Financial Consultants: Bookkeeping vs. Accounting: Why You Should Care
What is Bookkeeping? Bookkeeping is the recording of daily transactions that cyclically follow a defined process. Bookkeeping breaks down into parts such as Accounts Payable, Accounts Receivable, and Payroll. Think of bookkeeping as the foundation of your financial data. What is Accounting? Accounting is the setting up of the Bookkeeping system, monitoring the system that […]
Financial Reporting: 4 Core Monthly Reports For Business Owners
Every business owner must know their numbers. I know, I know you hate to look at the numbers. It’s boring. But really, is that an excuse not to look? How can you make effective, informed decisions without knowing your numbers? Can you answer the following questions without too many manual calculations? Is this information easily […]