Cash accounting recognizes revenue and expenses when money moves. Accrual recognizes them when earned or incurred. Most small businesses run cash for tax and accrual for books. Here's why and how.
AR is money customers owe for work delivered. Here's the full lifecycle bookkeepers manage: invoicing, payment application, aging, and write-offs.
AP is the current liability for unpaid vendor bills. Full lifecycle, AP vs AR, period-end traps, and the gotchas bookkeepers hit most.
Accountant and CPA fees go in Accounting Fees, a sub-account of Professional Fees. Splitting by service type (tax prep, bookkeeping, audit, advisory) gives owners cleaner year-over-year benchmarks and tax preparers a faster handoff.
Step-by-step guide to connecting Stripe with Xero: clearing account setup, bank rules, payout reconciliation, and fee handling for bookkeepers managing Xero clients.
End-to-end guide to reconciling Stripe using the payout-period method: pull reports, build journal entries, clear the clearing account, and handle exceptions.
Stripe charges five distinct fee types, each with different GL treatment. Here's the complete chart of accounts mapping bookkeepers actually use.
That Stripe deposit hitting your bank account isn't a single sale. Here's the exact math behind why Stripe deposits never match your invoices, and how to fix it.
Step-by-step guide to recording Stripe transactions in QuickBooks Online using the clearing account method, with real journal entry examples and a manual vs. automated comparison.
Stripe bookkeeping starts with payouts, fees, refunds, and a clearing account. Use this guide to reconcile Stripe in QBO or Xero without guesswork now.
What AI bookkeeping software actually does, what it can't do, and how to pick a tool. From a CPA firm partner who's run the same evaluation for real clients.
Manual bookkeeping costs you in three ways: owner time, missed errors that compound, and a hard ceiling at 15-25 clients per bookkeeper. Here's the math from a CPA firm partner who's lived all three.
See Growthy on a sample book. Read-only bank access.
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