We’ve all been there. You’re counting the days to your next paycheck when you have a few dollars to your name. It can be overwhelming knowing you need your dollars to stretch, especially if you might find saving money challenging. The truth is saving money does not need to be complicated, it can be effortless and simple by using technology.
Read MoreYour 20s will be the best times of your life.
The milestones, the goals, the accomplishments you set for yourself, the people you connect with, minimal responsibilities, freedom to travel and live your life. The list goes on!
Read MoreIf you want to be successful in business, you’re going to have to learn how to keep the books in order. According to the Small Business Administration, learning accounting is important for business owners because sound financial information enables them to make informed business decisions.
Don’t be left in dark about your company’s money situation. Use these nine accounting best practices to help get your bookkeeping on the right track.
1. Determine your accounting method.
There are accounting two methods: cash and accrual. Accrual accounting is a method in which a business puts transactions on the books as soon as the transaction is made. Cash accounting — the more common of the two methods, according to the SBA — occurs when a business records transactions once payments have been received or made. Each method has advantages and disadvantages.
Read More