Small Business Bookkeeping: The Basics
It’s about that time of year again — no, not National Drink Wine Day (which was on February 18th just in case you didn’t catch it this year) — Tax time! Almost as exciting as National Drink Wine Day. The clock is ticking — are you ready? Inspired by this taxing time of year (see what I did there?), we decided to research some best bookkeeping practices you should maintain for your small businesses. Here are five bookkeeping basics for small business: Revenues and Expenses Think of this as the who, what, where, when and how. How much money is going out, when it went out, where it’s going, what money is coming in and who it’s going to. Make sure to record all revenue coming in and expenses incurred in…