Original Article Source Credits:   Entrepreneur , https://www.entrepreneur.com/

Article Written By:  Tom Wheelwright

Original Article Posted on:  September 29, 2020 

Link to Original Article:  https://www.entrepreneur.com/article/356679

Original Article Source Credits:   The Motley Fool -  The Blueprint , https://www.fool.com/the-blueprint/

Article Written By:  Mary Girsch-Bock

Original Article Posted on:  November 7, 2020

Link to Original Article:  https://www.fool.com/the-blueprint/account-reconciliation/#:~:text=If%20you%20use%20double%2Dentry,reflected%20in%20your%20general%20ledger.

Original Article Source Credits:   The Blueprint , https://www.fool.com/the-blueprint

Article Written By:  Mary Girsch-Bock

Original Article Posted on:   September 10, 2020

Link to Original Article:  https://www.fool.com/the-blueprint/bookkeeping-vs-accounting/

Original Article Source Credits:   The Blueprint , https://www.fool.com/the-blueprint

Article Written By:  Mary Girsch-Bock

Original Article Posted on:  NA

Link to Original Article:  https://www.fool.com/the-blueprint/bookkeeping-basics/

Account management and bookkeeping is an important part of running a successful business. The recording of all business transactions is required in order to have a complete understanding of the financial standing of a business.

Original Article Source Credits:   The Balance , https://www.thebalance.com/

Article Written By:  Justin Pritchard

Original Article Posted on:  September 07, 2020

Link to Original Article:  https://www.thebalance.com/bank-reconciliation-315188

I’m Dawn Hayes, the proud owner of Savvy Bookkeeping. 

I look forward to sharing my story. I hope that you will enjoy getting to know me better.

We are delighted to announce the launch of our new website!

New Website Coming Soon!

Step 4: Reconciling the accounts Congratulations! You're on top of all of the steps. You log in to your bank account and there's plenty of money. You do a happy dance and congratulate yourself - I'm killin' it! - Not so fast... Have all the checks been cashed? Did your deposits clear? What? You don't know? Without that knowledge, you don't know what money is leftover. And that's when checks start bouncing. And your vendors get angry. And your credit score goes down. The accounts need to be reconciled every month. Every. Month. Credit card statements, too. Reviewing what went out is a pretty…

Step 3: Organizing the data Now that you are using your bank accounts properly, and tracking your income and expenses, and receiving all kinds of statements - what do you do with it all? How are you tracking your new banking info? Shoeboxes full of receipts and statements, envelopes, spreadsheets, notebooks - anything is better than nothing. As long as it makes sense to you. Ideally, you'll be using software meant for money management. QuickBooks is the most popular - there's also Xero - both online choices. Why is this better than your handwritten list? Or your elaborate spreadsheet that is…

Step 2: Break out personal and business expenses  In the silver post, I made the point about the importance of separating funds with business and personal accounts. Now that you' ve done that, you should be categorizing your expenses there is often confusion or misinterpretation about what is " business expenses s play a quick game of True or False: True or False? On the way to a client meeting, you stop for breakfast at Dunkin' Donuts. Business Expense? How about if you buy breakfast for the client also? True or False? The fee for attending a networking event. And parking. And the…

Are you breathing easier now that October 15th has come and gone? Finally, got that extension filed and now you can get back to focusing on your, business? What would it feel like to not sweat it when tax time comes around? How great would it be to easily provide your account with all the info they request, without feeling panicked or a sense of dread? How much time would you get back if you had a system that prevented chaos? Good news! There is a way to build a simple system and stay on track. Over the next few weeks,…