Category: Small Business Bookkeeping

Bookkeeping is the foundation of a successful small business. By tracking income, expenses, and financial records accurately, you’re able to make better decisions, stay compliant,

Double-entry bookkeeping is a foundational accounting method that records every financial transaction in two places: a debit entry and a corresponding credit entry. This system

So, you’ve decided to take the plunge into using QuickBooks – a smart move for any business looking to gain better control over its finances.

Which QuickBooks® version is right for your business depends on what your business needs from accounting software and what you plan on doing with the

Is QuickBooks good for landlords? QuickBooks can be a good tool for landlords, offering organization, automation, and integrations. However, its learning curve, property-specific accounting limitations,

By tracking and understanding key financial ratios, you can spot trends, pinpoint potential issues, and make informed decisions that can safeguard your business’s future. However,

How do you keep books on a rental property? You need to track income and expenses, reconcile bank accounts, generate financial reports, prepare for taxes,

Your profit and loss statement (P&L) and balance sheet are more than just accounting documents. They are the financial heartbeat of your business, revealing critical

What is GAAP in Property Management? GAAP, or Generally Accepted Accounting Principles, is a set of standardized rules for financial reporting that ensures consistency and

Reconciling your accounts in QuickBooks isn’t just a chore—it’s a critical step in maintaining accurate financial records. Think of it as double-checking your financial health.