April 2024

Techniques for Reconciling Accurate Bank and Credit Card Statements

As a small business owner, keeping your finances organized is part of the job. However, dealing with bank and credit card statements can be overwhelming. Fortunately, there’s a way to streamline the process. Line-by-line transaction review First, carefully examine each bank statement line by line. Here’s what to watch for: Credit card statement review Credit …

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Accounting for Fixed Assets: Depreciation, Amortization, and Tax Implications

For any small business owner, keeping track of your finances is key. Good financial records give you a clear picture of your assets, liabilities, and your company’s overall financial health But when it comes to fixed assets—things like buildings, equipment, and even software—valuation can get a little tricky. This is where understanding depreciation, amortization, and …

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