May 20, 2024
Charles Lutwidge
Record-to-Report Process: Best Practices For Business
Have you ever struggled to collect data manually and was overwhelmed with endless report spreadsheets? The intricacies involved in reporting may be quite daunting. The record to report (R2R) procedure comes to rescue the day for CFOs, accounting teams, and...
Delegate your financial records to a highly qualified bookkeeper and forget about bookkeeping stress forever.
May 16, 2024
Charles Lutwidge
How To Run Payroll for S Corp?
S Corps have become increasingly popular due to their ability to offer both limited liability protection and pass-through taxation. The entity also has unique advantages in terms of payments. However, these benefits come with specific requirements regarding employee payroll, particularly...
May 13, 2024
Charles Lutwidge
Cannabis Accounting: Navigating Medical Marijuana Finances
The U.S. cannabis market is experiencing tremendous growth. According to experts, revenue in 2024 will be $42.98 billion. This growth is expected to continue at a CAGR of 2.89% from 2024 to 2029, resulting in revenue of $42.98 billion by...
May 09, 2024
Charles Lutwidge
Coffee Shop Accounting: 8 Essential Tips for Owners
Coffee is the favorite drink of most Americans. Two-thirds (66%) of the country’s residents drink coffee daily. The US coffee market is the largest in the world, reaching $8.1 billion. The average cafe profit margin is 4%, which is the...
May 07, 2024
Charles Lutwidge
Grocery Store Accounting: Mastering Best Practices
If you own a grocery store, you have many moving parts to deal with. From controlling inventory to forecasting user needs, managing cash flow, and implementing a transparent financial system, it is not always possible to do grocery store accounting...
May 02, 2024
Charles Lutwidge
Bookkeeping for Painters: Tips for Painting Business Owners
As an owner of a painting business, you know that commitment and meticulousness go hand in hand. This applies not only to art projects — it’s also vital to ensure diligent bookkeeping. Nevertheless, even the most devoted entrepreneur may face...
April 29, 2024
Charles Lutwidge
The Essentials of Bookkeeping for Consultants
Every consulting firm owner recognizes that maintaining an accurate client billing process and promptly collecting payments are crucial aspects of driving business success. Entrepreneurs aim to deliver exceptional consulting services and foster efficient bookkeeping practices. After all, it’s hard to...
April 25, 2024
Charles Lutwidge
How to Keep Records for Small Business?
The majority of business owners face bookkeeping issues. Moreover, small businesses often have to work with limited resources, which challenges entrepreneurs to handle finances and keep accurate records. Today, we’ll cover how to keep records for small businesses and give...
