Every online business owner needs to keep tabs on how the business is performing financially. This is possible through efficient bookkeeping services. Keeping accounting records will allow you to easily pull up data to know about the financial position of your company. In this blog guest, you will know accounting best practices for online businesses. […]
What is Owner’s Equity in Balance Sheet?
An important yet often misunderstood section of a balance sheet is the owner’s equity. It refers to the amount invested by the owners in the company. The term is mostly used for sole ownership and partnership business. For registered companies that are structured as a corporation or LLC, the appropriate term is shareholder’s equity. In […]
Why Your Small Business Needs QuickBooks
Do you or your staff struggle with bookkeeping issues each month? It’s not easy keeping up with all those expenses and meeting all your tax obligations every quarter. That’s why the best bookkeepers have college educations and years of on the job experience. However, you can make it easier on yourself if you use bookkeeping […]
4 Ways a Bookkeeping Company Helps Your Business Grow
If your small or medium size company is trying to expand into new markets or increase production, it can place a greater demand on your accounting staff. In fact, at some point, you may need more help, but there’s no need to hire additional staff. Instead, you can hire a trusted and dependable bookkeeping company […]
What to look for in a bookkeeper?
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 […]
Security aspects of outsourced bookkeeping
How can you trust a remote bookkeeper? You know outsourced bookkeeping saves you money. However, what about security and privacy? There are many risks associated with online bookkeeping. How can you mitigate these risks? How can you trust someone who is remote, whom you have not seen and barely know? Of course, it’s a valid […]
Bookkeeping services for businesses – a super computer?
It wasn’t long ago that people were afraid of computers. They were scared that computers were going to take away jobs. They were scared they had to learn new skills. Fast forward to today and computers are everywhere. Can you imagine how unproductive the world would be without computers? How did we even live without […]
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 […]