Bookkeeping

The 5 Best Online Accounting Firms for Small Business

Content Bookkeeper Benefits Tips for Establishing Financial Controls in Small Businesses Communicating with clients when working virtually With the advent of technology, more and more businesses now are choosing to leverage the services of a virtual accountant. In fact, Clutch reported that 37% of small businesses outsource their accounting and finance services. Businesses that prefer …

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Contra Account: A Complete Guide + Examples

Content What Does Contra Account Mean? How to Record a Contra Account Contra Asset Account Liability Contra Account Overview: What is a contra asset account? Contra Account Definition in Accounting Definition Of a Contra Account? The Contra Revenue Account This account offsets the balance in the respective asset account that they pair with on the …

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The Beginner’s Guide to Bookkeeping

That documentation may be a receipt, an invoice, a purchase order, or some similar type of financial record showing that the transaction took place. Most small business owners can begin managing their company’s finances by doing their own basic bookkeeping. However, as a business grows and the transactions multiply or become more complex and have …

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