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What is double entry bookkeeping

What Is Double Entry Bookkeeping?

If you are familiarising yourself with bookkeeping-related terms, you might ask what exactly is bookkeeping?

Dig deeper and another question that may come up is ‘What is double entry bookkeeping?’

The short answer is that it is an accounting system for recording transactions that has existed for millennia. Continue reading

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What is Bookkeeping? (+ 6 Common Questions Answered)

Keeping your finances in check is critical for any business.

You don’t want to be left scrabbling for receipts or digging out invoices when tax season rolls around.

Whether you’re a big fan of the odd spreadsheet or you’re not so tech-savvy when it comes to your finances, keeping on top of your money is a must for any business to stay afloat. Continue reading

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Bookkeeping Guide Updated for 2022

When you own a small business, you know that keeping your finances in order is crucial – and that includes your bookkeeping processes.

Even though it is sometimes grouped with business accounting, bookkeeping is an important and independent part of managing your finances and ultimately growing your business.

In order to control costs effectively, manage cash flow, and generate profits, companies need financial information. Continue reading