How To Start A Virtual Bookkeeping Business

by | Jul 2, 2024 | Bookkeeping

Let’s look at how virtual bookkeeping works, then figure out whether it’s a good fit for your business. Selecting the right virtual assistant for accounting/bookkeeping means finding someone who aligns with your business in skill, communication, security,...

What Travel Advisors Should Know About 2021 Taxes

by | Mar 14, 2023 | Bookkeeping

On a business trip, you can deduct 100% of the cost of travel to your destination, whether that’s a plane, train, or bus ticket. If you rent a car to get there, and to get around, that cost is deductible, too. For example, say you’ve rent a room or a studio...

Bookkeeping Debits and Credits in the Accounts

by | Nov 22, 2021 | Bookkeeping

Accounts like Cash, Equipment, and Inventory have a debit balance. Understanding this is important for showing their value on the balance sheet. Then we translate these increase or decrease effects into debits and credits. Analyzing Account Balances for Accuracy...

Different Types of Accounts in a Business

by | Sep 7, 2020 | Bookkeeping

The first three are assets, liabilities, and equity, which flow into the balance sheet. The remaining two are income or revenue and expenses, which flow into the income statement. Some businesses also include capital and financial statement categories. You may also...