Mar 9, 2018 | Bookkeeping
Earnings before taxes (EBT), also known as profit before taxes, is an accounting metric that measures the amount of profit a business makes before taxes and interest payments on debts (where applicable) are deducted. So what does earning before taxes mean for your...
Mar 2, 2018 | Bookkeeping
A business owner’s main goal is to remain profitable, and while it may seem like increasing sale prices or cutting costs are easy ways to achieve that – business finances are seldom as straight-forward and those two strategies alone cannot result in high...
Feb 23, 2018 | Bookkeeping
All businesses require some form of bookkeeping help across various scenarios. There are also quite a few options available to them, ranging from hiring a full-time bookkeeping staff (or team) to hiring a freelance bookkeeping firm or even hiring a virtual bookkeeper....
Feb 16, 2018 | Bookkeeping
The General Ledger is one of the most important components of any accounting system, and you will need to know what it is and how it works, to understand basic bookkeeping, particularly if you want to handle your own books. In bookkeeping/accounting, there are three...
Feb 9, 2018 | Bookkeeping
So, what is double entry accounting? Double-entry bookkeeping/accounting is an accounting technique where two entries are made for every transaction. Who invented double entry accounting? There is a common misconception that double-entry bookkeeping was...
Feb 2, 2018 | Bookkeeping
The decision on whether or not to do your bookkeeping should be made with careful consideration of two critical factors: first, do you have the necessary bookkeeping skills? And second, do you have the time? If you meet both conditions, you could save money in...
