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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

September 08, 2019

Charles Lutwidge
How to use the Retained Earnings Formula to track the profits your business has earned and kept

How to use the Retained Earnings Formula to track the profits your business has earned and kept

As a small business owner, you’re focused on providing a profitable product or service and achieving business growth, meaning more cash for you now plus a higher sale price in the future. Having accurate financial data is a priority for...

Reading Time 7 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.

September 06, 2019

Charles Lutwidge
Introducing Balance Sheet

Introducing Balance Sheet

Introduction: Q: What do you call a friend who loves Math? A: Algebro! Accounting folks, in this article, you have to unleash the algebro in you and learn to solve the mystery there is in retained earnings.If you ever saw...

Reading Time 5 mins
5 / 5 (1 voted)

September 06, 2019

Charles Lutwidge
What is the accounting equation formula?

What is the accounting equation formula?

Introduction: The word ‘equation’ gives a feeling of anxiety or maybe a cringe for two kinds of people in the world: those who don’t love Math and those who aren’t loved by Math either. So, the term, accounting equation sounds...

Reading Time 5 mins
0 / 5 (0 voted)

September 06, 2019

Charles Lutwidge
Accrual basis as an accounting method

Accrual basis as an accounting method

Introduction: What is accrual accounting? The word “cruel,” in its most specific definition, means willfully causing pain or suffering to others. The accrual basis of accounting is considered a complicated accounting method that requires thorough attention to all financial activities...

Reading Time 4 mins
3.8 / 5 (4 voted)

July 10, 2019

Charles Lutwidge
What is bookkeeping, and how does it operate today?

What is bookkeeping, and how does it operate today?

Reporting is engaged in the system of registration and streamlining of all financial data of the enterprise. The organization of the accounting department and the high standards of professional bookkeeping practice is of paramount importance for any enterprise. Besides, an...

Reading Time 5 mins
0 / 5 (0 voted)

August 18, 2017

Charles Lutwidge
The Difference between Daybooks, Journals, Ledgers, and Other Record-Keeping Documents

The Difference between Daybooks, Journals, Ledgers, and Other Record-Keeping Documents

Should you record the sale you just made in accounts receivable, your daybook, or a general ledger? All? None? You can document financial transactions in a number of different records. Read on to clear up the confusion on which is...

Reading Time 2 mins
3.5 / 5 (2 voted)

June 12, 2017

Charles Lutwidge
How to meet your bookkeeping needs: employee, contractor, or firm?

How to meet your bookkeeping needs: employee, contractor, or firm?

Every business (and every nonprofit) needs bookkeeping services. There are a lot of options: you could hire a bookkeeper as an employee, contract the work out to an independent bookkeeper, work with a bookkeeping firm, or some combination of these...

Reading Time 5 mins
0 / 5 (0 voted)

May 02, 2017

Charles Lutwidge
Choosing an accounting method for your business

Choosing an accounting method for your business

One of an accountant’s basic goals is to keep accurate and useful records of financial transactions. Individuals, small firms, large corporations, and even whole countries faced with this task have two major methods from which to choose: the cash basis...

Reading Time 4 mins
0 / 5 (0 voted)
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