by Karla Dennis | Jan 25, 2014 | Blog
Every business is trying to save money. It is part of being a successful business owner, but letting your bookkeeping go is one area that you can’t afford to have as a stumbling block. There are five ways that you can let your bookkeeping strategies help you put money in the bank. First, it may sound strange to counsel that you hire a bookkeeping specialist, but most businesses find that if bills and employees are paid on time, the company will thrive. You should consider hiring a bookkeeping service or employee as an investment to keep your business organized. Second, make copies of everything. When you have your bookkeeping expert make copies of everything, you protect yourself and your interests. You will be able to prove any bills that come through your company. If an issue should ever go to court, you will be ready. Third, you should always separate your business accounts from your personal accounts. Never take money from your business to pay personal bills. You should even have separate bank accounts and credit cards. Again, it will only protect you to keep the accounts separate. Fourth, don’t use cash. It can be very hard to keep track of cash transactions. When you use your credit or debit card you have a virtual copy of the money you spent. It will make it easier for write-offs when tax time rolls around. Finally, track your mileage. Have your bookkeeping expert log in all of mileage so that you can use it as a tax deduction. Whenever you drive somewhere that is related to your business you can use...
by Karla Dennis | Jan 21, 2014 | Blog
Bookkeeping is one area of your business where you don’t want to go wrong. It can cost you money, business, and employees if you allow your books to become disorganized. Whether or not you have a bookkeeping service or employee on hand, here are some tips on bookkeeping that will keep your business on sound financial waters. It is a lot less overwhelming if you keep track of your books daily. Sit down and examine the amount of money that has been paid and the profits earned. Look ahead to bills that will need to be attended to in the near future. Maintaining daily records will make bookkeeping easier, and it will also keep you from getting surprise bills. Many people forget that checks are as good as cash. You should take extra care when working with checks. Make sure that you use the same signature every time so that you won’t invite forgery. It is a good idea to keep carbon copies of every check that is written. Good records will ensure that you will not be held responsible for errors deal with checks. Your bookkeeping will go a lot smoother if you keep careful records of all of your expenses. For example, when you write checks you should file them in numeric order so that they are easy to find and keep track of. All of your billing should be kept according to date so that you can be accountable for any bills that come through the business. There are a lot of computer software programs that can make bookkeeping easier. They make it easy to track...
by Karla Dennis | Jan 17, 2014 | Blog
You have probably seen countless situations on the news where are bookkeeping company embezzled money from the company that they are working for. The truth is that these situations are quite rare, but that doesn’t mean that you shouldn’t be very selective in finding a bookkeeping company that you can trust. First, when you high a bookkeeping company, make sure that you check with the Better Business Bureau. Their website lists companies that have been dishonest in dealing with employees. It is a great place to start when you are trying to find a good bookkeeping service. Second, get references from the company. When you are given a list of references you should take the time to call the company or person. When you talk to them find out whether the bookkeeping company was organized. Ask about whether they were on time with billing and payroll. You can make sure that they were a pleasure to work with. Don’t forget to make sure that they were honest as well. Some of the best information that you can get about a bookkeeping service can come from actual clients. Third, visit their office. You can learn a lot by visiting the place of business of your bookkeeping service. After all, it is where they will handle your books and other documents. When you look in the office, make sure the personnel look respectable and well-kept. Ask about where they file all of their information. You don’t want your confidential information stored in cardboard boxes. Looking at the establishment can give you a feel for the kind of company that you will...
by Karla Dennis | Jan 15, 2014 | Blog
Karla speaks about tax preparation and the types of questions that you should ask your tax...
by Karla Dennis | Jan 13, 2014 | Blog
Do you own a business? A bookkeeping expert might be just the thing to help your business stay organized, but what exactly does a bookkeeping expert do? Here are four jobs that most bookkeeping expert can easily take charge of with your business. First, a bookkeeper can keep track of payroll. All of the employees’ checks can be scheduled and sent out by a bookkeeper. When it comes to the payment of employees, you don’t want to be late. A bookkeeping expert will ensure that payroll is correct and goes out on time. Second, a bookkeeper keeps track of billing. In any business there are different amounts that you will charge different clients or customers. It can be overwhelming to run a business and keep track of all of the accounts. By outsourcing the job to a bookkeeping specialist, you can guarantee that you will get paid for the services that you provide. Third, a bookkeeping expert pays the bills. Running a business involves a lot of moving parts. On top of the service that you provide you also have to remember to bill the clients, pay the employees, and pay the bills. You can’t allow the power to go out because someone didn’t pay the power bill. A bookkeeping expert will help you to keep all of the bills in order. They can pay providers and even take care of the small jobs, like paying that power bill. Finally, a bookkeeping expert can help employees file all the right paperwork so that they can be paid. They can make sure that a new hire is giving correct information...
