Category Archives: Bookkeeping

a tax form with a stack on money laying on it
Penalty for Not Filing Taxes: What You Need to Know
Filing taxes is a yearly responsibility that many people dread, but failing to file your taxes on time can lead… Read More

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The Difference Between CPA and Accountant: Understanding the Key Distinctions
When it comes to managing finances or preparing tax returns, you’ve likely encountered both accountants and Certified Public Accountants (CPAs).… Read More

Business woman at working with financial reports and laptop computer in the office
What Is the Difference Between Bookkeeping and Accounting and Why Does it Matter?
Understanding the differences between bookkeeping and accounting is essential for successful business management. While these terms are often used interchangeably,… Read More

A black woman working on an Excel sheet using her laptop
What Are The Benefits of Outsourcing Bookkeeping for Your Business?
Managing every aspect of your company can be overwhelming as a business owner, especially regarding your finances. While handling your… Read More

A person doing paperwork and putting coins in a mason jar.
What’s the Difference Between Cost of Goods Sold and Expenses in Business?
When reviewing your company’s financial statements, it’s crucial to understand the difference between the cost of goods sold (COGS) and… Read More

a man using a laptop with his hand on a paper and smiling
The Benefits of Virtual Bookkeeping: Streamline Your Financial Processes
Maintaining financial records can be daunting in today’s fast-paced business environment. Enter virtual bookkeeping, a modern solution designed to simplify… Read More

Bookkeeping vs. Accounting: Why You Need Both and How Accountants Fill the Gaps
In the world of business, bookkeeping and accounting are often misunderstood. Although they may seem similar, each plays a unique… Read More

Navigating Restaurant Finances: Do You Need a CPA, Bookkeeper, or Both?
As a restaurant owner, you are accustomed to preparing delicious dishes that keep your guests coming back for more. Yet,… Read More

woman at desk with computer
Unraveling the Truth: 3 Myths About Accounting Services
In the business world, accounting is often viewed as a necessary but complex subject. Both small and large businesses are… Read More

Accountant consulting with a client representing Gift CPAs bookkeeping Lancaster services
Key Questions to Ask When Selecting a Bookkeeping Firm
Search online for great places to live in the United States, and Lancaster County consistently tops the list. Lancaster boasts… Read More