Category Bookkeeping

Many of our clients have multiple entities and multiple CPA firms, where each brings unique insight to the larger picture. Whether you’re passing the Bookkeeping for Veterinarians business to the next generation or selling to a new owner, transition planning…

The types of bookkeeping systems used by businesses vary depending on the size and complexity of the business, as well as the specific industry. We’ve gone through the key points of bookkeeping for small business owners. We talked about the…

Step 1 The business received equipment in exchange for cash paid to the equipment manufacturing company. The accounts involved in the transaction are Equipment and Cash. Also, note again that every transaction affects at least two accounts and that the total…

However, there are some common errors that can occur when performing general ledger accounting. The General Ledger is used to create financial statements such as the balance sheet and income statement. These accounts are listed in the company’s balance sheet,…

As with other structures, however, Bookkeeping for Painters owners of a C corporation receive limited liability protection, which guards their personal assets should the company incur debts or legal issues. In addition to S corporations and LLCs, C corporations are…