BooksTime  ➞  Charles Lutwidge

Charles Lutwidge

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Charles Lutwidge is a writer with a passion for helping small businesses succeed. Having worked at multiple startups, Charles understands the unique challenges that entrepreneurs face. He writes about a wide range of topics, from management to bookkeeping to technology — all with a focus on helping business owners overcome key obstacles to growth.

Email: charles@bookstime.com
Phone: 8889026657

June 17, 2024

Charles Lutwidge
How to Write Construction Invoice: Tips for Success

How to Write Construction Invoice: Tips for Success

Construction projects involve numerous subcontractors, a wide range of materials, and intricate procedures. Accurate billing ensures prompt remuneration for finished products and services to all stakeholders — from suppliers and contractors to clients. It streamlines the management of finances and...

Reading Time 6 mins
0 / 5 (0 voted)
Never Worry About Your Bookkeeping Again
Never Worry About Your Bookkeeping Again

Delegate your financial records to a highly qualified bookkeeper and forget about bookkeeping stress forever.

June 13, 2024

Charles Lutwidge
Streamlining Payroll for Construction Companies: Best Practices

Streamlining Payroll for Construction Companies: Best Practices

Everyone looks forward to payday. It is a time-tested agreement between the employer and staff who exchange skilled labor for fair pay. In fact, payroll for construction is not just issuance of remuneration within a specified period. Payroll is a...

Reading Time 6 mins
0 / 5 (0 voted)

June 10, 2024

Charles Lutwidge
What is Retainage in Construction?

What is Retainage in Construction?

Many contractors deal with retainage clauses in their construction contracts, a practice prevalent in the area. However, many contractors and business owners still do not know how to apply retention to construction programs, resulting in difficulties with capital flows or...

Reading Time 8 mins
0 / 5 (0 voted)

June 06, 2024

Charles Lutwidge
A Guide to Creating a Law Firm Chart of Accounts

A Guide to Creating a Law Firm Chart of Accounts

Financial literacy is the core of long-term success and ethical practice in the competitive world of law. A well-structured law firm chart of accounts unlocks a clear picture of their financial health. At its essence, it functions as a meticulously...

Reading Time 6 mins
0 / 5 (0 voted)

June 05, 2024

Charles Lutwidge
Bookkeeping for Chiropractors: 7 Tips to Improve Your Business

Bookkeeping for Chiropractors: 7 Tips to Improve Your Business

As a chiropractor, you can realign your spine with the proper knowledge and practice, but when it comes to accounting, you may wonder if you’re doing it right. If you feel lost when managing your practice’s resources, it’s time to...

Reading Time 5 mins
5 / 5 (1 voted)

June 03, 2024

Charles Lutwidge
Navigating Trust Accounting for Lawyers: Attorney’s Guide

Navigating Trust Accounting for Lawyers: Attorney’s Guide

In law firms, where every decision and action carries serious consequences, trust is the cornerstone of the relationship between lawyers and clients. Today, lawyers have not only the power of advocacy but also the duty of financial guardianship. At the...

Reading Time 6 mins
0 / 5 (0 voted)

May 31, 2024

Charles Lutwidge
Strategies for Efficient Online Store Inventory Management

Strategies for Efficient Online Store Inventory Management

Effective online store inventory management is becoming indispensable among e-commerce businesses. However, the rapid expansion of e-commerce and its unique challenges pose some tricks on your path to success. As a business owner, you know how difficult it can be...

Reading Time 7 mins
0 / 5 (0 voted)

May 28, 2024

Charles Lutwidge
Hiring a Virtual Bookkeeping Assistant for Your Business

Hiring a Virtual Bookkeeping Assistant for Your Business

When starting a business, activities like invoicing, accounts receivable (AR) & accounts payable (AP) and bookkeeping seem simple. However, managing finances becomes a mammoth task as a small firm expands. At some point, handling all the bookkeeping responsibilities becomes almost...

