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...
by Karla Dennis | Jul 22, 2013 | Blog
Professional Bookkeeping Rates While it is crucial to comprehend your bookkeeping to help you evaluate how much to save, it ought to go with the quality of service the bookkeeper provides you. The saying “you pay for what you get” is valid even in professional bookkeeping rates. In the exact same way that if you have to pay for a low rate, you might be dealing with anyone who has no real professional information with regards to bookkeeping. For instance, the freelance bookkeeper may require the cheapest cost, but you could be vulnerable to non-confidentiality, or use of an outdated bookkeeping system that could be hard for you to relate to with your modern business setting. read...
by Karla Dennis | Jul 22, 2013 | Blog
Here are some great ways to safeguard your tax information: Scan files before filing: Run a full system scan of your computer before you do your taxes. This will give you a better chance to find something that got past your anti-virus protection. Keep in mind that fraud issues are not necessarily found in the site at which you file your taxes. Programs “malware” (malicious software) may already be in the computer, which then opens your personal and financial information to cyber criminals. read...
