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Bookkeeping Basics
12 articles tagged with bookkeeping basics.
· 8 min read
Can ChatGPT Do My Bookkeeping? An Honest Answer
ChatGPT can now read your QuickBooks and send an invoice. Somebody still has to check the books. Here's what AI tools really do in 2026, where they break on a real business's books, what each option costs, and how to tell if you still need a person.
Jordan PeacockRead more· 8 min read
Is QuickBooks Desktop Going Away in 2026? Dates, Options, Costs
Support for QuickBooks Desktop 2023 ended May 31, 2026, and the confusion is doing real damage. What actually stopped working, your three real options, and what nobody tells you about the migration until you're stuck in the middle of it.
Jordan PeacockRead more· 9 min read
QuickBooks Online vs. Desktop: Which Should Your Business Use in 2026?
For years this was a real debate. In 2026, it mostly isn't. Intuit stopped selling new Desktop subscriptions to most customers, and Online has closed the feature gap. Here's the honest breakdown of where each one still makes sense.
Jordan PeacockRead more· 6 min read
What Does a Bookkeeper Actually Do?
A lot of business owners pay for bookkeeping every month and still end up doing the work themselves. Here's what a bookkeeper actually does, what should be included, and how to tell if you're getting it.
Jordan PeacockRead more· 8 min read
The $15K Mistake We Found in a Client's Books Last Month
Last month we took over a new client's books and found $15,000 in errors: missed deductions, misclassified expenses, and personal charges mixed in with business accounts. Here's the full story and what you can learn from it.
Jordan PeacockRead more· 8 min read
What Happens When You Ignore Your Books for 2 Years
Two years of ignored bookkeeping doesn't just mean messy books. It means IRS penalties, missed deductions, surprise tax bills, and no clue whether your business is actually profitable. But here's the thing. It's fixable.
Jordan PeacockRead more· 8 min read
Why Monthly Bookkeeping Costs Less Than Doing It Yourself
DIY bookkeeping feels free, until you add up the hours, the missed deductions, the CPA cleanup bills, and the bad decisions made from bad data. Here's the real math on why paying a bookkeeper saves you money.
Jordan PeacockRead more· 7 min read
Commingled Funds: The #1 Mistake New Business Owners Make
Using your personal bank account for business expenses seems harmless. Until the IRS audits you, your LLC protection evaporates, and you have no idea whether your business is actually making money. Here's how to fix it.
Jordan PeacockRead more· 7 min read
5 Signs Your Bookkeeper Is Costing You Money
A bad bookkeeper doesn't just waste your money on their invoice. They cost you money in missed deductions, penalties, and decisions based on bad data. Here are 5 red flags to watch for.
Jordan PeacockRead more· 8 min read
QuickBooks vs. Spreadsheets: The Real Cost of DIY Bookkeeping
Spreadsheets feel free but cost you in time, missed deductions, and CPA headaches. QuickBooks is better, but it still needs someone who knows what they're doing. Here's what DIY bookkeeping actually costs.
Jordan PeacockRead more· 8 min read
How to Read a P&L Statement (Even If You Hate Numbers)
A P&L statement tells you whether your business is actually making money or just moving it around. Here's how to read one in plain English, no accounting degree required.
Jordan PeacockRead more· 10 min read
Bookkeeper vs CPA: Which One Does Your Business Need?
Bookkeeper vs CPA is the wrong fight. They do different jobs, they cost different amounts, and for most business owners the honest answer is both. Here's the side-by-side breakdown, the 2026 costs, and the 12-month math for a contractor doing $500K.
Jordan PeacockRead more
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