Ganeshkumar S K

Cloud bookkeeping continues to evolve faster as the standard for businesses of all sizes heading into 2025. Upwork reports that 32.6 million Americans – 22% of the workforce – will work remotely by 2025. This trend forces companies to adapt their financial systems. The workplace has changed dramatically, and 98% of employees want remote work … Read more

  Becoming skilled at accounting equations can make the difference between financial clarity and confusion in your small business. These fundamental formulas might look intimidating, but they are the foundations of your business finances. The simple accounting equation (Total Assets = Liabilities + Equity) gives you a critical snapshot of your company’s financial position. The … Read more

Your small business’s financial foundation depends on choosing between double entry vs single entry accounting. Single-entry accounting lets you record transactions once, which keeps things simple. Double-entry accounting gives you a detailed view of your finances by recording each transaction twice. The way these systems differ goes beyond basic bookkeeping—it affects how well you can … Read more

Did you know you should save about 30 percent of your income for taxes as a bookkeeping freelancer? This represents just one of many financial realities we face as self-employed professionals. My early days of freelancing taught me that managing finances matters just as much as delivering quality work to clients. Many freelancers struggle during … Read more

Companies relying on paper receipts face a staggering 17.7% error rate in expense claims. The need to organize receipts electronically isn’t just about convenience—it’s crucial for accuracy. Automated tools dramatically reduce this error rate to just 1.3%. Managing business receipts manually consumes about 8 minutes per receipt, which wastes entire workdays monthly. On top of … Read more