Every business deserves trusted advisors, and benefits from accounting and consulting services. Accountants offer business services ranging from tax services to business accounting services. Each provide business’ multiple benefits. This article focuses on how to select an accountant for your various business needs. As a business owner, you have a lot of choices to make […]
Should I Use Double-Entry Bookkeeping or Single-Entry Bookkeeping For My Business?
Let’s imagine you are running a lemonade stand. Your business is new, your transactions are low, and all you need to account for is revenue and expenses to determine your profit. For the time being, you have no need for a double-entry bookkeeping system and can simply record transactions individually. Lo and behold, your lemonade […]
Bookkeeping vs. Accounting: What’s the Best Option For Your Small Business?
How does your business currently maintain financial records? Do you use online bookkeeping software to keep track of your finances and cashflow, and try to keep track of everything yourself, or do you employ or outsource your bookkeeping or accounting? As your business grows and your financial transactions become more complex, it often makes sense […]
How Inflation Affects Small Businesses (And What You Can Do About It)
If you’re watching the latest news, you’ve heard about supply chain shortages, workforce challenges, and rising inflation rates. Inflation is a normal part of the economy. But when inflation gets too high or rises too quickly, the rising costs put a strain on everyone, especially smaller business owners greatly affected by the financial crunch. For […]
Can QuickBooks Replace an Accountant?
Whether you are a small business owner needing small business accounting or the CEO of a mid-sized company, you understand the importance of maintaining organized financial records, such as balance sheets, budgets, and financial reports. With digital records like QuickBooks – a top bookkeeping and accounting software – the storage, management, and analysis of business […]
Can You Answer These 7 Questions About Your Business Finances?
Understanding the financial trajectory of your business is one of the most important aspects of being a successful business owner. As we’ve recently seen during the period of COVID-19, many businesses small and large have failed or been forced to reorganize. If these businesses asked these seven questions much earlier on and received answers, they’d […]
How a QuickBooks Consultant Can Help You
You know about QuickBooks accounting software. But what is a QuickBooks consultant? And how can a QuickBooks consultant help you? A QuickBooks consultant often referred to as a QuickBooks ProAdvisor, bridges the gap between accounting and technology. You’re able to tap into the full capabilities of your QuickBooks software, but more importantly, you’re able to […]
Accounting for Clubs and Associations
Bookkeeping and accounting for clubs and associations is different from accounting for big companies yet the need remains. Clubs and associations don’t have the immediate in-house resources so it’s best to place the books in the experienced hands of a bookkeeper. Bookkeeping and Accounting for Clubs and Associations Track all daily to weekly transactions Inform […]
Top Challenges E-Commerce Businesses Have With QuickBooks
E-commerce continues to win over customers at the expense of brick-and-mortar businesses. Last year, Americans spent more than $600 billion on online shopping, representing a 15% year-over-year increase.