Starting a business is an exciting journey, but it’s not without its challenges, especially when it comes to managing finances. Bookkeeping, the practice of recording all your business transactions, often raises many questions among small business owners. At Taurus CPA Solutions, we’re here to address those questions and demystify bookkeeping for you.
If you’re confused about bookkeeping and accounting, you’re not alone, as these financial processes can be complex and overwhelming, especially for those who are new to them. That’s why we at CPA Solutions have taken the time to answer some of the frequently asked questions...
Continue Reading
Starting a small business is an exciting time that also comes with a lot of responsibilities. One of those responsibilities is effectively managing your business’s finances. To do this, you need to start with proper bookkeeping, which can seem intimidating at first. Bookkeeping is simply...
Continue Reading
When you’re running a business, managing business finances is one of the most important tasks, so it makes sense that you might use the terms bookkeeping and accounting interchangeably. While those functions are similar, there are key differences between the two that are important to...
Continue Reading
Maintaining your books and managing your finances is essential. Good accounting practice has evolved to become a requirement for all entrepreneurs. However, tracking your assets, liabilities, expenses, and income to ensure a healthy financial status can be complicated in running a business. Thanks to technological...
Continue Reading
When you run a small business, you want to have a clear, accurate picture of your finances. If you don’t correctly and consistently keep track of your income and expenses, your accounting records and finances become a nightmarish mess to untangle. QuickBooks is a handy...
Continue Reading
Chances are you use QuickBooks, a popular accounting software among small businesses. It helps manage income and expenses while allowing the business to track its financial health. However, it’s common for business owners to make mistakes that make bookkeeping difficult and even more time-consuming than...
Continue Reading
When you run a small business it’s easy to become overwhelmed when you have to do everything yourself, particularly the bookkeeping. It’s vital to keep accurate records that will help you maintain your day-to-day accounts and plan for the future. Below are a few tips...
Continue Reading