Monthly Archives - July 2019

restaurant bookkeeping

What is The Best Bookkeeping Software For a Restaurant?

Running any form of small business is stressful and challenging, but the restaurant industry can be particularly tricky, because there are so many costs to take into account, and income can be so variable.  Restaurants have both fixed and variable overheads, and it is likely that they will be taking in a lot of cash on a day to day basis.  This means that good record-keeping is essential. Let’s take a look at some of the best accounting software for restaurant [...]

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General Bookkeeping: The Four Element System [2019]

What Is The Four Element Bookkeeping System?

Bookkeeping is the process of recording daily transactions for a business.  That is a brief way of defining it but that can also oversimplify the actual work which goes into the process.  Bookkeeping is more involved than the simple recording of income, expenses and a tally of how much cash is on hand.  It is also used to protect a business’s assets and note errors before they become problems at tax time.  The following information explains general bookkeeping using the four-element system. Cash Income and [...]

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bookkeeping basics

Understanding Bookkeeping Basics

Bookkeeping is the core of the accounting system for all businesses.  The people responsible for it are tasked with recording and categorising financial transactions as well as the techniques of recording those transactions.  Small business owners are quick to disregard the significance of bookkeeping due to the lack of knowledge of what it entails and how essential it is to their entity.  This article will look into the fundamentals of bookkeeping and help you understand more about it. Who is An Accountant? A bookkeeper [...]

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tax-late

Tax Late? 5 Signs Your Business Needs A Bookkeeper

Owning a business comes with a great deal of responsibility, including making sure that your finances are in order.  You may have tried handling this on your own, but hiring a bookkeeper would be in your best interest.  Here are 5 reasons to bite the bullet and seek out professional help. 1. On-Time Tax Filing When you run a business, it is easy to get so caught up in all of the daily tasks that you forget about tax deadlines.  If you pay taxes [...]

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