Posts filed under: bookkeeping
My imaginary friend Luisa has a problem. She is a blogger, and makes most of her income from affiliate marketing. Her problem is that she would like to keep track of how much she makes from each affiliate source, but...
In any business with money coming in and going out, you’ll need to have some way of keeping track of your money. When you receive money or someone takes money from you, it is called a transaction, and each transaction...
Think about the last time you went to a football game. See the striped field, smell the nachos, listen to the cheers, smear on some face paint, and squint to see the minuscule players far below. And notice the scoreboard....
It’s always hard to decide when to pay someone to do something for you and what you can do yourself. For my wedding, I made the boutonnieres for the groomsmen and designed the centerpieces myself. But I didn’t try to...
If you’ve been on the internet at all over the last few years, I’m sure you’ve heard the term “on the cloud” a time or twelve. And, if you’re like me, you didn’t really know what the buzz was all...
All debts that a business owes. These could be amounts owed to suppliers and lenders, such as unpaid bills or loans. It could also be salaries that have not yet been paid to employees. Liabilities often include the word “payable”...
Everything that a business owns in order to successfully do business. For example: cash, land, tools, buildings, furniture, and vehicles. Anything that is owned by the company and is regarded as having value. An asset could be sold to pay...