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Sunk Costs

By |2019-07-09T11:27:58-07:00July 9th, 2019|Bookkeeping, Financial accounting|

Even if we’re unfamiliar with the term, we all know what a sunk cost is, even if it’s not monetary. Someone who is in a bad relationship but continues in it because, “I’ve already invested so much time into him, I don’t want to give that up,” is using a fallacious belief, because the time [...]

Receipts – Why you need to keep them

By |2019-05-29T15:30:39-07:00May 29th, 2019|Bookkeeping|

The paperless world is here, and while we can welcome it, there are pitfalls. Receipts are one of those pitfalls. By receipts, we mean those little pieces of paper one gets in exchange for money when one purchases something, such as gas or office supplies or materials or whatever you pay for in the course [...]

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