Making a Business Out of Online Auction Selling

3 Tips To Help Make Bookkeeping Easier

Posted by on Nov 4, 2015 in Uncategorized | Comments Off on 3 Tips To Help Make Bookkeeping Easier

Owning and operating a small business takes an incredible amount of time and dedication. Since small business owners often wear many hats throughout the course of a day (advertiser, customer service representative, etc.), it can be easy to let mundane tasks like bookkeeping fall through the cracks. If you are hoping to keep your company’s finances more organized in the future, here are three simple tips you can use to make bookkeeping easier. 1. Take the time to learn the basics.  While you might use an accountant to help you file taxes and audit your financial records, many bookkeeping tasks can be completed by you or your employees. With knowledge of basic accounting principles like maintaining a balanced ledger or keeping an inventory of your assets, you will be able to provide your accountant with accurate information as the need arises. Ask your accountant for some pointers or enroll in a basic accounting class to help you improve your financial skills. 2. Stay organized. When it comes to managing financial documents, staying organized is essential. Since you will likely need to provide your accountant with receipts for purchases when the time to prepare your company’s taxes arrives, keeping these receipts organized is a must. Doing simple things like taking a photograph of any cash payments you make and keeping all receipts in plastic bags organized by date will help make future bookkeeping tasks much easier. 3. Take advantage of technology. With advancements in technology making tasks that were once complicated a breeze, you can use technology to help make your bookkeeping easier in the future. Investing in software programs that allow you to track your company’s financial status on a regular basis will provide you with the opportunity to more accurately manage your funds. As you shop for a software program, be sure that you are looking for a program that gives you the option of linking your bank accounts. By linking your bank account, transactions will automatically appear in the program and be accounted for without requiring the time for manual entry. Bookkeeping is a task that many small business owners dread, but it is important when it comes to maintaining the health and vitality of your business. You can work together with your accountant to learn basic accounting principles, develop a system for organizing important receipts, and take advantage of software programs that make bookkeeping more user-friendly to ensure your financial records are always up to date. For professional accounting services, contact a company such as Nathan Professional Corp bookkeeping...

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Advantages To Hiring A Professional Bookkeeping Service

Posted by on Sep 26, 2014 in Uncategorized | Comments Off on Advantages To Hiring A Professional Bookkeeping Service

Every company needs to have bookkeeping services of one form or another, no matter how large or small that company. Bookkeeping allows a business owner or manager to know how much money is coming in and how the money is spent, and also makes it easier to file paperwork during tax time. Accurate bookkeeping also alerts collections as to past due accounts so they can follow up quickly. Before you decide that you need to hire a fulltime bookkeeper for your business, consider some advantages to hiring a professional service instead. 1. They use advanced software and programs Professional bookkeeping services not only provide you with skilled personnel, they also typically use the most advanced bookkeeping software available today. These programs can make it easier to generate reports, show compliance, and prepare tax records. Investing in updated software and new programs can be very costly for companies but is part of the package paid for with an outside service. 2. You pay only for the services you need When you hire a professional bookkeeping service, you only pay for the services you need rather than paying someone to be in the office for a set number of hours. As an example, you might need a bookkeeper to manage your accounting functions or to prepare reports for tax time, but then don’t need them throughout the week or month. Rather than paying for a bookkeeper to be in your office even during downtimes, you pay a professional service for what you need and nothing more. 3.  You don’t pay for overtime, holiday pay, and the like An employee’s salary is not the only expense that employers face when they hire someone to work in the office. Employers must also pay for sick leave, holiday pay, overtime, vacation pay, medical benefits, worker’s compensation insurance, and so on. An employer also needs to pay for office space for each employee. These costs add up quickly, but when you hire an outside bookkeeping service, you only pay for their services and nothing more. When you compare the rate they charge versus all your costs in keeping an employee, you may see that it’s more cost-effective to hire an outside company overall. These are just a few reasons to consider using an outside bookkeeping service like Accounting Solutions when you need to have your company’s books balanced. This service can actually be cheaper than a full-time employee and can provide you with the skills and software you need for accurate bookkeeping...

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