Bookkeeping• 3 min read
Cash Flow Basics: Why Profit and Cash Are Different
A profitable business can still run out of cash. Here is why it happens and how a simple forecast helps you see it coming.
Resources
Bookkeeping
Recordkeeping, reconciliation and monthly bookkeeping practices.
Bookkeeping• 3 min read
Managing Accounts Receivable: Getting Paid on Time
Unpaid invoices are one of the most common cash problems in small businesses. Here is a simple routine for getting paid on time.
Bookkeeping• 4 min read
Monthly Bank Reconciliation: A Step-by-Step Guide for Small Businesses
Reconciliation is the habit that keeps your books trustworthy. Here is a repeatable monthly process you can follow.
Bookkeeping• 4 min read
How Long Should You Keep Business Records?
The answer depends on the record and the situation. Here is how the IRS retention periods work and a simple policy you can apply.
Bookkeeping• 4 min read
What Business Records Should a Small Business Keep?
Good records make tax time, loan applications and decisions easier. Here is what to keep and how to organize it, based on IRS guidance.