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Successful Setup Of Your Chart of Accounts

Chart of Accounts - What is it? What does it do? Why do I need it? How do I make it? The Chart of Accounts - What Is It? The Chart of...

5 Reasons You Need To Hire A Professional Bookkeeper

As an accounting professional for over 25 years, I have had the pleasure of working with several business owners. As a business owner...

What Tax Deductions Can I Take As An Independent Representative Or Direct Marketing Representative?

If you are an Independent Representative for a direct selling company, you are a business owner. Many people forget this because in some...

What Are Financial Statements?

The most common financial statements used are the Profit & Loss and the Balance Sheet.⁠ The Profit and Loss Statement shows if your...

Why Business Owners and Entrepreneurs Need To Have Organized Financial Statements

Many business owners/entrepreneurs ask me why the financial statements for their business are so important. Honestly, that is a wonderful...

What is Owner's Equity and Owner's Draw In Bookkeeping?

If you own a business as a Sole Proprietor, you will probably have Owner's Equity. Often, to start a new business, the business owner...

Liabilities vs Expenses, What Is The Difference?

Many people get liabilities and expenses mixed up or think they are interchangeable in accounting. Technically speaking, that is incorrect..

How Do I Set Up My Chart Of Accounts?

A common question I get often is, "What is a Chart of Accounts and how do I set it up?" The short answer to this question is, your Chart...