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DIY Small Business Bookkeeping: Key Terms and Concepts

DIY Business Bookkeeping: Unpacking the Essentials

Essential Accounting Support

A glossary of small business bookkeeping basics (assets, liabilities, equity, income, cash flow & financial statements) for DIY bookkeeping so you can master your own financial affairs.

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2 Women, one a bookkeeper and one an accountant, working on small business bookkeeping

The Dynamic Duo: How Bookkeepers and Accountants Work Together

Essential Accounting Support

Bookkeepers and accountants are essential to keeping your finances in order, but they play different roles. Together, they form a powerful partnership that helps your business thrive.

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5 Common Small Business Finance Mistakes to Avoid

Essential Accounting Support

Running a small business can be challenging, especially when it comes to managing finances. However, avoiding common mistakes can help ensure your business stays financially healthy. Here are 10 mistakes to avoid when managing your small business finances.

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Small Business Tax Preparation: DIY vs Hiring a Professional

Small Business Tax Preparation: DIY vs Hiring a Professional

Essential Accounting Support

Small business tax preparation. It’s a lot. You may be wondering whether you should handle preparing your taxes for your accountant on your own (DIY) or hire a professional bookkeeper. In this article, we’ll explore the benefits and drawbacks of each option to help you make an informed choice.

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Bookkeeping in March - what's important to do?

What’s Important About Bookkeeping in March

Essential Accounting Support

Let’s explore the 5 important tasks that small business owners should do if they want to stay on top of their bookkeeping in March.

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Two women looking at a computer screen - a business owner and her bookkeeper working on the business finances

What Small Business Should Know Before Hiring a Bookkeeper

Essential Accounting Support

Are you tired of juggling finances for your small business? Find out why you should consider hiring a bookkeeper to help with accounting, payroll, and other financial tasks.

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Can You Deduct Client Gifts

Can Your Business Deduct Client Gifts?

Essential Accounting Support

The answer to whether you can deduct client gifts is that it depends. You can deduct client gifts, but there are limitations to the type and value of gifts that you can deduct. 

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virtual bookkeeper reviewing financial paperwork

What Is a Virtual Bookkeeper?

Essential Accounting Support

A virtual bookkeeper is just like any other bookkeeper AND an independent contractor who can work from anywhere. Let’s take a look at some advantages of virtual bookkeeping.

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Calculator with COST in the display window

Understanding the Cost of Bookkeeping for Small Business

Essential Accounting Support

Small businesses have many options for bookkeeping, internal and external, this article explains these options and the cost of bookkeeping.

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action steps for third quarter bookkeeping

Action Steps for Third Quarter Bookkeeping

Essential Accounting Support

Third-quarter bookkeeping is about investing time to set yourself up for future success. By looking ahead one full quarter (or more), you’re better able to plan and implement things that will positively impact your business. Here are the tasks you should be doing in 3rd Quarter.

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