Cash vs Accrual Accounting: Which Method Fits Your Business?
Effectively, choosing between cash vs accrual accounting is one of the first and most critical financial decisions a business owner makes. However, many entrepreneurs simply default to whatever their software suggests without understanding the impact. Specifically, this choice determines when you pay taxes, how you view your profits, and whether you can secure a loan. […]
How to Do Bookkeeping: The 5-Step Guide for Small Business Success
Learning exactly how to do bookkeeping is often the dividing line between a hobbyist and a successful CEO. Initially, many entrepreneurs view financial tracking as a simple chore of recording money in and money out. However, your financial foundation determines how strong (or fragile) your business actually is. Consequently, whether you are just starting out […]
How Bookkeeping Works: Unlocking Financial Clarity for Your Business
Understanding exactly how bookkeeping works is the first step toward transforming your financial records from a burden into one of your most powerful business assets. Initially, many business owners view bookkeeping as a tedious chore involving piles of receipts and confusing spreadsheets. However, at Giesler-Tran Bookkeeping (GTB), we see it differently. When done correctly, bookkeeping […]