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Written from real bookkeeping experience, organized by topic. Every post ends with a free, private tool, upload a bank statement to get a P&L, or paste invoices to get an aging report.

Bookkeeping Basics 13 articles

Bookkeeping Basics

Catch-Up Bookkeeping: How to Get Behind Books Current

Months or years behind on your books? Here is how catch-up bookkeeping works, what it costs, and a step by step plan t...

7 min read
Bookkeeping Basics

The Small Business Bookkeeping Checklist (Monthly, Quarterly, Yearly)

A simple bookkeeping checklist covering what to do every month, quarter, and year to keep your books accurate and tax ...

7 min read
Bookkeeping Basics

How to Read a Profit and Loss Statement (in Plain English)

A simple guide to reading your profit and loss statement, what each line means, and the numbers that actually tell you...

7 min read
Bookkeeping Basics

How Much Does Bookkeeping Cost for a Small Business?

A clear breakdown of small business bookkeeping costs, what drives the price, and how to choose between DIY, freelance...

7 min read
Bookkeeping Basics

Bookkeeping vs Accounting: What Is the Difference?

Bookkeeping and accounting are related but not the same. Here is what each one does, why you need both, and which you ...

6 min read
Bookkeeping Basics

In-House vs Outsourced Bookkeeping: The Real Cost

A clear comparison of hiring an in-house bookkeeper versus outsourcing, covering true costs, control, and which makes ...

7 min read
Bookkeeping Basics

8 Signs Your Small Business Needs a Bookkeeper

Not sure if it is time to hire a bookkeeper? Here are eight clear signs that doing your own books is costing you more ...

6 min read
Bookkeeping Basics

Cash vs Accrual Accounting: Which Is Right for You?

The difference between cash and accrual accounting explained simply, the pros and cons of each, and how to choose the ...

7 min read
Bookkeeping Basics

How to Do a Bank Reconciliation, Step by Step

A simple, step-by-step guide to bank reconciliation for small businesses, what it is, why it is the most important boo...

7 min read
Bookkeeping Basics

How to Set Up a Chart of Accounts the Right Way

A simple guide to setting up a clean chart of accounts for your small business, so your reports are clear, your taxes ...

7 min read
Bookkeeping Basics

Bookkeeping for Freelancers: A Simple System That Works

A simple bookkeeping system for freelancers: separate your finances, track income and expenses, set aside for taxes, a...

7 min read
Bookkeeping Basics

How to Read a Balance Sheet (in Plain English)

A simple guide to reading your balance sheet, what assets, liabilities, and equity mean, and what the numbers tell you...

7 min read
Bookkeeping Basics

How to Switch Bookkeepers Without Disruption

A calm, step-by-step guide to switching bookkeepers or bookkeeping services, what to prepare, what to expect, and how ...

6 min read
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