Few small and medium size businesses actually hire accountants to work full-time for the company. The expense is too great, so instead they hire the bookkeepers.
So You Want To Do the Books
02
Bookkeepers serves the company by developing good bookkeeping practices and periodical financial reviews.
They're Your Eyes and Ears
03
Bookkeeping when done right, gives you overview of how well you're doing as business, so you can see the financial success or failure.
How Well Are You Doing?
04
they are two basic methods you have to choose:
- cash-basis accounting
-accrual accounting
The key difference is the point at which you record sales and purchases in your books.