Friday, June 30, 2017

Why Your Business Shouldn't Be Your Retirement Plan

If you don't have a 401(k) because you are banking on your business to fund your retirement, tax expert Mark Kohler says it's time to reevaluate your retirement plan.

Tuesday, June 27, 2017

Three Reasons Why Businesses Need to Use Bookkeeping Services

Along with actually running the day-to-day operations of a store, franchise, or company, there is also the financial paperwork, which has to be completed just right or you could face serious legal consequences. Owners need to keep track of expenses, salaries, profits, insurance, taxes, and tax breaks. The best way to handle these details is to hire professionals. Here are three reasons why bookkeeping services can help you.

Accuracy When It Matters

First off, unless you have a CPA license, bookkeeping services will handle your accounting more accurately and promptly than if you attempt to do it yourself. Trained professionals complete this type of work every single day and can focus on each and every detail. Depending on the type of business and size, there are certain accounting methods that can be utilized to maintain records. Private firms can analyze your company and figure out which organization method will be most accurate for your finances. You will always have an up-to-date idea of how your business is doing financially, and what you can and cannot afford. Furthermore, a firm can complete these tasks quicker than the average owner.

Save Valuable Time

Secondly, doing your own accounting and tax filing takes time. In some cases, it takes a lot of time. The time it takes you to crunch numbers can impact the day-to-day operations of your company. Bookkeeping services can take this extra work off of your plate. This will allow you to focus your energy on your overall vision for your store or company, rather than on the little details. So while a professional firm may initially seem expensive, you must consider how much more money you can bring in by not spending hours every week on your books.

Avoid Potential Conflicts

Hiring bookkeeping services is ideal if there are any potential conflicts of interest. If your company is a partnership or has a complex business arrangement, there could be multiple parties with an interest in your venture's accounting. By bringing in an outside firm, all partners can be assured that the numbers come from an independent source with no preference. Along with ensuring you receive the correct numbers, this will also help prevent any potential suspicion between partners.

In short, hiring bookkeeping services can be an excellent way to keep your business running smoothly. When tax season comes around, having kept accurate records will make filing your returns much easier, which is one less thing a business owner needs to stress about.

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Saturday, June 24, 2017

Accurate Record Keeping

An Accurate Financial Picture is Critical to the Success of Any Business

Our professional bookkeepers understand the importance of clean, accurate financial records and the wide-spread negative implications caused by unorganized ledgers.

By working with a professional bookkeeper and following a set of procedures developed specifically for your business, your financial transactions will be entered and tracked properly and your bookkeeping data will accurately reflect the financial health of your company.

Our bookkeepers are experienced in developing protocols and working with business owners to find a system that works for their company. No two companies are the same but our professional bookkeepers make sure data is entered and recorded properly so, regardless of the industry or size, you will always know exactly where your company stands financially.

Wednesday, June 21, 2017

The 3 Biggest Leadership Mistakes People Make Today

As a leader, everything you do is carefully noted and affects the behavior of the people around you. Avoid these 3 leadership mistakes at all costs.

Sunday, June 18, 2017

Billing Support

Your bookkeeper can bill customers automatically, schedule recurring bills so you never forget to invoice a customer and follow up with outstanding payments so you get your money faster.

  • Automatic & Recurring Billing
  • Custom Invoice Templates
  • Reminder Phone Calls for Open Invoices

Thursday, June 15, 2017

The Top Reasons Your Business Will Benefit From Outsourcing Bookkeeping Services

When you are operating a business, you already have a lot of responsibilities on your shoulders. Your main focus is to keep things running smoothly and to make a profit. Maintaining the record books is something that you may not always have time to do. There are plenty of bookkeeping service companies out there that can help make sure you get all of your paperwork done properly so it doesn't pile up.

Even if you have the time to take care of your records, doing so is probably your least favorite task. It is time consuming, it requires you to sort through piles of paper, and you cannot focus on where you are needed when you are stuck behind the desk. By hiring out bookkeeping services, you can take advantage of all the benefits that go along with having someone else take care of this daunting job.

You may have avoided hiring bookkeeping services because you did not want to load up all of your documents and take them to a provider every week. You also could not afford the cost that goes along with having an accountant or professional come to your office. Now, with technology and the Internet, one option is to get all of your bookkeeping done online.

By having someone else take care of your records, you are going to have more time to focus on the rest of your company's operations. This may be the number one benefit to outsourcing this job. You know that time is money and you never seem to have enough of it. The small fee associated with hiring a professional bookkeeping agent is going to be nothing compared to the free time you get out of it.

When you hire a full-time or even a part-time accountant to have on the payroll, you are going to acquire costs that are associated with having an employee. When you outsource your bookkeeping services to one of these online outlets, you are only paying for the services you use when you use them. In the end, you are saving your business a lot of money.

Another reason to outsource your bookkeeping services is so that you have the experience of record keeping working for you. The knowledge that you need involving record keeping will always be available to you without you having to pay the full cost of hiring a professional accountant. This makes you more available to spend the time necessary to properly staff your employees and take care of your work.

An outsourced bookkeeper is going to be able concentrate more on their job when they are located in their own working environment. Instead of an office staff member getting caught up in the busy day-to-day operations of your company, they will be able to spend the time necessary to complete the record keeping work they need done so you get the best results.

You can have an HR manager, secretary, or other employee take care of your records for you. However, this puts more pressure on them and also gives them access to funds and other information you may rather keep private. You can avoid possible fraudulent activity by having a third-party professional keep track of all your paperwork.

The outsourcing businesses that are out there specialize in keeping records. With this being their main focus, they are going to spend the time and resources to get the best software available to do their job. In turn, you are going to receive the benefits that go along with the most updated systems.

There are plenty of benefits to outsourcing your bookkeeping. By becoming aware of what they are you can make a more educated decision on whether it is the best option for your business.

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Monday, June 12, 2017

How to Organize Your Wallet

Entrepreneur Network partner Brittney Castro shares why it’s so important to keep your cash, cards and change in order.

Friday, June 9, 2017

Financial Checks and Balances

Always have an accurate view of your company’s bookkeeping and financial records.

Our professional bookkeepers act as an extra set of eyes on your books to ensure the internal controls set up in your proceedures manual are followed. These checks and balances of your bookkeeping data will eliminate bookkeeping errors, promote accurate record keeping and help to prevent employee fraud.

Benefits of Having Checks and Balances

  • Enforcement of established bookkeeping proceedures
  • Maximize the accuracy of your bookkeeping records with properly entry and tracking of financial transactions, outflows, and receivables
  • Minimize the risk employee fraud with audit trails and internal controls

Tuesday, June 6, 2017

The Major Obstacle to Financial Success

Entrepreneur Network partner Brain Tracy shares with you how to overcome this obstacle and reach the financial success that you deserve.

Saturday, June 3, 2017

Free Bookkeeping Consultation

Meet With A Certified QuickBooks ProAdvisor

Take control of your company’s financials and set up an appointment for a free bookkeeping consultation and customized quote.

Free Consultation

  • Meet with a certified ProAdvisor.
  • Discuss your bookkeeping needs, goals & budget.
  • Receive a customized bookkeeping proposal and quote.
  • Absolutely no obligation and nothing to lose!

If you are serious about reducing the hassle of bookkeeping and freeing up your time & money, contact us today!

For more information about our products and services please contact us at:
Direct: 443-864-9249
Office: 410-715-3657
Fax: 410-531-2752