Online Bookkeeping
Online Accounting Software Buying Guide for Small Business Owners (2025) Introduction Managing business finances doesn’t have to be complicated, time-consuming, or expensive. With the right accounting software, small business owners can take control of their cash flow, save on taxes, simplify bookkeeping, and make smarter financial decisions. However, the market is flooded with options, each […]
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Payroll Services Buying Guide for Small Business Owners (2025) Introduction Payroll isn’t just about paying your employees—it’s also about staying compliant with tax laws, managing employee benefits, and maintaining trust in your business. Choosing the right payroll service is essential for small businesses that want to streamline operations, reduce errors, and avoid costly penalties. This […]
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Tools Profit and Loss statement Helpfull Checklists Business Bank Account Setup Checklist Accounting Software Evaluation Checklist Payroll Software Evaluation Checklist Grants $ 25,000 Amazon Small Business Grant $100,000 in grants for women-owned businesses from HR Block $ 5,000 Comcast rise grant (Certain cities Only, click the link to see if you qualify) Some of the […]
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Tools & Resources to Simplify Your Finances At MyLedgerSource, we understand that managing finances requires the right tools. We’ve carefully selected the best bookkeeping apps, payroll providers, tech gear, and educational resources to support your business journey. Bookkeeping Software Accurate bookkeeping is the heart of every successful business. Whether you are tracking expenses, managing invoices, […]
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Financial Statements
What Are Financial Statements? Financial statements are official records that present the financial activities and condition of a business in a structured, easy-to-understand format.They are the foundation of business reporting and help business owners, investors, lenders, and other stakeholders evaluate a company’s financial performance, strength, and direction. They show: Without accurate financial statements, businesses would […]
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Entries
What Is a Ledger? In accounting, a ledger is the complete, detailed record of all financial transactions carried out by a business, arranged by account. Think of it as the master book where all financial activities are systematically logged, categorized, and totaled. Ledgers are used to track the flow of money, monitor the company’s financial health, and […]
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Bookkeeping
What Is Bookkeeping? Bookkeeping is the systematic process of recording, organizing, and maintaining the financial transactions of a business on a daily basis.It involves capturing every monetary event — whether it’s a sale, a purchase, a bill payment, or a receipt of income — in a structured and accurate manner. At its core, bookkeeping answers a critical question for […]
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