Below are some of the top challenges small businesses face when it comes to bookkeeping. What is the biggest, most frustrating bookkeeping and/or recordkeeping issue you have in your firm? From your feedback, Lean Ledgers wants to:
Category: Bookkeeping
Net Profit vs. Bank Balance
Why is my cash balance different and not similar to my net profit? I had a nice profit last month but my bank balance doesn’t reflect this gain. Why is that? Net income is the profit a company has earned for a period, while cash flow from operating activities measures, in part, the cash going in… Continue reading Net Profit vs. Bank Balance
Need a bookkeeper?
Your business operations are running smoothly, but your monthly transactions seem to be swelling and you are unable to keep up. Initially, it was easy enough to keep the financial books without needing a bookkeeper. Now your business is growing and you are finding that your time is split across a long list of tasks.… Continue reading Need a bookkeeper?