Author: Julia Valdez

  Are you looking for an accounting solution and other methods to improve your financial management? Well, in this article we will talk about the accounting process and ways you can refine the way you do your books.    1. Streamlining Your Accounting Process   If you’re new to accounting, or you are doing it… Continue reading Accounting Solution Options: The Top 10 Ways to Get Your Accounting Done

  At EcomBalance, we are very familiar with Form 1096. That’s because this is the form that you need to use when you hire freelancers. Freelancers are part of the category of contractor. This means anyone you hire who is not an employee.   Form 1096 goes along with Forms 1099-NEC or 1099-MISC, which you… Continue reading What is Form 1096? Explanation & Examples

  What are debits vs credits? How do they relate to each other and why are they important?  You may not be an accountant or a bookkeeper, but it’s important to know these terms. As a business owner, this is how you know what money is coming in and what money is going out of… Continue reading Debits vs Credits: A Guide with Examples & How To’s

  How do I calculate my bottom line using the net income equation?    In this post, we’re talking all things net income and how to calculate it. We’ll go through factors affecting your net earning and what you can do to mitigate them.    What is Net Income?   Net income, also popularly known… Continue reading Net Income Equation | How to Calculate the Formula w/ Examples

  What is a fractional bookkeeper and how can I benefit from hiring one?    Below we’ll talk about this versatile solution and what duties these bookkeepers can perform. Later on, we’ll also share some advice for looking for and working with these people.    What is a Fractional Bookkeeper?   As the name suggests,… Continue reading What Is a Fractional Bookkeeper? Definition & Examples

  I recently needed to level up in the area of bookkeeper skills for my business. I haven’t engaged a bookkeeper in a while, so I was unsure of how to begin. I started by asking myself some questions. One of them in particular really sparked my interest:    “What are the top 3-5 skills… Continue reading 11 Most Important Bookkeeper Skills to Look For When Hiring a Bookkeeper

  It’s important to know top line revenue vs bottom line revenue. You can see a huge difference between them because what’s in between is expenses.   In this post, we’ll walk you through top line revenue vs bottom line revenue. We’ll talk about what affects both numbers and how to calculate and manage them… Continue reading Top Line Revenue vs Bottom Line Revenue: Differences, Examples, & How to Analyze