Learn
Learn
Learn
Your Guide to Smarter Bookkeeping & Confident Business Finances
Your Guide to Smarter Bookkeeping & Confident Business Finances
Your Guide to Smarter Bookkeeping & Confident Business Finances
Whether you're a new entrepreneur or a growing business, these guides will help you make informed decisions, stay compliant, and manage your finances with confidence.
01
What is Accounts Payable?
Accounts Payable represents the money your business owes to vendors or suppliers. It includes unpaid bills, invoices, and short-term obligations your company must pay.
Includes
Business bills
Supplier payments
Due dates
Outstanding balances
Recurring expenses
Purchase orders
01
What is Accounts Payable?
Accounts Payable represents the money your business owes to vendors or suppliers. It includes unpaid bills, invoices, and short-term obligations your company must pay.
Includes
Business bills
Supplier payments
Due dates
Outstanding balances
Recurring expenses
Purchase orders
01
What is Accounts Payable?
Accounts Payable represents the money your business owes to vendors or suppliers. It includes unpaid bills, invoices, and short-term obligations your company must pay.
Includes
Business bills
Supplier payments
Due dates
Outstanding balances
Recurring expenses
Purchase orders
02
What is Accounts Receivable?
Accounts Receivable represents the money customers owe your business for goods or services already provided. It shows your outstanding invoices and expected incoming payments.
Includes
Customer invoices
Outstanding payments
Payment terms
Aging reports
Payment reminders
Credit sales
02
What is Accounts Receivable?
Accounts Receivable represents the money customers owe your business for goods or services already provided. It shows your outstanding invoices and expected incoming payments.
Includes
Customer invoices
Outstanding payments
Payment terms
Aging reports
Payment reminders
Credit sales
02
What is Accounts Receivable?
Accounts Receivable represents the money customers owe your business for goods or services already provided. It shows your outstanding invoices and expected incoming payments.
Includes
Customer invoices
Outstanding payments
Payment terms
Aging reports
Payment reminders
Credit sales
03
What is Account Reconciliation?
Account Reconciliation is the process of comparing your internal financial records to bank or credit card statements to ensure everything matches and no errors exist.
Includes
Bank statements
Credit card statements
Transaction matching
Deposit verification
Expense verification
Missing entries
03
What is Account Reconciliation?
Account Reconciliation is the process of comparing your internal financial records to bank or credit card statements to ensure everything matches and no errors exist.
Includes
Bank statements
Credit card statements
Transaction matching
Deposit verification
Expense verification
Missing entries
03
What is Account Reconciliation?
Account Reconciliation is the process of comparing your internal financial records to bank or credit card statements to ensure everything matches and no errors exist.
Includes
Bank statements
Credit card statements
Transaction matching
Deposit verification
Expense verification
Missing entries
04
What is Sales Tax Tracking?
Sales Tax is a government-required tax on certain goods and services. Businesses collect it from customers and submit it to the state following specific rules.
Includes
Taxable sales
Exempt sales
Sales tax rates
State & local tax rules
Filing deadlines
Collected tax
04
What is Sales Tax Tracking?
Sales Tax is a government-required tax on certain goods and services. Businesses collect it from customers and submit it to the state following specific rules.
Includes
Taxable sales
Exempt sales
Sales tax rates
State & local tax rules
Filing deadlines
Collected tax
04
What is Sales Tax Tracking?
Sales Tax is a government-required tax on certain goods and services. Businesses collect it from customers and submit it to the state following specific rules.
Includes
Taxable sales
Exempt sales
Sales tax rates
State & local tax rules
Filing deadlines
Collected tax
05
What is Payroll Integration?
Payroll refers to paying employees or contractors, handling wages, taxes, and proper worker classifications.
Includes
Employee wages
Contractor payments
Payroll taxes
Withholdings
Pay schedules
W-2s & 1099s
05
What is Payroll Integration?
Payroll refers to paying employees or contractors, handling wages, taxes, and proper worker classifications.
Includes
Employee wages
Contractor payments
Payroll taxes
Withholdings
Pay schedules
W-2s & 1099s
05
What is Payroll Integration?
Payroll refers to paying employees or contractors, handling wages, taxes, and proper worker classifications.
Includes
Employee wages
Contractor payments
Payroll taxes
Withholdings
Pay schedules
W-2s & 1099s
06
Accounting VS Bookkeeping
Bookkeeping focuses on recording daily financial transactions, while accounting interprets, analyzes, and summarizes that financial information to support decision-making and tax reporting.
Includes
Daily transaction recording
Financial analysis
Categorizing income
Chart of accounts
Month-end closing
Preparation vs. recordkeeping
06
Accounting VS Bookkeeping
Bookkeeping focuses on recording daily financial transactions, while accounting interprets, analyzes, and summarizes that financial information to support decision-making and tax reporting.
Includes
Daily transaction recording
Financial analysis
Categorizing income
Chart of accounts
Month-end closing
Preparation vs. recordkeeping
06
Accounting VS Bookkeeping
Bookkeeping focuses on recording daily financial transactions, while accounting interprets, analyzes, and summarizes that financial information to support decision-making and tax reporting.
Includes
Daily transaction recording
Financial analysis
Categorizing income
Chart of accounts
Month-end closing
Preparation vs. recordkeeping
Ready for cleaner books and smarter financial decisions?
See how BM Bookkeeping can organize your books and make tax season easier than ever.
See how BM Bookkeeping can organize your books and make tax season easier than ever.
Frequently Asked Questions (FAQ)
What bookkeeping services do you provide?
We offer Accounts Payable Management, Accounts Receivable Management, Account Reconciliation, Sales Tax Tracking, Payroll Integration, and CPA Coordination. Each service is designed to keep your books organized, accurate, and ready for tax season.
What bookkeeping services do you provide?
We offer Accounts Payable Management, Accounts Receivable Management, Account Reconciliation, Sales Tax Tracking, Payroll Integration, and CPA Coordination. Each service is designed to keep your books organized, accurate, and ready for tax season.
What bookkeeping services do you provide?
We offer Accounts Payable Management, Accounts Receivable Management, Account Reconciliation, Sales Tax Tracking, Payroll Integration, and CPA Coordination. Each service is designed to keep your books organized, accurate, and ready for tax season.