Are you the bookkeeper, controller, and CFO of your company? Here’s a checklist of your main responsibilities … And how to get them off your plate. In one of our most recent posts, we discussed ways to prevent employee theft or fraud. One of those ways involved separating the duties when it comes to your READ MORE
Category: Bookkeeping
Your Year-End Small Business Accounting Checklist
Using this Year-End Small Business Accounting Checklist will help you to save money by keeping the review with your CPA or tax advisor as efficient as possible. It is also designed to help you understand how to close your year like a pro! Step One: Report Review Before you dive into your Year-End Small Business READ MORE
The Hidden Peril: How Mismanaged Inventory Can Cripple Your Business
Effective inventory management is the lifeblood of any successful business. Yet, when mishandled, inventory can quickly transform from an asset to a liability. In this blog post, we will explore the dire consequences of mismanaged inventory and shed light on the importance of implementing robust inventory control systems. “Mismanaged inventory can have devastating consequences for READ MORE
Quarterly QuickBooks Bookkeeping Tips for Business Owners
Here are some QuickBooks tips to consider for your quarterly bookkeeping tasks: Review and reconcile your accounts: Ensure that all your bank accounts, credit card accounts, and other financial accounts are reconciled with your QuickBooks records. Look for any discrepancies and resolve them promptly. Run financial reports: Generate key financial reports such as profit and READ MORE
Bookkeeping Tips Straight from the Experts
In the world of business, effective bookkeeping is a cornerstone of success. As critical as this task is, however, many entrepreneurs find it daunting. Thankfully, experts have shared their best tips to streamline this process and promote financial health in your company. Primarily, the secret to efficient bookkeeping is consistency. Regularly updating your books avoids READ MORE
Double-Entry Bookkeeping: A Must-Have Tool for Growing Businesses
As a small business owner or freelancer, keeping track of your expenses might be a simple matter of creating a list of pluses and minuses, commonly known as single-entry accounting. However, when your business starts to grow, and you have more transactions to manage, it might be time to upgrade your accounting system to double-entry READ MORE