What Is A Chart of Accounts And Why Is It Important?

Before recording transactions, one of the first things to set up is the chart of accounts. That’s because it plays an important part in bookkeeping and acts as the foundation of a business’s financial system.  But, you might be wondering, what is a chart of accounts? When doing bookkeeping, every financial activity must be recorded […]

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5 Simple Steps To Make Your Messy Books Manageable

As a business owner, managing your finances can sometimes feel overwhelming. Receipts pile up, expenses go unrecorded, and soon, you find yourself stuck with your messy books. Bills then get overlooked, payments are left untracked, and unpaid invoices go unnoticed. Because of this, you may be unsure how your business is doing financially. But with

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Can Bookkeeping Be Done Remotely? 5 Advantages Of Cloud Bookkeeping

One of the questions I often get when I tell friends I do virtual bookkeeping is, “Can bookkeeping be done remotely?” I get where the curousity is coming from, especially here in the Philippines where a lot of businesses still use paper journals and ledgers to keep track of their funds. But in today’s digital

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The Pros and Cons of DIY Bookkeeping for Small Businesses

In my previous blog post, I emphasized the vital role of bookkeeping in every business. If you missed it, check out that post to read about the importance of bookkeeping. DIY bookkeeping. What is it, and is it right for you? Many small business owners take on multiple roles and responsibilities. If something seems doable,

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