Use that day to enter any missing transactions, reconcile bank statements, review your financial statements from the last month and make any major changes to your accounting or bookkeeping. Finally, if you want someone else to do your bookkeeping for you, you could sign up for a cloud-based bookkeeping service like Bench. We’ll do your Read more about Bookkeeping for Beginners: 6 Basic Concepts to Get You Started : EasyBooks Small Business Bookkeeping App Try For Free![…]

This type of corporation is suitable for large family-owned businesses. Examples of companies that use this ownership style include Koch Industries, Deloitte, Cargill, and Albertsons. Although it gives absolute power to the owner, a sole proprietorship has some disadvantages. It is not a separate legal entity, which means the owner is liable for business actions. Read more about The Pros & Cons of a Sole Proprietorship & Corporation Chron com[…]