Posts

Redeemed Bookkeeping strives to spread small business financial success with solid education and uplifting empowerment. So no Small Business in Texas is ever left unsure about their financial management.

  • Common Categorization Mistakes in Small business bookkeeping

    Three common categorization traps in accounting are highlighted: The Loan Trap, where only interest is an expense; The Equipment Blunder, where purchases like a laser cutter are assets; and Mixing Personal & Business, which can complicate financial data. Accurate categorization ensures clear financial management and audit preparedness. Seek consultation for assistance.

  • Small Business Owner Month-End Bookkeeping Checklist

    A month-end checklist is the “safety net” that catches errors before they become permanent records. This ensures that the connection between the P&L and the Balance Sheet stays accurate. The “Clean Books” Month-End Checklist 1. The Reconciliation Rule 2. The P&L “Sanity Check” 3. The Balance Sheet “Audit” 4. The “Personal” Filter Need help closing…

  • The General Ledger

    1. The Best Analogy: The “Master Filing Cabinet” Imagine you run a business and you throw every receipt, invoice, and pay stub into a big pile on your desk in the order they arrive. Now, imagine you buy a giant filing cabinet. You label the folders: “Cash,” “Rent,” “Sales,” and “Salaries.” You take that pile…