3 Tips for When Your [insert family member here] Does Your Books

Ask any business owner; profit is the name of the game.  It is literally the bottom line.  Business 101: increase revenue and decrease expenses to get more profit.  First rule of business, we all know it.  We know it well. So naturally, when [family member/friend] offers to do your books at a steep discount (or …

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Want to boost your ROI?  Hire a Bookkeeper!

Seriously, how is this a bad idea?  Here’s some stats:  (Bench.io  retrieved form: Bench Article) (Intuit.com   retrieved from: Intuit Article) (Sage.com   retrieved from: Sage Article) … oh yeah!  Got your attention now, don’t I? What is this magic that a bookkeeper brings to your business? Let’s imagine your books are like the ones …

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Chart of Accounts (COA): What’s all the hype?

As a business owner with a set of “books”, you’ve probably come across this thing called the “Chart of accounts”.  What is this, and why is it so critical to consider? So here’s the skinny: the chart of accounts is the literal backbone of your business bookkeeping.  (Psst, your books are the backbone of your …

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5 Biggest Bookkeeping Mistakes & Tips to Avoid Them

Building a client’s banking is usually the first step, then getting the preliminary forecast constructed.  Next, reviewing the Chart of Accounts in the bookkeeping software to ensure that all reimbursable and deductions are captured, then looking at receivables followed by payables.  Reconcile every previous month’s account, including the Paypal, Stripe or Venmo accounts you may …

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The Golden Rule of Bookkeeping: Double-Entry or Double the Fun?

Are you tired of boring bookkeeping practices? Well, have no fear because the golden rule of bookkeeping is here to spice up your financial record-keeping game. Introducing: double-entry bookkeeping. You might be thinking, “Double the work? No thank you.” But hold on, because double-entry bookkeeping is actually like having a built-in fact-checker for your financial …

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