Expense Tracking & Accounting Tips

Our blog is where we share tips, guides, and insights to help freelancers and small business owners manage expenses, stay tax-ready, and grow their business.

Bookkeeping & Accounting

What Is a General Ledger? A Sole Proprietor's Month

The general ledger is where every transaction lands sorted by account, not by date. This guide posts one photographer's month account by account, rolls it into a trial balance that ties to the dollar, and maps each account to its Schedule C line.

Aug 31, 202610 min read

Bookkeeping & Accounting

What Is a Trial Balance? Worked Example and Error Check

A trial balance lists every account balance in its debit or credit column, totaled to prove the ledger ties before you build financial statements. This guide walks one sole proprietor's month into a trial balance, then shows the errors a balanced one still hides.