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Reconcile your accounts

Generate Financial reports

(Profit & Loss, Balance Sheet)

12 months Starting at $2000

Full Service Online Bookkeeping

Full-Service Bookkeeping 

Categorize your transactions

Reconcile your accounts

Financial Statements:

Profit & Loss, Balance Sheet, Accounts Payable, & Accounts Receivable

Create your bills & invoices and track payments (A/P & A/R management)

Starting at $550/month

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Connect Business Bank Accounts

and Credit Cards

Set up Chart of Accounts

Starting at $350


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What is the best bookkeeping method for small business?

What is the best bookkeeping method for small business?

June 06, 20241 min read

For small businesses just starting out, keeping track of your money is super important. One of the best ways to do this is by using something called accrual accounting. It might sound fancy, but it's basically just a way to record when you make or spend money, even if the cash hasn't actually come in or gone out yet.

Here's how you can get started with accrual accounting:

1. Get some accounting software: There are easy-to-use programs like QuickBooks or FreshBooks that can help you keep track of everything. They do a lot of the hard work for you!

2. Make a list of accounts: Think of it like organizing your money into different categories, like sales, expenses, and money you owe or are owed. This helps you keep everything neat and tidy.

Chart of accounts

3. Put in your transactions: Whenever you buy something or make money, put it into your accounting software right away. This keeps everything up-to-date and makes sure you don't forget anything.

4. Check your bank statements: Every now and then, make sure the money going in and out of your bank account matches what you've put into your accounting software. This helps you catch any mistakes.

5. Look at your reports: Your accounting software can make reports that show you how your business is doing financially. It's like getting a report card for your business!

6. Ask for help if you need it: If you're not sure about something, it's okay to ask for help. You can talk to an accountant or someone who knows about this stuff to make sure you're doing it right.

Remember, it's okay to start small and learn as you go. The most important thing is to keep track of your money so you can make smart decisions for your business!

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