Opening Balance Equity: Definition & How to Fix it?

Opening Balance Equity is an account in the balance sheet that represents the initial investment made by the owner or shareholders to start a business. In simpler terms, it refers to the amount of money put into the company at the beginning of its operations....

Bookkeeping, Accounting, and Payroll How It All Works

If your business is ever audited by the IRS — or if it just has a question for you — CARES Act your bookkeeper can act as your liaison. Bookkeeping beginners need quick wins to get started quickly and efficiently. The tips below are industry standards that will help...