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If your business is already operating and money is moving, these are the first three bookkeeping steps I recommend: ✅ Get a QuickBooks Online subscription ✅ Connect your business bank and credit card accounts ✅ Set up a Chart of Accounts that matches your business Most business owners focus on entering transactions, but the setup comes first. A proper setup creates more accurate financial reports, cleaner bookkeeping, easier reconciliations, and less stress at tax time. #bookkeepingtips #smallbu
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Replying to @@impumelelo9 If your creditors reconciliation never balances, you’re probably fixing the WRONG thing. A creditors recon compares TWO records: 👉 Our books 👉 The supplier’s statement ⚠️ Not every difference is an error. 🟢 Timing differences = NO journal entries 🔴 Errors in OUR books = correction required 🎯 EXAM RULE (DON’T MISS THIS): Always ask: Who made the mistake? That question tells you whether to journal or just reconcile. 📌 SAVE this before test week 💬 Tell me: Which par
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