This guide is to lay the crucial groundwork for a smooth tax season. Every small business owner’s dream, right?Understanding the necessary documents and records is key to navigating this process effectively. Let’s break it down step by step to ensure you’re well-prepared. 1️⃣ Revenue Records: Documenting Your Earnings What You Need to Gather: Invoices: Records…
Establishing credit is a clear and vital imperative in the realm of small business ownership. It’s the art of balancing the books, making strategic investments, and securing a stable financial future. Let’s uncover why establishing credit is not just a good idea but a vital step toward ensuring the financial security and prosperity of your…
The Chart of Accounts plays a pivotal role in the financial health of your business. It’s the backbone of your financial success.
Running a business requires juggling multiple tasks, and managing accounts receivable can often be a time-consuming and challenging process. In this article, we’ll explore the benefits of outsourcing your accounts receivable management to a remote bookkeeper and how it can contribute to your business’s growth and success. Managing accounts receivable can be a challenging task…
Hiring a remote bookkeeper can provide you with the freedom of not having to manage an on-site employee, the flexibility to access financial data from anywhere, and the convenience of having an expert handle your bookkeeping needs. Additionally, outsourcing bookkeeping tasks can save you time and money in the long run.
Financial statements are formal records of all financial activities and performance of a business, presented in a structured manner. There are three main financial statements: BALANCE SHEET This report is prepared to show the organization’s financial position at the end of an accounting period. The balance sheet displays the classic accounting equation Assets = Liabilities +…
Are you still handling your business’ bookkeeping with a spreadsheet and a shoebox? Do you find yourself frustrated and stressed at tax time? Does your accountant typically ask questions about your books that you don’t know the answers to? If this sounds like you, read on… Bookkeeping is the act of recording, categorizing, and reconciling all…
Every business should have an emergency fund. If the pandemic taught us nothing else, having funds to fall back on, for individuals as well as businesses, is a necessity. Significant financial fluctuations can be caused by any number of things that are out of your control, such as Changes in the economy, regulations, and taxes…
Custom reporting to provide the information you want. Help you understand the reports and work with you to know your business’s financial health and stability, lower expenses, increase revenue streams and profitability, and grow your business.
• Customer Reports
• Employee Reports
• Expense Reports
• Profitability Reports
• Quarterly Finance Report
• Comparative Financial Reports
• Additional Services Also Available
• Accounts Payable
• Accounts Receivable
• Budgeting
• Internal Controls Review