What is Bookkeeping?

Welcome to Ardent and our first blog post!

It seems a good place to start off is to answer the question, what is bookkeeping? A quick dictionary search will tell us that bookkeeping is the recording of the financial transactions of a business and it is part of the accounting process.

What it might mean for you is that you have a pile of receipts and you are not sure what to do with them.

Bookkeeping is the dictionary definition and it is your pile of receipts definition. And it is more. At it’s best it helps tell the story of your business. It helps us see an accurate picture. It saves money by assisting with informed decisions. It aids in doing more of what our business was created to do.

And to get us started- here are our top two bookkeeping tips:

• Keep your personal and business expenses separate. Always.

• Set aside money for taxes and pay your quarterly estimated taxes.

There are of course more. We will add more tips to the list. We will expand upon them. But this seems like a good place to begin.

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