A bookkeeping system is merely an established method of tracking income and expenses so that you can readily tell how your business is faring. Although specifics can vary among companies, most adhere ...

An S corporation, no matter how small, must account for business transactions throughout the year. This is necessary to comply with federal and state tax reporting requirements at the end of the year.

For many small businesses, the most common bookkeeping errors are the easiest to fix. Use these tips to help keep your business on a sound financial footing: -- Use the right accounting system. Most ...

If you’ve ever looked at your business finances and felt confused, you’re not alone. Many people hear the terms bookkeeping ...

On a similar note, many business owners fail to recognise the importance of categorising transactions – it's far more than ...

Tax season catches the general public’s eye, and the future of auditing is very much a high-profile issue these days, but the third pillar of traditional accounting practices, bookkeeping, is facing ...