Let me start with asking you a question… did you know that there IS a difference? The difference between bookkeeping and accounting.
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As promised, let’s continue the modified cash basis conversation that we started over here in the Accounts Receivable 101 convo…
If you want a better picture than a cash-basis** financial statement can give, in additional to tracking what your customers owe you (accounts receivable), you should track what you owe your vendors and suppliers (accounts payable).
Want to get a better handle on your business’ cashflow? Here are the basics of invoicing and accounts receivable for the non-accountant (and newbie bookkeeper).
I see it all the time. New business owners want to get paid so desperately that they don’t set up a proper invoicing and income tracking system… namely “accounts receivable”. (more…)
We’re a little over one month into the new year.
How’s it going? Are you on pace to meet your goals?
Are you hitting your financial targets?
You decided to start a business.
To go from hobby to become a “real” business…
but wait, you need a business plan. Right?
Maybe. Maybe not.
