Bookkeeping fundamentals and accounting tips for freelancers and small business owners. Pre-accounting, paperless bookkeeping, invoice basics, and getting started with business finances.
Small business bookkeeping is recording money in and out, sorting each transaction, and reconciling to the bank. Here is the do-it-yourself system: the method choice, the monthly cycle, the records the IRS asks for, and when to hand it off.
A pro forma invoice is a detailed, good-faith estimate laid out like an invoice, sent before a sale closes. It is not a demand for payment, carries no invoice number, and never enters accounts receivable. Here is when to send one and how it differs from an invoice, a quote, and a receipt.