Reading Time 6 mins
0 / 5 (0 voted)
How to Write Construction Invoice: Tips for SuccessStreamlining Payroll for Construction Companies: Best PracticesWhat is Retainage in Construction?A Guide to Creating a Law Firm Chart of AccountsBookkeeping for Chiropractors: 7 Tips to Improve Your BusinessNavigating Trust Accounting for Lawyers: Attorney's GuideStrategies for Efficient Online Store Inventory ManagementHiring a Virtual Bookkeeping Assistant for Your BusinessThe Complete Guide to Construction Billing MethodsWhat is Expense Management Automation: Reasons to Automate & Its BenefitsRecord-to-Report Process: Best Practices For BusinessHow To Run Payroll for S Corp?Cannabis Accounting: Navigating Medical Marijuana FinancesCoffee Shop Accounting: 8 Essential Tips for OwnersAccounting for Churches: Everything You Need To KnowGrocery Store Accounting: Mastering Best PracticesBookkeeping for Painters: Tips for Painting Business OwnersThe Essentials of Bookkeeping for ConsultantsHow to Keep Records for Small Business?Efficient Construction Cash Flow Management: Top TipsPartnership accounting meaningAccounting for Plumbers: Streamlining Finances for Plumbing BusinessesGas Station Accounting Best PracticesWine Accounting: Essential Financial Practices for WineriesAccounting For Architects: What You Need To KnowBrewery Accounting Best PracticesThe difference between bookkeeping and payroll servicesBookkeeping for Therapists: Everything You Need To KnowAccounting For Engineering Firms: Everything You Need To KnowBookkeeping Tips For Gym and Fitness Studio OwnersIn-House Accounting vs. Outsourcing: Which is Best for Your Business?How to Invoice as a Freelancer: Things You MUST IncludeWhat Is Catch Up BookkeepingFood Truck Accounting: Essential Tips for Maximizing ProfitabilityBookkeeping for Veterinarians: A Detailed Guide and Key TipsA Certified Bookkeeper: What Does It Really Mean?Airbnb Accounting and Bookkeeping: Everything You Need to KnowTop 5 HVAC Bookkeeping Tips You Should KnowHow to Do Bookkeeping for Your Cleaning BusinessWhat Is Retail Accounting?Insurance Accounting Tips for Insurance AgenciesMastering Car Dealership Accounting: Strategies for SuccessBookkeeping and Accounting for Marketing AgenciesTop Tips for Restaurant Cash Flow ManagementInterior Design Bookkeeping: Tips for Interior DesignersWhat is Cash Flow in Real Estate, and How to Maximize It?Efficient Cash Flow Management for Small BusinessesBakery Accounting: A Recipe for Financial SuccessSecuring Financial Data: Accounting Security TipsA Complete Guide on Accounting for Technology CompaniesBenefits of AI in Accounting and FinanceBookkeeping for Etsy Sellers: Tips for CreativesKey Steps of A Successful Medical Billing ProcessWhat Is GAAP in Accounting, and Why Is It Important for Your Business?The Complete Guide to Successful Sales ForecastingNonprofit Budgeting: Understand the BasicsBest Practices For Effective Accounts Payable ManagementAdvanced Online Bookkeeping Services for Business NeedsRemote Bookkeeping for 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Basics and TipsWhat Is A Sales Invoice?Qualified Business Income Deduction (QBI)What Is The IRS Form 941What is a Cost Benefit Analysis?Music Industry Accounting: Key tasks and Principles of Working with RoyaltiesReasons to Have an Accountant for Self EmployedIndependent Contractor vs Employee: What Employers Need to KnowCFO vs Controller: What Is The Difference?What is Hotel AccountingWhat is Outsourced Accounting and How Сan It Benefit Your Business?Rental Property Bookkeeping and Accounting: Landlord’s GuideAccounting For Artists: A Simple GuideThe Ultimate Real Estate Accounting GuideBookkeeping for Massage TherapistsWhat is Managerial AccountingHow Does US Accounting Differ From International Accounting?What Is Financial Accounting?Hiring Your Specialist Ecommerce AccountantWhat is an Accounting Firm?Why You Should Consider Professional Bookkeeping Service for Your BusinessThe Suspense Account – Everything You Need to KnowWhen do I need part time accounting for my business?What is 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knowBookkeeping ExpressWhat Is the Current RatioAccounting in San DiegoWhat Is Tax Liability?Customer InvoiceForm 1065: U.S. Return of Partnership IncomeWhat You Need to Know About Independent ContractorWhat is a Full Charge BookkeeperMonth-End Close ProcessPercentage of Completion