What Are Long Term Liabilities? Explanation & Examples

Long term liabilities can be a positive or a negative for your business, depending on how you handle them. In this post, we’ll go over what they are, how they affect your business, and how to manage them.     What are Long Term Liabilities?   Long term liabilities are financial obligations that your company… Continue reading What Are Long Term Liabilities? Explanation & Examples

20 Must Ask Bookkeeping Interview Questions (With Answers)

We find that many business owners struggle with bookkeeping interview questions. Most business owners are not financial experts, to begin with. Many will not even know enough about bookkeeping to know where to begin.     In this post, we’ll give you 20 of our favorite interview questions to ask bookkeeping candidates. We borrowed these… Continue reading 20 Must Ask Bookkeeping Interview Questions (With Answers)

10 Reasons Why Bookkeeping Is Important For Growing Businesses

  You may wonder, “Why is bookkeeping important for a small business?” If you’re just starting out, shouldn’t it be low on your priority list? That begs the question, “Why is accounting important in business?” Or, for that matter, why is record keeping important in general?   In this post, we’re going to go through… Continue reading 10 Reasons Why Bookkeeping Is Important For Growing Businesses

Bookkeeping Basics PDF for Small Business Owners

  Wish you had a bookkeeping basics PDF with the essentials you need to know about doing your books?   Your wish is our command!   In this post, we will go through the fundamentals of bookkeeping from definitions to concepts and key processes. By the end you should have a foundational understanding of financial… Continue reading Bookkeeping Basics PDF for Small Business Owners

A Comprehensive Bookkeeping Services Price List for 2023

  We heard you, and we’re pleased to present our 2023 bookkeeping services price list!   1. Bench   “Accurate financials. Total peace of mind.”     Best For   Bench is focused on helping small business owners to save time and money by taking over bookkeeping and income tax work so they can focus… Continue reading A Comprehensive Bookkeeping Services Price List for 2023

How to Find and Use the Shopify Refund Report For Your Online Store

  Your Shopify refund report, sometimes also called the Shopify returns report, is part of your sales report. You can look at the data on these sales reports to know details about your customers’ orders. This includes information like what they bought most and where they made these purchases. You can also see how much… Continue reading How to Find and Use the Shopify Refund Report For Your Online Store

11 Bookkeeping Examples of Transactions, COA, Reports, & More

Have you ever looked at bookkeeping examples of transactions and wondered how to make sense of them?    Good news, cause we’re going to help you read these transactions with clarity and understanding!      In this post, we’ll begin by defining what a Chart of Accounts is. Then, we will break down some common… Continue reading 11 Bookkeeping Examples of Transactions, COA, Reports, & More

Net Income vs Retained Earnings: What’s the Difference?

  What is net income vs retained earnings?    In this post, we’ll be going through these two important terms related to company profits. We will cover how to calculate them, what the differences between them are, the types of earnings and income, why they are important, and more.     What is Net Income?  … Continue reading Net Income vs Retained Earnings: What’s the Difference?

Burn Rate Calculator: Calculate Your Monthly Burn & Runway

  What is burn rate and how can I use a burn rate calculator to get a better view of my expenses?   It’s common knowledge that businesses aren’t usually profitable in the first year. Startup owners and small businesses looking to expand typically rely on personal funds, venture capital, and other investments. It’s not… Continue reading Burn Rate Calculator: Calculate Your Monthly Burn & Runway

CFA vs CPA: Top 10 Differences to Know

  CFA vs CPA, what are they? What’s the difference? Is one better than the other? Do I need one?    We’re glad you asked and we’re here to shed some light. Let’s start with the basics.    What Is A CFA?   A CFA charter or the designation of Chartered Financial Analyst is a… Continue reading CFA vs CPA: Top 10 Differences to Know

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