There are so many bookkeepers that while it is progressive to think of getting a younger person whom you can also pay less than a more experienced bookkeeper already in your employ, stop and think. Can you really afford to lose a great bookkeeper? How do you know that the bookkeeper in your company is […]
Small business accounting – Better late than never
Many small businesses don’t see the light of making it big. If we look into the failure of many of these companies, there is one common cause in irrespective of the industry and geography. Small business owners need to focus primarily on their core business activity. That leaves very little time for a critical activity […]
Stop Internal Fraud: How to Prevent Employee Theft Now
Stop Internal Fraud: How to Prevent Employee Theft Now Trust is not a financial control. It is the hardest lesson for a small business owner to learn. You hire people you like. You treat them like family. But the statistics are brutal: 64% of small businesses experience employee theft, and the median loss is $29,000. […]
Outsource Bookkeeping to India?
When many people launch a business, it is because the idea of freedom – of being their own boss – appeals to them. They like the idea of being in control of their own schedules. They want to help others solve problems or fulfill a need. Being independent and self-reliant is fun. They enjoy feeling […]
Bookkeeping Checklist
What are the various bookkeeping tasks that need to be completed on a daily, weekly, monthly and/or yearly basis? Daily Tasks Cash is like blood for your business and cash flow is like blood circulation. So, it is a good idea to manage your cash flow in and out of your business on a daily […]
Why Good Bookkeeping Could be Key to Growth?
Is your business growing? If so, great, but if you’re not updating the way you manage the books, you could be in for a shock. It’s a much over-used statistic – half of all startups will fail within the first five years. What’s less talked about is that many of those businesses which fail will […]
Great Lawyer! Expensive Law-Firm Bookkeeper?
Are you the typical lawyer, small business owner or CPA trying to do everything on your own? But why? Are you really saving money? Let me tell you a secret…your time is best spent focusing on what you do best! If you are a lawyer, you are good at practicing law…no offense but you do not […]
Is bookkeeping a good career decision?
Accounting, bookkeeping, and auditing are jobs that have you serving different roles. As a bookkeeper here are three of several things you will be dealing with: Handling a company’s financial statements Proofreading reports for errors Managing a company’s accounts When it comes to accounting clerks, you will usually see them in larger companies with narrower […]
How do you setup a new company in QuickBooks?
Setting up a new QuickBooks file using QuickBooks Desktop is very easy. Below are the steps. Launch QuickBooks and select “Express Start.” Enter Company Name, Industry, Company Type and Tax ID. Specify if you have employees or not. Bear in mind that you do not have to enter all the information right away. You can […]