MethodGrowthForce ReviewHow to Calculate Withholding TaxCreating a Monthly Bookkeeping ChecklistWhat are Management FeesWhat You Need To Know About Tax RefundsThe Difference Between Bookkeeper and AccountantHow to make a balance sheetHow to Write a ReceiptBusiness Tax PreparationResearch and Development Tax CreditHow To Pursue a Career as a BookkeeperSchedule C: Profit or Loss From BusinessAccounting Errors and Error CorrectionsWhat is the Profit and Loss Statement (P&L)Payroll Taxes and Employer ResponsibilitiesHow to Make an InvoiceWhat Is an Invoice?Opening Entry in AccountingWhat Are Closing Entries in AccountingWhat Is a Variable CostWhat are Intangible AssetsWhat is an ExpenseSalvage Value 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Roles and ResponsibilitiesExpense Report: Meaning and TemplateThe Meaning and Basics of Hedge AccountingEnterprise Resource Planning (ERP)Cash Reconciliation: What Is It and How to Perform It?The Basics of Lease AccountingBusiness Valuation Formula and PurposeExplanation of Future Value of an Annuity with ExamplesWhat Is a Budget Report?Cash Flow from AssetsExplanation of Prepaid Insurance with ExampleWhat CPAs areWhat is the Present Value of an Annuity Table?Review of the 6 Best Virtual Bookkeeping Services in 2021Outsource Bookkeeping Solutions for BusinessesComparison of Online vs Traditional BookkeepingWhen You Should Outsource Your Bookkeeping?Net Working Capital: Meaning, Measurement, and OptimizationWhat Is the Meaning of Opportunity Cost?Revenue Recognition PrincipleWhat Is Chart of Accounts Numbering and Why Do You Need It?Basic Explanation of Order of LiquidityExpense Recognition Principle: Meaning and ImportanceWhat is Tax Shield?What Is Depreciation Tax Shield?Post Closing Trial BalanceWhat Is Net Sales and How to Calculate It?Product Cost Meaning and CalculationClassified Balance SheetWhat Are the Main Income Statement Accounts?Learn How to Calculate Cost Per UnitDebits and Credits in AccountingCapital Budgeting ExplainedIndirect Method – Cash FlowAsset Turnover Ratio Explanation and ExampleSimple Explanation of the Periodic Inventory SystemThe Beginner's Tutorial to BookkeepingAccrued Payroll ExplanationLIFO Reserve Explained with ExampleWhat Is the Payback Period?Units of Production Method of Depreciation: Explanation and CalculationAn Easy to Understand Explanation of a Debit Memo with an ExampleWhat Are Investing Activities in Accounting?Stockholders' EquityAbsorption Costing in AccountingTrade Discount Explanation with ExampleEasy to Understand Explanation of Accrued InterestIncremental Cost Explanation and CalculationOperating Cycle Explanation and FormulaOperating Expenses Explanation with ExamplesMeaning of Mixed Cost in AccountingSimple Explanation of Purchase DiscountsCash and Cash EquivalentsSimple Explanation of FOB Shipping PointDays Sales in InventoryContingent Liability Explanation and ExamplesWhat are Long Term Liabilities?Vertical Analysis Explanation and ExampleHorizontal Analysis OverviewPublic AccountingTimes Interest Earned Ratio: Explanation and PurposeSalaries and Wages: Which one is better?Contribution Margin Explanation and ImportanceWhat Is Going Concern Principle?What does MM mean? 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Can and Should Your Business Do It?Cash Flow ProjectionForm W-8 Defined and ExplainedPropeller Industries OverviewSalt Lake City Bookkeeping OverviewFinancial Statements Audit ReportNon-Profit Statement of ActivitiesYour Guide to Form 990Everything You Need to Know About In-Kind DonationsYour Guide to Tax FilingsSingle vs. Double Entry BookkeepingThe Balance Sheet BasicsNon-Manufacturing Overhead CostsTOA Global Accounting Services ReviewThe Meaning and Benefits of 501 (c3) for Donors and OrganizationA Closer Look at Forensic AccountingJob Costing BasicsProject AccountingWork-in-Process InventoryUnrestricted Net Assets in NonprofitsAccounting for Lease TerminationIOLTA Account BasicsFixed Assets - Explanation and ExamplesAmortization Accounting for Intangible AssetsA Step-By-Step Guide to Starting Your Own Bookkeeping Business.Ignite Spot ReviewAmortization: Explanation and ExamplesFixed Asset AccountingDouble-Entry BookkeepingCost of a Bookkeeper: Can Your Business Afford One?Bookkeeping 101Business Taxes: What are they and how do you calculate them?Acuity - Accounting and Bookkeeping ServicesIntroduction to Cash Flow ForecastCPA Exam Cost & License FeesBill Pay AutomationOverview of the Best Invoicing ToolsBest Payroll Software for Small BusinessesBest Accounting Software – Top 5 ChoicesHow to Hire an AccountantA Guide to Your Own Virtual Bookkeeping BusinessOverview of Fractional CFO ServicesOutsourced BookkeepingProperty Management Accounting GuideA Guide to Real Estate EscrowCryptocurrency AccountingIntroduction to Financial Statements for NonprofitsYour Guide to Real Estate TaxesRemote Books Online ReviewLedgerGurus ReviewTop 25 Highest Paid Occupations in the U.S. for 2020The 5 Richest People in the World and How Coronavirus Affected ThemHow to Fill Out Form W-4 2020The Best Practices for eCommerce BookkeepingPart-time Bookkeeping - A Solution to Your Small Business ProblemsBill.com ReviewOnline AccountingQuickBooks Self-Employed – a Bookkeeping Service with Online LoginCoronavirus Aid, Relief, and Economic Security (CARES) Act promises to help small businessesCARES Act: Guide for Small BusinessesPandemic Relief LoansWhat is a Bookkeeper?What is QuickBooks Payroll Service?Deductible ExpensesWhat is Gross Profit?What is Deferred Revenue?1-800Accountant ReviewBench Accounting ReviewReview of BotkeeperReview of inDineroIndirect Cost: Definition and CalcalationWhat is petty cash, and why is it important for small businesses?Foreign Currency TranslationWhat is a C Corporation (C Corp)?SmartBooks ReviewReview of KPMG SparkWhy should you pay attention to the retained earnings line on the balance sheet?What is an S Corporation (S Corp)?Pilot Bookkeeping Service ReviewADP Run: Review of Payroll Software for Small BusinessesGusto ReviewHubdoc 101: The Basics from Hubdoc Reviews ExpertsReview of ScaleFactor BookkeepingWhat are Financial Statements?What is an Income Statement?What is a Cash Flow Statement?What Are 1099s?Tax Season 2020: What You Need to KnowNetSuite ERP ReviewKashoo ReviewGoDaddy Bookkeeping ReviewsSage 50cloud ReviewSage Intacct ReviewAccounting Profit and LossZoho Books Review — What You Need to KnowAdjusting EntriesPurchases JournalWhat is Xero?Wave Accounting Review — What You Need to KnowTurboTax Review – The Best Online Tax Preparation Software or Not?Intuit Payroll ReviewWhat is FreshBooks?Balancing off AccountsCash Disbursement JournalQuickBooks Online ReviewWhat are the Different Types of AccountingPosting in AccountingSales JournalControl AccountsContra Expense AccountAccrual to Cash ConversionWhat is Accounting Transaction AnalysisWhat is the accounting cycle?What is a general ledger account?What Is a Contra Account: Definition and ExampleWhat is a contra revenue account and why is it important to my small business bookkeeping?Royalties in AccountingThe Difference Between Accruals and DeferralsNormal Balance of Accounts: Definition and ExamplesAccounting Equation DefinitionWhat is Unearned Revenue in Accounting?What is a Retained Earnings StatementRetained Earnings Statement ExampleNegative Retained EarningsIs Unearned Revenue a Current Liability or not?A Guide to Prepaid ExpensesThe Agent BackgroundHow much does an EA earn?What is the Special Enrollment Exam?What is the accounting equation?What are Retained Earnings?What is an enrolled agent, and does your business need one?What is bookkeeping?Unearned Revenue and How It Is Accounted for in BusinessThe Accounting Equation May be Expressed as Assets = Liabilities + Owner’s EquityThe Accounting Equation – Your Guide to Important Accounting EquationsStatement of Retained EarningsStatement of Retained Earnings: Example CalculationRetained Earnings ExplainedWhat is retained earnings normal balance?Getting a top-notch job position with accounting and financeWhat Is Management AccountingCash Basis AccountingHow to use the Retained Earnings Formula to track the profits your business has earned and keptIntroducing Balance SheetWhat is the accounting equation formula?Accrual basis as an accounting methodWhat is bookkeeping, and how does it operate today?The Difference between Daybooks, Journals, Ledgers, and Other Record-Keeping DocumentsHow to meet your bookkeeping needs: employee, contractor, or firm?Choosing an accounting method for your businessNew I-9 form for 2017Bills vs. invoices: what is the difference?What does "accounts receivable" mean?A short primer on accounts payableWhat is cash flowBank reconciliation: a simple explanationWhy is accounting important?
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