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June 22, 2020

Charles Lutwidge
A Guide to Your Own Virtual Bookkeeping Business

A Guide to Your Own Virtual Bookkeeping Business

Most individuals who try to run their own virtual bookkeeping business work much too hard, are severely underpaid, and ultimately fail miserably. No, it is not because they lack the necessary bookkeeping skills. So, why do so many bookkeepers fail? They..

Articles

June 22, 2020

Charles Lutwidge
Overview of Fractional CFO Services

Overview of Fractional CFO Services

Have you ever heard the term Fractional CFO and wondered exactly what is a Fractional CFO? A fractional CFO offers Chief Financial Officer (CFO) consulting services to businesses on less than a full-time basis. They are also known by some of..

Articles

June 22, 2020

Charles Lutwidge
Outsourced Bookkeeping

Outsourced Bookkeeping

As a business owner, sticking to resolute bookkeeping can be difficult. If you find yourself struggling to routinely record invoices and receipts, it’s time to hire a professional. Why outsource bookkeeping? There are many reasons. We are going to name just..

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June 22, 2020

Charles Lutwidge
Property Management Accounting Guide

Property Management Accounting Guide

Owning a rental property is a business and to turn a profit, you will need to operate it as a business. Basic Accounting Concepts Property managers are generally not accountants and good at managing the property and not so great at..

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June 22, 2020

Charles Lutwidge
A Guide to Real Estate Escrow

A Guide to Real Estate Escrow

Once you find your dream home, you suddenly get overwhelmed by credit reports, mortgages, agents, lawyers, insurance, inspections, titles, etc. That is a lot of transactions to keep up with! In this article, we explain what a real estate escrow means..

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June 17, 2020

Charles Lutwidge
Cryptocurrency Accounting

Cryptocurrency Accounting

Cryptocurrency is a medium of exchange, created and stored electronically in the blockchain. One of the most popular ones is Bitcoin. Besides making transactions using this type of currency, people also make money with cryptocurrency. Thus, they need to account for..

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June 17, 2020

Charles Lutwidge
Introduction to Financial Statements for Nonprofits

Introduction to Financial Statements for Nonprofits

Financial statements differ based on whether you have a for-profit business or operate as a non-profit organization. Today, you will learn about financial documents that nonprofits need to prepare instead of standard reports that for-profit businesses have. These statements form a..

Articles

June 17, 2020

Charles Lutwidge
Startup Bookkeeping: Basics and Tips

Startup Bookkeeping: Basics and Tips

Your journey as a business owner starts with having access to reliable financial information. Most people probably think of bookkeeping and accounting as the same thing, but bookkeeping is really one function of accounting, while accounting encompasses many functions involved in..

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June 17, 2020

Charles Lutwidge
Your Guide to Real Estate Taxes

Your Guide to Real Estate Taxes

Real estate means a real property like rental property, a home, or vacation home. Real estate is an investment that has the most tax strategies. The government tends to structure tax codes to incentivize certain behaviors, and private real estate ownership..

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