Monthly Archives - June 2019

Advantages And Disadvantages Of Double-Entry Bookkeeping

Advantages And Disadvantages Of Double-Entry Bookkeeping

You may have heard people in finance mention double-entry bookkeeping and wondered what the big deal is.  This is a method of bookkeeping that has many advantages as well as disadvantages.  Before deciding whether this is an option for your business, it would be a good idea to continue reading to learn more about what can be expected. Advantages This method of bookkeeping makes it easier to create a balance sheet. Once the fiscal year is over it will make it simple for [...]

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Bookkeeping Basics For Small Businesses Owners

Bookkeeping Basics for Small Business Owners

When you buy a new car you want reassurance that you scored a great deal. You’ll probably listen to the engine sounds, check the oil, check the tires and much more. It’s unlikely that you’ll pack it away in your garage or check on it every second. However, as you keep using your vehicle, you’ll naturally keep performing certain checks to make sure your car is still in good condition. In the same way, small businesses need bookkeeping services when [...]

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golden rules of bookkeeping

6 Golden Rules To Follow When Bookkeeping

Many people do not realise how important solid bookkeeping is to the success of their business. While making money is important, there needs to be a system in place to ensure that every bit of money is accounted for. Whether you decide to handle things on your own or call in a professional, here are some golden rules that need to be followed. 1. Never Mix Business And Personal Finances This applies to business owners as well as those they may [...]

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hire a bookkeeper

Why Should You Hire A Bookkeeper?

Bookkeeping involves the recording of important financial transactions of a business on a day-to-day basis. A bookkeeper should maintain accurate financial records of a business and keep them up to date. Accuracy is the keyword when it comes to keeping books on behalf of a business. Bookkeeping is a highly specialised job that should be performed by a professional who is trained and experienced in the subject. A bookkeeper is a person who maintains accurate financial records on behalf [...]

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