Bookkeeping

Before you hire a bookkeeper, you must understand which type is right for your business. Here are the advantages and disadvantages of hiring a bookkeeper for your business. Otherwise you could end up with several months’ worth of receipts and invoices to be processed. That will take time and...

Reversing entries are the reversals of accrued journal entries in order to back out the accrual and make space for the actual, meaning the real expense/revenue entry. Reversing entries simplify the bookkeeping process and minimize errors that might come from overstating expenses and/or revenues if accruals are kept in...