Key Takeaways QuickBooks Online: Most CPA-compatible. Best for businesses that work with accountants. Xero: Modern interface, strong for inventory and multi-currency operations. Wave: Free for basic needs, but
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Monthly Bookkeeping: Why Timing Matters for Tax Season
Key Takeaways Monthly bookkeeping catches issues in 30 days. Annual bookkeeping catches them in 365. SDO delivers monthly financials within days of month-end (not the industry-standard 15-30 days).
Bookkeeping for LLCs: Complete Guide for Single and Multi-Member
Key Takeaways Single-member LLCs are disregarded for tax purposes. Bookkeeping supports your Schedule C. Multi-member LLCs file as partnerships. Bookkeeping must track partner capital accounts. LLCs taxed as
How to Do Bookkeeping for Your Small Business
Key Takeaways DIY bookkeeping works for businesses with fewer than 100 transactions per month and simple structures. The core process: Record → Categorize → Reconcile → Report. Budget
Small Business Bookkeeping Checklist: Daily, Weekly, Monthly Tasks
Key Takeaways Daily: Record transactions, categorize expenses, check bank feeds (15-30 minutes). Weekly: Analyze cash flow, send invoices, follow up on receivables (1-2 hours). Monthly: Reconcile accounts, generate
Bookkeeping vs. Accounting: What’s the Difference?
Key Takeaways Bookkeeping is recording transactions. Accounting is interpreting what they mean. Bookkeepers handle daily transaction entry, categorization, and reconciliation. Accountants (CPAs) handle tax returns, financial analysis, and
Bookkeeping Basics: A Complete Guide for Small Business Owners
Key Takeaways Bookkeeping records every dollar in and out of your business. It’s the foundation of accurate tax returns. Double-entry bookkeeping means every transaction affects two accounts (debit
Catch-Up Bookkeeping for Small Businesses: The Complete Guide to Getting Back on Track
TL;DR Catch-up bookkeeping involves organizing and updating months or years of neglected financial records to create accurate, compliant books. Most small businesses can get caught up within 2-4
The Complete Independent Contractor Tax Guide 2025: Save Thousands with Smart Planning (Free Tracker Included)
TL;DR Independent contractors face unique tax challenges including quarterly payments, self-employment tax, and complex deductions. This guide covers everything from choosing the right tax forms to maximizing write-offs
How to Outsource Your Bookkeeping: A Step-by-Step Guide for Businesses Seeking Outsourced Bookkeeping Services
The demands of a growing company can stretch even the most diligent business owners thin. Management teams often try to juggle product development, marketing, sales, and strategic planning—all