Five Core Reasons Bookkeeping is Important for Your Business
So what is bookkeeping? Do you need it or not? As a business owner you already know how important it is being organized on many things – both business and…
5 Step Bookkeeping
GreenTarget 5 Step Bookkeeping
Step 5: Revise and Optimize the Chart of Accounts
After all has been done, we are now in the last step of our 5 Step Bookkeeping setup. Organizing chart of accounts! Well, you can organize your chart of accounts…
Cash Basis vs Accrual Basis – Which One Do You Need?
The difference between cash basis and accrual basis accounting comes down to when you recognize income and expenses in relation to movement of cash. If you record income when you…
Step 4: Run Reports, Analyze, and Revise
https://www.youtube.com/watch?v=XzK9HK_3U9w&t=18s&ab_channel=GreenTargeteCommerceAccounting Now that all expenses and income transactions have been added to the books, it’s a good time to run reports and start analyzing! QUICK TOUR: How to access Reports…
Step 3 – Invoices, Payments, and Deposits
https://www.youtube.com/watch?v=LwAwqDVN9N0&t=1s&ab_channel=GreenTargeteCommerceAccounting In our previous video, we have discussed all about bank reconciliation in quickbooks online. After all banking transactions are done and reconciled, it’s time to address other information you…
Step 2: Bank Reconciliation in QuickBooks Online
Now that we are done with syncing your banks and credit cards, and categorizing your transactions, it’s time to move to bank reconciliation. What is bank reconciliation? The process of…
Step 1: Setup Sync, and Categorize Banking Feeds
This may sound a bit complicated so let’s break it down a bit: A. BANK FEEDS SYNC Sync bank accounts, credit cards, and PayPal to QBO – only past 90…