What is the status of my bookkeeping?

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• Why is bookkeeping needed for my business and taxes?

  Bookkeeping is the process of tracking your business's financial transactions to create key business reports, such as your income statement (also known as profit and loss), balance sheet, and general ledger. A business's books and financial ...

• How do I get started with Vyde's bookkeeping services?

  If bookkeeping is included in your plan, getting started with our bookkeeping service is easy—link up your business bank account to your online dashboard or send us your business bank statements, and we'll get to work recording your income, capturing ...

• How do I do bookkeeping for my business?

  Bookkeeping is an essential part of managing your business finances. Most of Vyde's memberships include bookkeeping as part of our service, which means our team will take care of your bookkeeping and financial reports for you. However, if you are on ...

• How do I understand my bookkeeping reports?

  Think of your bookkeeping reports like this: The income statement reports your business's revenue and expenses and gives you your "bottom line." This report helps you see if your business is making money or not and can reveal to you areas for change ...

• What do the different bookkeeping categories mean?

  The different categories in accounting represent distinct types of transactions or accounts that help organize a company's financial information. Grouping transactions into specific categories enables a business to track, manage, and analyze its ...