Understanding the current state is crucial for informed decision-making during the scaling process. Granular expense tracking involves breaking down costs into fine detail. It’s not just about knowing how much was spent; it’s about understanding where every dollar went. Categorize expenses meticulously, whether it’s ...
If you’re VAT registered then you will need to be accounting for your sales revenue split out by destination and also by tax rate. As an e-commerce business, you don’t want to be out of stock when a customer is trying to buy from you. So, staying up to date on your inventory is essential […]
Prior to earning either designation, you must prove that you have sufficient bookkeeping experience. The primary difference between the AIPB’s certification and NACPB’s license is the resulting title. Those who earn licensure through NACPB gain the Certified Public Bookkeeper (CPB) title. We searched and searched, but we ...
My Reseller Genie is specifically designed for resellers and has features like inventory tracking and sales reporting that make it ideal for bookkeeping purposes. Not only can you print off a profit and loss statement at the end of the year for your accountant, but you can easily track business trends. You’ll also be able […]
Implement Job Costing Create a customized invoice that reflects your branding in minutes. Add a personalized thank-you note and send your invoice directly from your account. Some businesses track their expenses in a notebook or in a spreadsheet. Such platforms also deliver precisely the kind of information your tax accountant will need to ...
By adding all income categoriestogether, you will be able to quantify the total revenue of your business. For each of your income streams and expenses, you will need tocreate an account that allows you to record and track exactly how much you aregenerating in sales and paying in expenses. A profit and loss statement is […]