Robert J Rutledge, CPA

Using Payroll Services

Written by – Julie Morris julie@juliemorris.org www.juliemorris.org Payroll Help: How Payroll Services Create a Smooth Experience When you started your ecommerce business, you knew that you’d be taking on many different responsibilities. After all, you’re the one who is ultimately responsible for your company’s success. You handle the budget, legal documentation, payroll and more.…… Continue reading Using Payroll Services

Understanding the Income Statement

While the Balance Sheet is a snapshot showing a company’s assets, liabilities, and equity at a point in time, the income statement presents the financial results of a business over a stated period of time, usually for a month or a year. It shows revenues and expenses for this period, and the resulting profit or…… Continue reading Understanding the Income Statement

Understanding the Balance Sheet

Most financial statements include a balance sheet, an income statement, and a statement of cash flows. In this blog I will discuss the balance sheet. Winnipeg, Manitoba The balance sheet shows a company’s assets, liabilities and equity at a specific point in time, usually at the year-end or at a month-end. All the numbers on…… Continue reading Understanding the Balance Sheet

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 how it is performing. Financial statements are a valuable management tool. They provide a…… Continue reading Understanding Financial Statements

Balance Sheet vs Income Statement

The two major components of a financial statement are the balance sheet and the income statement. The balance sheet shows a company’s financial position at a set point in time, usually at a year end or month end. It lists the company’s assets, or what it owns, and its liabilities, or what it owes. It…… Continue reading Balance Sheet vs Income Statement

Accounting vs Bookkeeping

Bookkeeping Although the terms bookkeeping and accounting are often used interchangeably, bookkeeping is generally referred to as the basic recording, often routinely, of initial daily transactions into some form of ledger. Transactions are entered into ledgers such as a general ledger, cash ledger, sales ledger, purchase ledger, or payroll ledger. True bookkeepers will not take…… Continue reading Accounting vs Bookkeeping

The Importance of Accounting

Why Do Businesses Need An Accounting System? All businesses and organizations need an accounting system so that they can measure how they are doing financially. By using an accounting system, businesses can determine how successful they have been and are provided with a reliable basis from which to make future decisions. This information is essential…… Continue reading The Importance of Accounting

Why You Need Professional Accounting Services

Written by – Julie Morris julie@juliemorris.org www.juliemorris.org Your Small Business Can’t Do Without Professional Accounting Services You’re thrilled about realizing a dream and having your own small business, but could you unintentionally impede your success? Having the right products and marketing strategy can elevate your reach and business capabilities, but working with an experienced…… Continue reading Why You Need Professional Accounting Services

The History of Double Entry Bookkeeping

History of Double Entry Bookkeeping – All Entries Are Recorded Twice Florence, Italy 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 money in the transaction went. Credits are on the right, and…… Continue reading The History of Double Entry Bookkeeping