Key Takeaways A balance sheet is a financial statement that summarizes assets, liabilities, and equity for a specific date. The balance...

Key Takeaways Great bookkeeping leads to great data for budgeting and planning financial activity A business budget helps you estimate...

Starting a business is exciting, but there are many aspects that need to be considered to create a successful and profitable business. Consi

The Coronavirus (COVID-19) outbreak is affecting businesses of all sizes on a massive scale. As the pandemic continues to spread around...

Cloud accounting refers to the use of an accounting system that is remotely hosted online. This revolutionary type of accounting is...

Data-based decision making involves making organizational decisions by leveraging actual and verified data rather than observation,...

Although the terms “bookkeeper,” “accountant,” and “CPA” are used interchangeably, there are notable differences between the three. Bookkeep

There are three main financial statements that help businesses to keep financial information organized. These include—balance sheet,...

While bookkeeping can be a tedious and time-consuming task, it is a necessary part of any business. Bookkeeping ensures you have accurate...