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Hi there... Welcome to my Bookkeeping Blog where I will keep you up-to-date on all things bookkeeping.
How is sales tax calculated? The main formula is: the price multiplied by sales tax rate, see more formulas, lots of examples, get free Excel calculator.
What is sales tax? It is a consumer tax charged to customers and paid on to the government by the business making the sale. Technology can help automate this process.
The main types of bookkeeping accounts are assets, liabilities, equity, revenue and expenses which can be further classified into real and nominal accounts
Continue reading "Types of Bookkeeping Accounts Used To Organize Income and Expenses"
9 Key reasons for the importance of a bookkeeping system - stay profitable, breeze through tax season, business growth, sleep well at night.
Continue reading "Importance of a Bookkeeping System - 9 Key Reasons"
What is the best business bookkeeping software for your business? We compare Xero vs QuickBooks vs FreshBooks vs free software and help you narrow down which one to use.
Continue reading "Best Business Bookkeeping Software Choices"
These are the best free bookkeeping courses online for anyone in business who must understand business accounts. Learn the bookkeeping language, how to balance the books, how to manage finances, double entry bookkeeping and how to use financial reports
Continue reading "10 Free Bookkeeping Courses to Understand Business Accounts"
Accounts receivable collection: Here are 5 steps to get late paying customers to pay their accounts including example phone calls and emails to make the process easier.
A free excel cash book course to help new small businesses immediately start their bookkeeping in Excel - includes loads of bookkeeping tips
Continue reading "Excel Cash Book Course For Easy Bookkeeping"
Is bookkeeping hard? Here is what busy startup owners should consider when bookkeeping for their own business, and tips for those thinking of a career in bookkeeping.