Providing a retirement program for your employees is an important benefit to attract and retain employees. We have found that simple 401(k) plans initiated by small organizations are easily funded and compound annually to provide valued employees a nest egg at retirement. What feels like small contributions each year result in meaningful retirement benefits over time.
Most dentists use proprietary software to manage their practice. As you might imagine, there are countless dental-specific programs, the most popular being Dentrix, Ace, and Dovetail. The primary focus of these programs is to manage patient care and set appointments with very minimal, if any, focus on accounting. To keep track of transactions and provide financial information, dental practices really benefit from using an accounting program like QuickBooks.
Many small business owners start out doing their own bookkeeping. As business grows, there is often little time to manage the books and the search for an internal bookkeeper begins. While QuickBooks is user-friendly, it’s important to hire a candidate that knows their way around the software.
Have your clients asked for help finding a good bookkeeper recently? We offer the highest-quality bookkeeping services for small businesses in Cleveland. Here’s what some of our clients have to say about us!
While you don’t want to mismanage any of your accounting records, mismanaging a trust account (IOLTA – Interest on Lawyers Trust Account) can have terrible consequences. Keep in mind, trust funds are not your money, at least not yet.
If your business pays sales commissions, you probably use a time-consuming excel spreadsheet to track them as they are paid out. Commission rates often vary by item and your salespeople may only be paid when the customer has paid you, which complicates things even more!
Before the Conversion
Clean up Vendors: Take time to weed through your vendors for duplicates and update contact information. Merge like vendors and make vendors not used in several years inactive. This process is much simpler with QBD.