by Karla Dennis | Oct 5, 2015 | Blog
The flow of money in a company is bewildering. Companies make a lot of purchases, pay a lot of expenses, owe money to several entities, acquire sales, and collect money from its clients. hese transactions must be tracked so that the company would be able to determine its financial standing. The responsibility of documenting these important transactions goes to the bookkeeper. Typically, a business follows a standard bookkeeping process. Normally, during the course of a business transaction, a document is produced. Examples of these documents are invoices or receipts, which are issued for sales and purchases. Deposit slips are produced when the company deposits money to their bank accounts. Checks are used to pay certain accounts. read...
by Karla Dennis | Oct 4, 2015 | Blog
Companies normally have a lot of financial transactions. They need to keep track the flow of their money. The activity of recording and tracking all the financial transactions performed and done by the company is bookkeeping. ookkeeping is not only for big companies and corporations. Single individuals and home businesses also do bookkeeping. Although small business bookkeeping is a lot simpler than that of large companies, it is nevertheless important. Just like in big companies, small business bookkeeping involves keeping records of what it sold, bought owed and owned. It is up to the owner to track of the money the business receives, releases and saved. In small business bookkeeping, it is important to be aware of some simple bookkeeping principles. read...
by Karla Dennis | Oct 2, 2015 | Blog
Everyday, every firm experiences a dynamic flow of its money. To keep track of its money, it needs to do bookkeeping. ookkeeping is the activity of recording all the financial transactions performed and done by the company. Financial transactions are defined as all occasions that involve a movement of money. They entail a change in the status of the finances of two or more business establishments or individuals. There are several types of financial transactions that a company regularly engages in. The most common one is purchases. A purchase is an exchange of a good or service for money. This type of transaction decreases the finances of a purchaser but increases that one of the seller. read...
by Karla Dennis | Oct 1, 2015 | Blog
Basic Bookkeeping 101 In a single day, a business makes a lot of financial transactions. Basing on that premise, a company needs to continually keep track its flow of money. The responsibility of tracking and monitoring these important transactions is basic bookkeeping, and should go to the bookkeeper. Basic Bookkeeping is the monitoring, recording and tracking all the financial transactions performed and done by the company. The term “company” includes large corporations, medium scale business, small scale business and home businesses. read...
by Karla Dennis | Oct 1, 2015 | Blog
October 1-31 National American Pharmacists Month. As you celebrate the contributions made by pharmacists, consider your healthcare plans. How much do your prescriptions cost each month? 2 5 Name Your Car Day.While you think of a fun name for your car, you can also examine your car payments and insurance statements. Are you paying too much? Child Health Day. Reflect on your love for your children and think about their healthcare. Does your plan provide enough coverage for them? 12 Columbus Day.Christopher Columbus set aside his fears to sail to a new world. Consider how you can safely take personal finance risks to reach new goals. 15 Get Smart About Credit Day. Get a copy of your credit report from each credit agency and ensure it is accurate. 16 Take Your Parents To Lunch Day. As you enjoy the lunch, consider asking your parents about their financial status and retirement plans. 19 21 23 Clean Your Virtual Desktop Day. Get rid of old documents, files, and programs you no longer need. Consider how to consolidate your financial statements and emails. Support Your Local Chamber of Commerce Day. Your Chamber of Commerce can be a powerful networking tool. Have you tried to use it to find more profitable work? Boston Cream Pie Day. Reflect on your food budget and see how much you can spend on the occasional sweet treat like Boston cream pie. 31 Halloween. You may be too old to get easily frightened by monsters and ghosts, but your financial situation can still be scary. Examine the difficult portions and try to come up with...
