Category: My Blog

What Exactly Is Accounting?

What Exactly is Accounting? Welcome to my daily accounting and finance blog. Today is September 24, 2018. My blogs are designed to teach basic accounting and financial concepts that everyday people can apply to their financial and business lives. Each…

Reliable PDF Conversion Tool

Able2Extract Professional 12 Investintech.com Inc. , a Toronto based software company specializing in PDF technologies, has developed an excellent PDF converter known as Able2Extract Professional 12.  This easy-to-use software will convert PDF files to Excel, Word, PowerPoint, Publisher, and AutoCad. Able2Extract…

Bookkeeping Services

My Bookkeeping Services Having trouble keeping accurate accounting records? Don’t have enough time to do your own accounting? My bookkeeping services can help you. Bookkeeping is the recording of financial transactions, and is part of the process of accounting in…

Essential Elements of a Business Plan

Preparing A Business Plan No two business plans are alike, and the format you decide to use for your business plan will depend on your circumstances. However, all business plans should be written in a concise, structured format. The contents…

History of Double Entry Bookkeeping

Double Entry Bookkeeping – All Entries Are Recorded Twice Double entry bookkeeping is a system of recording transactions where each entry is recorded twice, as a debit and a credit.  Debits are on the left and usually show where the…

Understanding Financial Statements

Importance of Financial Statements? Most businesses must file financial statements to satisfy lenders and to file annual tax returns. However, an understanding of financial statements also provides business owners with the ability to determine the financial state of their business and…

QuickBooks Online Cloud Accounting

Manage Your Business From Anywhere with QuickBooks Online Great News – Quickbooks is now offering QuickBooks Online cloud accounting software and services. By allowing you to enter date online from any device, entering transactions is now more convenient and makes…

Balance Sheet vs Income Statement

The two major components of financial statements are the balance sheet and the income statement. Balance Sheet The balance sheet shows a company’s financial position at a set point in time, usually at a year end or month end. It…

Cloud Accounting

What Is Cloud Accounting? One of the latest trends in small business accounting is the use of cloud accounting packages rather than in-house software programs. The main feature of cloud accounting is that your accounting software and data are hosted…