Bookkeeping Software for Small Business

Bookkeeping is a necessary component for any type of business, yet it is often neglected or done quickly or improperly because it is a tedious task.  While traditionally bookkeeping was always done by using a paper ledger and pencil, today there are many bookkeeping software options that help to make the process a bit more user friendly.  That being said, the number of choices on the market may cause your head to spin even more than the process of keeping the books itself.  In order to help you sort through all of these options, here a couple of things to consider when choosing bookkeeping software for your small business. Read more

Cash vs. Accrual Accounting – Which One is Right for You

When setting up a new business you are faced with a wide variety of decisions. One such decision is how you will be keeping your books. Deciding if you should keep a cash accounting system, or an accrual accounting system depends a great deal on what type of business you run. In order to choose the best method you must take into consideration the current size of your business, your plans for the future, and if third parties (such as shareholders, or lenders) will be involved. This being said, you may still be left wondering which system is right for you. Read more