Maintaining accurate and up-to-date accounting records is essential for small businesses. Not only do they help you keep track of your financial status, but they can also be used as evidence in the event of an audit. Here are a few accounting tips to keep in mind when storing accounting records.

What’s the difference between a bookkeeper and an accountant? This question is incredibly common. These two positions are often mixed up because they work in the same fields and because their duties overlap. So let’s clear up some of that confusion!

You want to scale and optimize your small business which means you must always know it’s value. The health and value of your business are quantifiable by maintaining a monthly or quarterly balance sheet. The balance sheet goes beyond your financial plan or profit and loss statement to determining your financial position.