A business owner's guide to bookkeepingJuly 27, 2022
What is bookkeeping?
How does bookkeeping differ from accounting?
|Record financial statements and categorise transactions||Prepare adjusting entries|
|Send invoices and records transactions||Analyse operation costs|
|Conduct bank reconciliations every month||Making financial decisions based on data|
|Generate monthly financial statements||Review and analyse financial statements|
|Process payroll||Assess financial health to map financial forecasts|
|Prepare books for accounting analysis||Run audits|
|Generate year-end financials and tax documents||File tax returns, conduct tax planning and provide tax advice|
Why is bookkeeping important?
What’s the difference between single-entry and double-entry bookkeeping?
How can I manage my bookkeeping?
Good bookkeeping practices
Start bookkeeping early
Keep work accounts separate from personal accounts
Record all transactions
Always keep receipts
Hiring a bookkeeper
Bookkeeping with Ember
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