Whether you’re interested in a career in bookkeeping, or you’re doing a deep dive into the reasons, benefits, and traits to look out for when hiring a bookkeeper for your business, there are a number of fundamentals to consider.
Many small and medium-sized businesses go along from day to day and year to year without professional bookkeeping. If their financials are very straightforward, and the staff is small – and they’ve never been audited – then the need can seem rather remote.
There is an old saying in business that cash is king. What is meant by this is a heathy cashflow is necessary for a business to survive and prosper. This is the reason that cashflow is such an important topic for a small business owner.
There’s a lot to bookkeeping and bookkeeping can be complicated, even for people who have studied bookkeeping in a bookkeeping class. That is why there are a number of common bookkeeping errors that all business owners need to be aware of.
We often get asked what the difference between a bookkeeper and an accountant is, and truth[…]