November 22, 2021
Charles Lutwidge
How to make a balance sheet
Financial Statements The main task of bookkeeping is to provide useful and accurate financial information for its users through accounting reports. Accounting data is of interest to a wide range of individuals and entities associated with the financial activities of...
Delegate your financial records to a highly qualified bookkeeper and forget about bookkeeping stress forever.
November 19, 2021
Charles Lutwidge
How to Write a Receipt
Overview A receipt is typically issued by a business or private individual as a confirmation that the seller received the payment. In a typical scenario, your receipt is generated by a special system and either printed or provided to the...
November 18, 2021
Charles Lutwidge
Business Tax Preparation
Taxes are a necessary aspect of your company. If you are a business owner, you need to pay taxes on the income your business generates for you. Your accounting records and other paperwork might not be in perfect shape, but...
November 17, 2021
Charles Lutwidge
Research and Development Tax Credit
Overview Taxes do not bring much joy neither to individuals nor the businesses who have to pay them. But what if you could pay less? This would definitely put a smile on everyone’s face. If you have done taxes at...
November 16, 2021
Charles Lutwidge
How To Pursue a Career as a Bookkeeper
No organization can afford to operate without bookkeeping. If you do not try to control the funds, if you do not stay up to date on all the financial activities in the company, in the near future it is possible...
November 15, 2021
Charles Lutwidge
Schedule C: Profit or Loss From Business
Overview Are you a YouTuber, blogger, social media influencer, Etsy seller, or something along those lines? If yes, then this article is written for you. If you are a new business owner or if you are new to self-employment, you...
November 11, 2021
Charles Lutwidge
Accounting Errors and Error Corrections
Types of Errors in Accounting An error in accounting is a non-fraudulent error in double-entry bookkeeping transactions. In most cases, errors occur because the bookkeeper either lacks accounting expertise or is careless. The moment an error is spotted, investigative measures...
November 10, 2021
Charles Lutwidge
What is the Profit and Loss Statement (P&L)
Overview Income, office rent, taxes, logistics, payroll, purchase of supplies, and other expenses are all operational activities. When it comes to expenses and incomes with deferred payments, obligations, deadlines for fulfilling obligations, and so on, you can get confused and...
