The Power of Good Records: Why Recordkeeping Matters - IRS Guidance for Small Businesses
Good recordkeeping is the foundation of a healthy business. The IRS outlines how proper records help you monitor your business progress, prepare accurate financial statements, track income and expenses, and support your tax returns. If your records are disorganized or your QuickBooks Online is a mess, you're missing critical insights about your business performance - and that's exactly what we help fix. If you can't trust the records in your QuickBooks Online file, you can't make informed decisions about your business. Clean, accurate books give you the clarity you need to truly see what's happening financially.
Accounting 101: The Basics Every Business Owner Should Know
Confused by accounting terminology? I have found that it is so helpful to understand fundamental principles and language behind all business accounting. Intuit's Accounting 101 guide covers essential concepts like debits and credits, financial statements, and basic bookkeeping practices. This comprehensive guide breaks down fundamental accounting concepts in plain language. Whether you're just starting out or need a refresher on the foundations, this resource explains the "why" behind the numbers. Understanding these basics will help you make sense of your financials with confidence.
LINK: Accounting 101 - an essential guide for business owners