As the year draws to a close, small business owners face one of the most important financial responsibilities of the year: preparing for tax season. Having your books in order not only makes filing easier but also helps you maximize deductions, avoid penalties, and gain a clear picture of your business’s financial health.

At Browne Bookkeeping Services, we know how overwhelming tax preparation can feel. That’s why we’ve put together this year-end checklist to help you get your financial records organized and ready for tax season. Read More... 

When it comes to running a small business, few things feel more overwhelming than keeping your finances in order. You didn’t start your company to get buried in spreadsheets and accounting jargon—you started it to pursue your passion. But the reality is, without strong financial systems, even the most promising businesses can struggle.

That’s where GAAP—Generally Accepted Accounting Principles—comes in. While GAAP is often associated with big corporations, its principles are just as valuable for small businesses. Let’s break down what GAAP is, why it matters, and how it can serve as a roadmap for best financial practices in your business. Read More... 

If we're honest with ourselves as small business owners, yes even bookkeepers, we all have something that we could improve upon in getting organized, staying organized and implementing systems that work for us verse us reinventing the wheel over and over as we go. Read More... 

Do you have a business idea or growing small business and you're now in the thick of how should I be recording my business transactions? Let's break down the difference in cash verse accrual accounting and help you find the solution that's the best fit for your business. Read More... 

You are on top of your numbers, your records are up to date and now you're trying to understand the health of your business, the story your numbers are telling. This is where your financial statements come into play and can help you understand and make informed decisions regarding your business.  Read More... 

At some point every small business will reach a point where the handling of accounting and the tax implications of the business begin to be too much for you as the business owner to juggle single handedly. When you've hit this state, we recommend the day to day bookkeeping as well as in depth accounting and tax filings be hired out to a bookkeeper AND a separate CPA. Getting you back to what you do best, growing your business! 

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Single-entry and double entry accounting (or single-entry and double-entry bookkeeping) are both methods of record keeping for a companies financial transaction data or books.  Let's walk through the key differences between the two types and benefits and downsides to both. 

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