Bookkeeping Basics 101 for Small Business Owners: Guide on How to do your own bookkeeping (Part 1)

If you're a small business owner or a freelancer who wants to do your own bookkeeping but don't know how then this video is for you.

In this video, we explain the Bookkeeping Basics for Small Business! Perfect for small business owners and freelancers, we cover the essentials from A to Z presented in two parts. We teach you why Organized Bookkeeping is Important and simplify our explanation by sharing 5 different Ways Bookkeeping can assist small business owners.

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"To all the entrepreneurs rolling up their sleeves to do their own bookkeeping, we salute you!"

We made this video for you, to walk you through the basics of what bookkeeping is and why it matters.

Timestamps:

00:30 What is Bookkeeping?
00:42 Primary Purpose of Bookkeeping?
01:42 IRS Requirements for Record Keeping
02:30 Bookkeeping Helps with Organizing Records
03:18 How does Bookkeeping help with Business decisions too?
03:41 How can Bookkeeping Help with Business Loans?
04:01 Bookkeeping is important when creating accurate financial records
04:32 Importance of bookkeeping when filing taxes
05:32 Bookkeeping allows you to manage your budgeting.

Let us know your thoughts about bookkeeping for small business owners in the comments below, and don’t forget to subscribe to our channel for more helpful tips for small business owners.
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- Receipt Capture: Circler uses OCR to instantly capture receipts, with advanced OCR technology.
- Ai-Powered Assistant: Simply prompt Circler and it'll generate journal entries
- Secure Storage: Easily access stored receipts and their source prompt whenever needed.
- User-Friendly Dashboard: Circler features two modes—'Accountant' for experts and 'Non-Accountant' for those with minimal accounting knowledge, ensuring clarity and ease of use for all.

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