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Charles Lutwidge

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Charles Lutwidge is a writer with a passion for helping small businesses succeed. Having worked at multiple startups, Charles understands the unique challenges that entrepreneurs face. He writes about a wide range of topics, from management to bookkeeping to technology — all with a focus on helping business owners overcome key obstacles to growth.

Email: charles@bookstime.com
Phone: 8889026657

April 09, 2025

Charles Lutwidge
How to Keep Records for Small Business?

How to Keep Records for Small Business?

The majority of business owners face bookkeeping issues. Moreover, small businesses often have to work with limited resources, which challenges entrepreneurs to handle finances and keep records of errors. Today, we’ll cover how to keep records for small businesses and...

Reading Time 5 mins
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Never Worry About Your Bookkeeping Again
Never Worry About Your Bookkeeping Again

Delegate your financial records to a highly qualified bookkeeper and forget about bookkeeping stress forever.

April 07, 2025

Charles Lutwidge
What Is Invoice Matching?

What Is Invoice Matching?

Invoice matching, or purchase order matching, involves cross-checking invoices against related financial records. The primary goal? Ensuring everything aligns before processing a payment. In accounts payable, this step is essential—it verifies that vendor payments are accurate and properly recorded. Beyond...

Reading Time 6 mins
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April 03, 2025

Charles Lutwidge
Key Differences Between Accounts Payable and Notes Payable

Key Differences Between Accounts Payable and Notes Payable

Businesses have multiple ways to borrow money. Some companies receive goods or services on credit, promising to pay the invoice within 30–60 days. Others take out loans from banks or financial institutions, repaying the principal plus interest over time. While...

Reading Time 6 mins
0 / 5 (0 voted)

April 02, 2025

Charles Lutwidge
What Is a Performance Budget?

What Is a Performance Budget?

Managing business finances becomes a major obstacle for many entrepreneurs. Without a structured approach, it’s easy to overspend in some areas while underinvesting in others. This is where a performance budget comes in, as it is a strategic instrument that...

Reading Time 4 mins
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March 24, 2025

Charles Lutwidge
How Cost Control Can Help Businesses Reduce Their Expenses?

How Cost Control Can Help Businesses Reduce Their Expenses?

Every dollar your business spends should serve a purpose. Yet, many companies lose money through inefficiencies, outdated processes, and unnecessary expenses. That is why you should master cost control to make smarter financial decisions that fuel long-term growth. When done...

Reading Time 5 mins
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March 17, 2025

Charles Lutwidge
What are Miscellaneous Expenses?

What are Miscellaneous Expenses?

Running a successful business requires careful planning, strategic spending, and result-driven strategies to drive growth. Ventures must calculate their miscellaneous expenses when creating a budget to ensure the consistency of their processes and operations. It allows them to accurately estimate...

Reading Time 5 mins
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March 13, 2025

Charles Lutwidge
Bookkeeping for Painters: Tips for Painting Business Owners

Bookkeeping for Painters: Tips for Painting Business Owners

As an owner of a painting business, you know that creativity, commitment and meticulousness go hand in hand. This applies not only to art projects — it’s also vital to ensure diligent bookkeeping. Nevertheless, even the most devoted entrepreneur may...

Reading Time 5 mins
0 / 5 (0 voted)

March 11, 2025

Charles Lutwidge
What is the Difference Between a Fixed Cost and a Variable Cost?

What is the Difference Between a Fixed Cost and a Variable Cost?

Building a result-yielding strategy requires ventures to focus on financial planning and use advanced analysis tools. Businesses compare fixed vs variable costs to understand the difference between these concepts and adopt efficient pricing strategies. Gaining clarity on cost structures helps...

Reading Time 5 mins
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How to Keep Records for Small Business?What Is Invoice Matching?Key Differences Between Accounts Payable and Notes PayableWhat Is a Performance Budget?How Cost Control Can Help Businesses Reduce Their Expenses?What are Miscellaneous Expenses?Bookkeeping for Painters: Tips for Painting Business OwnersWhat is the Difference Between a Fixed Cost and a Variable Cost?What is Financial Transparency and How Does It Work?What is The Difference Between Liabilities and Expenses?Grocery Store Accounting: Mastering Best PracticesHow to Prepare for Year-End Accounting: An Expert's GuideHow to Conduct an Effective Accounts Payable Audit?Coffee Shop Accounting: 8 Essential Tips for OwnersThe Payment Recovery Process ExplainedWhat Is a Payment Service Provider (PSP)?What is Legal E-Billing?Difference Between Electronic Transfer and Wire TransferInternal Audit vs External Audit: Which is Better?Best Practices for Vendor Master Data ManagementWhat is Electronic Funds Transfer?What Is Return on 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