Practical articles on bookkeeping, reconciliations, financial reports and clear business records from Go Tax Dude’s CPA and EA team in Port Washington.
Explore bookkeeping & accounting services →Tips and insights on taxes, bookkeeping and running a business.
Bookkeeping services in Port Washington can help a small-business owner turn a pile of transactions into reliable numbers. Whether you run a shop, provide professional services or work independently, current records make…
Read article →Your bookkeeper has the transaction records. The payroll platform has wage reports. Sales tax information sits in the point-of-sale system. Your tax preparer needs information from all three. Even when each task…
Read article →A supplier invoice enters the accounting system. The company pays it by credit card. Later, the bank account pays the card balance. These may be three records connected with one purchase, not…
Read article →Your accounting software shows customers owe money. Before using that number to plan spending or follow up on collections, check whether the list reflects what customers actually owe. An accounts-receivable report can…
Read article →A customer pays before you finish a project. The money is in the bank, but the accounting question is not answered by the deposit alone. What does the payment cover, and what…
Read article →The sales dashboard reports one amount, but a smaller amount reaches the bank. That difference does not necessarily mean a customer failed to pay or that the sales report is wrong. Payment…
Read article →You bought equipment for your business, and the bank feed shows a payment. That entry is only the beginning of the accounting record. Your accountant also needs to understand what you acquired,…
Read article →Your bank account shows a monthly loan payment. Recording the full withdrawal as an expense may make the bank balance reconcile while leaving the loan balance and financial reports wrong. A payment…
Read article →An owner puts money into the company account. A month later, the company transfers money back. The bank describes both as transfers, but the accounting records need more information. Owner funding, borrowing,…
Read article →You paid a business invoice with your personal card because it was the quickest option. Later, the company reimbursed you. Without a clear trail, the books may miss the purchase or count…
Read article →Your new business has a bank account, a card and its first customers. Before long, the accounting software has imported a long list of transactions. The problem is that importing activity does…
Read article →Articles provide general information, not advice for your specific situation. Check the publication date and current guidance before acting.
