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TABLE OF CONTENT Get to love your numbers Financial statements - Make it easy Balance Sheet (B/S) Profit & Loss Statement (P&L) Get to...

Bookkeeping is essential for every law firm, even if it brings back unpleasant memories of "math classes" in school. You can make...

According to the IRS, it is a must that all businesses keep basic financial records in order to track gross receipts, purchases,...

There is some steps business owner can take to minimize the risk of getting your tax returns flagged by the IRS for manual processing — a...

There are many small businesses that are getting PPP loans. Besides, there are even more businesses that are lining up to receive funds...

For every small business owner, cutting down costs to optimize profit is a complicated decision. Because cutting costs sometimes might...

The Profit & Loss statement or P&L is an account compiled to show a business’s revenue, expenses, and net income over a given period of...

Why Would You Need to Do a Bank Reconciliation Monthly? Bank Reconciliation

The ability to effectively manage your account receivables (AR) is a prerequisite for running a successful business. It is unfortunate...

In the construction industry, the value of correct accounts payable and other accounting records cannot be underestimated. These expenses...

As a result of an inefficient AP process, companies may accumulate late payment fees, make duplicative payments, or fail to pay invoices...

Since the COVID-19 pandemic happened, businesses all over the world have experienced a lot. Appropriate accounts receivable management becom