News & Advice

Yes, you can do your own bookkeeping for your business, especially if you have a good understanding of basic accounting principles and the time to devote to the task. Many small business…

A bookkeeper is responsible for recording and maintaining financial transactions and records for a business or organization. Their primary role is to accurately record the day-to-day financial activities of the business, ensuring…

The trial balance is a fundamental financial statement used in accounting to verify the accuracy of the double-entry bookkeeping system. It summarizes the balances of all ledger accounts, both debit and credit,…

The rules of debit and credit are fundamental principles in accounting that govern how transactions are recorded. These rules ensure that accounting entries maintain the fundamental accounting equation (Assets = Liabilities +…

The software a bookkeeper should use depends on various factors including the specific needs of the business or clients, the complexity of the financial transactions, and the level of automation and integration…

No, bookkeeping is not necessarily a dead-end job. It may not usually offer the same career advancement opportunities as accounting. Here are several reasons why bookkeeping can still be a viable and…