Categoría: Bookkeeping

It can also organize and pay bills for you, as well as collect payments and follow up on outstanding invoices. This method of revenue recognition allows you to recognize your gains and losses related to the project in every reporting period during which the project is active. The installment method is usually used when your…

Expenses are just one of the things you should be keeping track of with your independent contractor bookkeeping. Here are the critical standard bookkeeping terms you should be familiar with, and they should be your top priorities on the list of what to keep track of as an independent contractor. Navigating these complexities requires understanding…

For most small business owners, cash flow is a good place to start, according to Fasoli. Slack said to create forecasts for different scenarios ― for instance, a forecast for a nationwide pandemic recovery and one that plans for more shutdowns and restrictions. Add a global pandemic to the mix and it may be impossible…