Processing Credit Card Transactions The Right Way Set Up The Account in Chart of Accounts It’s important to process credit card transactions correctly so your books are in good order and you have the details essential to sound business decisions…
What Is Alter Ego Doctrine? Alter ego doctrine is a legal circumstance used by the court to determine if a company and it’s owner or shareholders should be treated as one and the same entity instead of enforcing the protections…
Sales Tax Issue Prevention List The following list will help ensure all of your sales tax issues are correct from the get go. I recommend keeping a sales tax worksheet for each year or period to reflect current figures used,…
Getting Started with QuickBooks Online Secure the QuickBooks Online module of your choice from Intuit. I would suggest you stay on the low side at least until you discover you need more advanced features. You can always upgrade. When this…
Your Cash and Your Bank Statements. In bookkeeping, Cash is an “asset” and assets are always a debit on the books while the money you spend credits cash and debits the expense. Many people unfamiliar with bookkeeping and financial jargon…
The Highlights of QBO Set-up Setting up QuickBooks Online is pretty easy with their guided set-up. Here I will stress a few things that I consider important to start. If not using the guided set-up, you can reach this area…
Bookkeeping Is Bookkeeping is the ensuring of the correct flow of transactional information into a specific format designed to give a good overview of financial activity regarding things owned, debts due, revenue and expenses. In order to obtain all this…
Basic Bookkeeping Knowledge Basic bookkeeping knowledge is the background of every bookkeeping task. One must understand the basics of what you seek to learn before reliable results can be obtained. There are many accounting systems out there, but systems are…
My Mission Is To Help You Achieve Your Goals I am building this Bookkeeping Blog because I am all about helping people achieve their dreams and building financial independence. I believe we can learn anything we decide to dedicate ourselves…