Category: Bookkeeping

For example, electricians and plumbers often complete multi-year apprenticeships that combine classroom instruction with hands-on experience. Moreover, the integration of artificial intelligence (AI) and machine learning into various industries is reshaping the landscape of both blue-collar and white-collar jobs. For instance, AI can analyze vast amounts of data to inform business decisions, while also automating…

For example, a skilled tradesperson, such as an electrician or plumber, may take pride in completing a project that directly improves someone’s home or business. This sense of accomplishment can lead to high job satisfaction, as workers see the immediate impact of their efforts. During periods of economic growth, blue-collar jobs often see increased demand,…

Each receipt should be matched with a corresponding entry in the petty cash log. This step is crucial for ensuring that all expenditures are legitimate and properly documented. If any receipts are missing or incomplete, the responsible employee should be contacted to provide the necessary documentation. This thorough review process not only helps in maintaining…

From establishing a comprehensive petty cash policy to conducting regular audits, we will walk you through every step of the process. Look at your historical data to see how much petty cash you typically use each month. Once you’ve decided on an amount, you’ll need to make a journal entry to record the transfer of…

Many food and beverage distributors make sales on credit, meaning their customers place orders, receive orders, and then pay for them after the distributor invoices them. But AR management What is bookkeeping comes with particular challenges for food and beverage businesses, who often operate with tight profit margins and deal in inventory that has a limited shelf…

Save time, reduce stress, and focus on what matters most—your clients. The industry is highly regulated and requires owners to maintain detailed accounting records. Periodic and annual filings are required by federal and state law. Independent brewers made up 13.1% of the U.S. beer market in 2022. Additionally, Notch allows businesses to set up automated reminders that…

Often, office management tasks like customer billing, paying vendors and payroll are considered to be bookkeeping tasks. Although accounts receivable, accounts payable and payroll do impact your books, some of these tasks can be managed by a person in your company other than your bookkeeper. Others, like Bookkeeping for Painters payroll, can be outsourced to…

All the financial transactions such as sales earned revenue, payment of taxes, earned interest, payroll and other operational expenses, loans investments etc. are recorded in books of accounts. Bookkeepers are integral to ensuring that businesses keep their finances organized. If you’re interested in a career as a bookkeeper, consider taking a cost-effective, flexible course through…