Manual or Single Entry Bookkeeping

If you have experience on double entry/ software accounting, you will learned that a business transaction occurs and is recorded within the software debiting and crediting related accounts selected from your Chart of Accounts. There are six major types of accounts:...

The Importance of Recordkeeping For Small Business

The purpose of any business financial recordkeeping system is to provide a clear vision of the relative health of the business, both on a day-to-day basis and periodically. We have seen a lot of small businesses fail. Often times, the reason is due to business owners...

What Type of Bookkeeping System Should I Get?

As a business person, you can either choose to handle your bookkeeping manually, or you can go for the programmed computer software. Both bookkeeping methods, be it either by using computerized software or manually, have their own advantages and disadvantages. Manual...