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Path Ahead Bookkeeping - What Is a Transaction in Bookkeeping?

What Is a Transaction in Bookkeeping?

In bookkeeping, a transaction is any business activity that has a financial impact on your company. If money comes in, goes out, or moves in a way that changes your financial records, it is usually a transaction that should be recorded. Clear, accurate transaction...

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Path Ahead Bookkeeping - July 1st - Start of Third Quarter

July 1st – Start of Third Quarter

For many small business owners, July 1st feels like a natural checkpoint. Whether you follow a fiscal calendar that begins a new quarter on July 1 or simply use the date as a midyear financial reset, it is an ideal time to pause, review the numbers, and make...

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