If you’re hiring your first finance employee, it’s easy to get confused by all the job titles. The accounting clerk vs bookkeeper question comes up
You’ve decided you need help with your books. Now someone’s told you to get a CPA, someone else said a bookkeeper is fine, and the
The main benefits of virtual bookkeeping are lower costs, faster reports, and a team working on your books instead of just one person. Virtual bookkeeping
Your business just bought a plot of land, and now your accounting software is asking how to record it. So, is land a debit or
How much does it cost to outsource accounting? For most small businesses in the US, outsourced accounting costs between $100 and $5,000 per month, depending
If you’re deciding between outsourced bookkeeping vs hiring in-house, start by looking at the size of your business. For most businesses under roughly $5 million
The biggest bookkeeping mistake we see isn’t a wrong number. It’s waiting too long. Most business owners only think about their books in March, when
Retained earnings is the one number on your balance sheet that matches no bank account anywhere. So, is retained earnings a debit or credit? It’s
Is investment a debit or credit? It can be either. It depends on who is making the investment, which is where most of the confusion
Is capital a debit or credit? Capital is a credit. When you invest money into your business, it increases your owner’s equity, and equity accounts
