by Karla Dennis | Jul 22, 2013 | Blog
As a business owner you know all too well that one of the most important parts of running an efficient business is keeping your books and records in top notch order. While many business owners do their own books or have an accountant on their staff, there are numerous benefits to outsourcing your accounting needs. As a small business strategist, I cannot tell you how many companies have enjoyed saving thousands of dollars by outsourcing their bookkeeping. It is a tremendous load off the mind of the owner and a tremendous load off the check book of the business. read...
by Karla Dennis | Jul 22, 2013 | Blog
Often times the difference between a professional bookkeeper and an in house bookkeeper can make or break a business. Typically when business owners are starting out, they try to cut corners and hire help that is very inexpensive. This hiring strategy can turn out to cost you more in the long run. If you are going to be spending money in your business, you have to spend it on areas that can improve your bottom line. A professional bookkeeper with an accounting back ground can help you. Let me tell you the story of Mr. Money. Mr. Money was a gentleman I met who was not concerned about having enough money to start his business because he sold a business and had more money than most to start his new business venture. He knew his business very well and had a service that was well needed. What Mr. Money did not have was two very important elements that every business needs to have regardless of their knowledge and amount of start up capital. Every business starting out needs a spending plan and a professional bookkeeper. Mr. Money did not have these. read...
by Karla Dennis | Jul 22, 2013 | Blog
Many of you may think that accounting and bookkeeping is the same thing. But it is not. Bookkeeping is merely the reporting of information; accounting is analyzing the information for making good decisions. Hiring a bookkeeper with an accounting back ground is very important. All of us are familiar with accounting but may not know it. Anyone who’s worked in an office at some point or another has had to go to accounting. They’re the people who pay and send out the bills that keep the business running. They do a lot more than that, though. Sometimes referred to as “bean counters” they also keep their eye on profits, costs and losses. read...
by Karla Dennis | Jul 22, 2013 | Blog
As a business owner, I put strategy in place for everything I do. Finding a good bookkeeper is no different. You need to make sure the company you choose to work with is passionate about what they do. If you hire a bookkeeper that is passionate, you will have timely, detailed and accurate books for decision making. If they are passionate about what they do, then they will have the following characteristics: Detail Oriented Attention to detail is a must. Imagine having a person who does not read the fine print or always looks for shortcuts. Or even worse, imagine trying to make a deposit not knowing who paid you the money or for what service. Believe it or not, this does happen. Being thorough in your documentation is critical to accurately reporting your financial information. A good bookkeeper will know this. They should be able to determine what information is necessary and what’s not. read...
by Karla Dennis | Jul 22, 2013 | Blog
Bookkeeping is the task of maintaining financial records. Plenty of people may well think that bookkeeping is a straightforward task. However, any company owner would agree that it’s much more complicated than it seems and that records need to be handled correctly since in any other case, they risk failure. It is necessary for all businesses to help maintain correct documentation of all its income and expenditures and make certain that they’re regularly updated. Knowing that customers are a sizable piece of a corporation‘s success, it’ll surely fail if financial transactions aren’t recorded and if those records typically are not maintained properly. This info will probably be vital for properly maintaining the bookkeeping of businesses. read...
