by Coastal Bookkeeping | Mar 1, 2024 | Bookkeeping
At its core, a balance sheet is a snapshot of your business’s financial health at a specific point in time. It provides a comprehensive summary of what your business owns, what it owes, and its net worth. Think of the balance sheet as a financial report card...
by Coastal Bookkeeping | Jan 31, 2024 | Bookkeeping
Depreciation might seem like a complex concept meant for experts, but it actually has a significant impact on your business’s financial well-being. In this article, we’ll simplify depreciation, covering what it means for your business, how it’s...
by Coastal Bookkeeping | Jan 24, 2024 | Bookkeeping
Running a small business is no small feat. From managing day-to-day operations to staying competitive in a dynamic market, the hustle is real. It’s easy for small business owners to get swept away by the demands of their trade. Many are passionate about what...
by Coastal Bookkeeping | Dec 21, 2023 | Bookkeeping
Simply put, Owner’s Equity is the residual interest in the assets of a business after deducting liabilities. In other words, it’s what’s left over for the owner(s) once all debts and obligations have been settled. Owner’s Equity is the portion...
by Coastal Bookkeeping | Dec 11, 2023 | Bookkeeping
Managing finances is the backbone of every successful business. For small business owners, finding the right accounting software can be akin to navigating treacherous waters. The choices are abundant, and the consequences of choosing the wrong vessel can be costly. In...
by Coastal Bookkeeping | Oct 26, 2023 | Bookkeeping
Bookkeeping, the meticulous recording of financial transactions, is vital for small business success but can be a source of frustration. Balancing entrepreneurial passion with financial record-keeping is challenging. Small business owners often face growing pains,...
