How to do bookkeeping

The bookkeeping tasks you should know

Learn about the core bookkeeping jobs, from data entry to bank rec, reporting and tax prep.

1. How to do bookkeeping

   Small businesses can do their own bookkeeping or outsource to professionals. We look at how to find a good balance.

2. Setting up a chart of accounts

   Stepping up to do the bookkeeping in a new business? You may have to set up the chart of accounts. Let’s look at how.

3. How to do bookkeeping data entry

   Data entry is the foundation of bookkeeping. Enter the numbers right and you’ll learn exactly how the business is doing.

4. How to do bank reconciliation

   Humans aren’t always perfect at punching numbers. Bank reconciliation is a way to do quality control on your books.

5. How to manage accounts receivable

   Many businesses issue invoices, and those invoices need to be tracked. Learn how to manage accounts receivable.

6. How to manage accounts payable

   Paying bills isn’t glamorous. But they’re debts and need to be dealt with. Let’s look at how to manage accounts payable.

7. Creating monthly financial reports

   There are dozens of financial reports that you could create. But there are some monthly mainstays that bookkeepers love.

8. How to do payroll

   If all you had to do was pay staff, it would be easy. But there’s more to it than that. Let’s look at how to do payroll.

9. How to prepare tax returns

   Tax returns can be hard for small business owners. There are deadlines to make, and rules to follow. Let’s take a look.

10. Using bookkeeping software

    Whether you do a lot of your own bookkeeping or outsource it all, software can help you save your time and budget.

11. Using professional bookkeeping services

    If you don’t have the time or confidence to take on bookkeeping, a professional can help. Let’s look at what they do.