All Blogs

Discover essential bookkeeping tips for new Shopify store owners. Learn bookkeeping tips for small businesses, Shopify bookkeeping best practices, and how to manage your finances efficiently.

This is ABSOLUTLEY my favorite topic to talk about.  I am SUCH an advocate of accrual accounting.  My thought is that if you are spending the money for a professional...

At the end of the accounting cycle each month, conducting an inventory count is essential to adjust the records for accuracy. This helps in calculating the ending inventory, a critical...

An inventory system is a mechanism through which businesses track goods throughout different stages of production and sales. These systems provide essential data that help managers make purchasing decisions, optimize...

Typically, indirect expenses are not included in COGS. They should be clarified or possibly rephrased to prevent misunderstanding. For example: "COGS represents the direct costs associated with the production of...

One of the most difficult things to manage in a business is inventory, and many clients come to me expressing difficulty with managing inventory in QBO.  Thank goodness we are...

Cash vs Accrual accounting:  you might have heard these terms but what do they actually mean?  In this blog I attempt to explain the difference for folks that might not...