catching Up Later” on Your Books Costs More Than You Think”
April Bookkeeping Checklist: A Simple Spring Financial Checkup for Small Business Owners
April is when many business owners finally have the information they need to evaluate how the year is really going. Tax season is wrapping up, the first quarter of the year is behind us, and many business owners are finally able to take a breath after gathering documents and meeting deadlines. This makes April theContinue reading “April Bookkeeping Checklist: A Simple Spring Financial Checkup for Small Business Owners”
Gwinn Bookkeeping 