Why is Bookkeeping Important?

Bookkeeping is defined in the dictionary as being “the work or skill of keeping account books or systematic records of money transactions.” One of the first things we learn when starting a business is to keep accurate records of everything that comes in or out. We hoard receipts, make sure to send invoices when asking […]

What is the Difference between Service, Inventory, and Non-inventory in QBO?

You’ve gotten your business set up, you signed up with QBO, and now you’re ready to enter your Products and Services. After finally finding it (they hide it in the Sales tab), you go to put in your lawn mowing service, which is straight forward enough. The only thing to really check is confirming whether […]

Ok, but What Do You Do as a Bookkeeper???

Recently a fellow bookkeeper was asked what she does for a living to which she replied bookkeeping. The person then said, “Oh good, because I don’t like the way my cookbooks look with my children’s books.” That isn’t exactly what bookkeeping is. 🙂 I’ve gotten the question of what is bookkeeping or what do bookkeepers […]

Bookkeeping Behind the Scenes: What is the Bookkeeping Cycle?

Money in, money out, money in, money out… so goes the month. You go into your QBO, add these transactions to the file, check out your financial statements, end of story, right? Not quite. More happens behind the scenes than what shows on your QBO dashboard. Back in the day when actual “books” were used, […]

Why you need a quality bookkeeper during a pandemic?

With the pandemic seeming to never end, small business owners are trying to reduce their money output to save money and keep their business running. Some may be thinking of letting their bookkeeper go. While this is completely understandable, let me tell you reasons why you, as a business owner, should hold onto your bookkeeper. […]