Category: Business Bookkeeping
-
How to Track Income with Sales Tax—Without Losing Your Mind!
If you’re a small business owner or self-employed, you know that tracking income can quickly become a headache—especially when sales tax comes into play. Some items have sales tax, others—like services or labor—don’t, and some products might even have a different sales tax rate altogether. The result? Confusion and messy records. Let’s cut through the…
-
Understanding 13-Period Accounting for Restaurants
Running a restaurant involves juggling numerous tasks, from managing inventory to ensuring customer satisfaction. One crucial aspect that often gets overlooked is accounting. Traditional monthly accounting can sometimes fall short in providing the insights needed for effective financial management in the restaurant industry. This is where 13-period accounting comes into play. What is 13-Period Accounting?…
-
How to make bookkeeping easy
Do you feel overwhelmed by the never-ending task of bookkeeping? It doesn’t have to be that way! Here are a few tips and tricks to simplify the process and keep your financial records in tip-top shape. 1. User-friendly software There are many user-friendly accounting software options available that can help streamline the bookkeeping process…