Zaphyrkeep – Bookkeeping and Accounting

Bank Reconciliation

"Accounts Payable vs Accounts Receivable: What's the Difference?"

Accounts Payable vs Accounts Receivable: What’s the Difference?

What if a single accounting mix-up could quietly drain thousands of dollars from your business before you ever noticed? For many small business owners, that is not a hypothetical scenario, it’s Tuesday morning.  Accounts payable (AP) and accounts receivable (AR) are two of the most basic ideas in business finance. They sit on opposite sides […]

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What is Bank Reconciliation? Steps, Examples, and Why It Matters for Your Business.

What Is Bank Reconciliation? Steps, Examples, and Why It Matters for Your Business

Let me describe a situation you have probably lived through; you check your bank balance online and see a healthy number, so you feel good about paying that vendor invoice or buying new equipment. Then you open your accounting software later that same day, and the number there tells a completely different story. Now you

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