As your startup gains traction, you’ll need financial strategies to sustain and accelerate growth. Staying on top of these records will save you headaches and set your business up for financial clarity and compliance. Otherwise, you risk giving your vendors free money in late payment interest. How do you account for common stock on a startup’s balance sheet? Customers pay […]
Becoming a certified bookkeeper typically takes 6 months to 2 years, depending on your chosen certification path. The AIPB requires two years of work experience before certification, while NACPB allows immediate testing after completing their training program. While bookkeeping and accounting are closely related, they serve different functions within financial management. Bookkeepers focus on recording and organizing financial data, while […]
Some even may inquire about journal entries made by external auditors to adjust last year’s preliminary numbers to the results. Instead, interim account balances often reflect last year’s amounts or may be based on historic gross margins. And some companies save tedious bookkeeping procedures, such as physical inventory counts and updating depreciation schedules, until year-end. Midyear numbers also may omit […]