The Importance of Bookkeeping For Your Business

Whether you’re a start-up business owner looking to expand your operations or you’re simply preparing for tax season, bookkeeping and record-keeping is a fundamental part of keeping your business financially healthy. Establishing a business from scratch doesn’t just happen overnight, and maintaining the financial records is crucial as that is what will fuel your business keep it up and running.

Read More
Kelly Gonsalves
Understanding Equity and How It Affects Stocks - Bookkeeping 101

Every type of business out there — whether it’s for-profit or a non-profit — has an owner or a set of owners. This is regardless of what industry the business is in. Aside from having the title of “big boss man” and bragging rights of owning a business, another thing that business owners have (which is the most important thing) is equity. Now, you might associate equity with stocks, shares, and returns, but it involves far more than making a quick buck.

Read More
Kelly Gonsalves
How to Do Accounting for Cryptocurrency Transactions

Many think cryptocurrency is an accountant’s nightmare. But, usually, when someone says that it can be difficult to keep track of everything and file the right paperwork, that just means they lack the experience and understanding needed to do accounting with cryptocurrency. In this article, we’ll discuss everything you need to focus on so you can improve the process when you’re planning to delve into the cryptocurrency market. That said, let’s get to it.

Read More
Kelly Gonsalves
Ways to Pay Yourself As a Business Owner - Accounting 101

As a company owner, you are certainly getting paid somehow. That being said, it does not necessarily mean that your approach is the most effective one. If you underpay yourself, you may not make enough money to make ends meet. However, if you overpay yourself, then you may be putting your company’s financial health at risk. This article will discuss some options for how small business owners can pay themselves so that you know which method will work best for you.

Read More
Kelly Gonsalves