Steadfast Bookkeeping Co. Blog
Steadfast Bookkeeping Co. Blog

Bookkeeping and Accounting: What is the Difference Between the Two?

Bookkeeping and accounting are two different things, who knew? To most, the two functions appear to be the same profession. Today, we are breaking down the main differences between bookkeeping and accounting. While there are some similarities between the two, you will come to find they are most definitely two separate functions. Let’s start with bookkeeping!

read more
Steadfast Bookkeeping Co. Blog

Charitable Contributions: How to Record Them & Write Them Off

Last year we talked about ways your small business could give back.  Now, you have made a commitment as a business owner to give to your favorite cause, organization, or initiative, congratulations because that is awesome! But now that you are actively giving back as a business, you will want to record and write off your charitable contributions. Why you might ask? First off, that’s good practice, and second, tax breaks! We are sharing seven tips and tricks for recording and deducting charitable donations.

read more
Steadfast Bookkeeping Co. Blog

3 Rookie Bookkeeping Mistakes You Might Be Making

Want to avoid being “that” business owner? You know, the one who shows up to their accountant’s office with a box full of receipts? And has no idea if they're in the red or the black? If you watch Shark Tank, you know poorly managed finances and a lack of knowledge...

read more
Steadfast Bookkeeping Co. Blog

5 Thoughtful (and Useful) Gifts to Give to Clients

You’re the brains of your business. And your clients are the heart. Without them, you wouldn’t be able to live a creative life while pumping funds into your bank account. The holiday season is a great time to show gratitude and appreciation to your clients. During the...

read more
Steadfast Bookkeeping Co. Blog

When to Pay Yourself: 5 Signs You’re Ready

You know you need to pay yourself. And you’ve even been told how: ask your accountant, don’t take out more than you need, be consistent yet flexible, use last year’s performance as a benchmark, and anticipate your gross profit for the next 3, 6, 9, and 12 months. All...

read more