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Maxim Liberty has been providing outsourced bookkeeping services to businesses and accounting firms in the USA and Canada since 2005.
Making decisions based on solid data is key to growing your business effectively. By leveraging accounting data analysis, you can gain important insights into your business performance and make smart choices that drive success. Let’s talk about how you can use your accounting data to its full potential. 1) Understand the Basics of Accounting Data Analysis […]
Accurate bookkeeping is essential for the financial health and success of any business. However, even minor errors in bookkeeping can lead to significant financial issues, from inaccurate financial statements to costly compliance mistakes. Here are five common bookkeeping mistakes business owners make and some practical tips on how they can be avoided. 1. Neglecting Regular Reconciliation […]
Welcome to our interactive blog series, “Ask the Accountant: Your Burning Questions Answered.” This is your go-to space for getting expert advice on all things accounting. Whether you’re managing a small business, running a law firm, or simply looking for the best online bookkeeping service, we’ve got you covered. Each month, we’ll address your questions, providing […]
Introduction In today’s globalized business environment, outsourcing bookkeeping services has become a common practice for many companies seeking cost-effective solutions. However, for healthcare providers in the United States, compliance with the Health Insurance Portability and Accountability Act (HIPAA) is paramount. Ensuring that sensitive patient information remains secure and confidential is critical when outsourcing bookkeeping tasks […]
Introduction The integration of Artificial Intelligence (AI) and Machine Learning (ML) into bookkeeping is revolutionizing the financial landscape for businesses of all sizes. These advanced technologies are enhancing accuracy, speeding up reconciliation processes, and providing predictive financial insights that help businesses make informed decisions. This article explores the transformative impact of AI and ML in […]
Managing finances can be a daunting task, especially when you’re juggling various properties, tenants, and transactions. I’ve found that having a reliable and efficient bookkeeping system is essential. That’s where Propertyware comes in. This comprehensive property management software has robust bookkeeping features that have made my life so much easier. In this blog, I’ll share […]
Managing finances can be a daunting task, especially when you’re juggling various properties, tenants, and transactions. I’ve found that having a reliable and efficient bookkeeping system is essential. That’s where Entrata comes in. This comprehensive property management software has robust bookkeeping features that have made my life so much easier. In this blog, I’ll share […]
If you’re in the business of exporting gems and jewelry, you’re likely familiar with the intricacies of customs duties and tariffs. These import/export taxes can have significant accounting implications for your business, affecting your bottom line and compliance with trade regulations. Today, we’re delving into the world of customs duties and tariffs, exploring the accounting […]
Today, we’re shining a light on an important aspect of age care businesses – elderly client trust accounting. As guardians of our elderly clients’ financial well-being, it’s crucial to have expertise in trust accounting, ensuring transparency, accountability, and peace of mind for all parties involved. Let’s dive into the world of managing funds and reporting requirements […]
Today, we’re putting on our hard hats and diving deep into the world of construction industry accounting. Whether you’re a contractor, developer, or subcontractor, understanding the ins and outs of project costing and revenue recognition is essential for managing financial performance and mitigating risks in construction projects. So, grab your toolkit, and let’s hammer out some […]