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Why do I need a bookkeeper?

Many new business owners think it’s not going to take much of their time because they don’t have many transactions at first, so they’ll do their own bookkeeping to save the cost. In many cases one of two things happens … they end up with a shoebox full of receipts at the end of the […]

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What is bookkeeping?

In the normal course of business, a document is produced each time a transaction occurs. Sales and purchases usually have invoices or receipts. Deposit slips are produced when deposits are made to a bank account. Cheques are written to pay money out of the account. Bookkeeping involves recording the details of all of these documents […]

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Why is cash flow management important?

Cash flow is the lifeblood of small businesses. Cash comes from sales, collections of account receivables, and the sale of assets. On the other hand, cash flows out to meet all expenses and debt obligations of the business. The goal of good cash flow management is to have enough cash on hand when you need […]

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