BudgetEase Blog - Making YOU Profitable™

    Ben Szweda

    I am a QuickBooks Online certified accounting professional, with bachelor's degrees in psychology and accounting, and am currently working on earning a CPA. I have experience working with both the not-for-profit and service business sectors. My services include account reconciliations as well as payroll and accounts receivable management. I take a results-oriented approach with my clients by leveraging accounting data to enhance business efficiency and profitability. My goals are to streamline accounting procedures, develop internal controls and make financial reporting meaningful to management.

    Recent Posts

    How to Catch Up On Your Bookkeeping

    A common first task for many of the new clients that engage BudgetEase is catching up their QuickBooks file to date. Often times it has been years since a reconciliation has been done, principle and interest have been lumped together for just as long or the bank feeds have not been cleared of transactions. When tackling such a project, organization and the setting of expectations is important. Whether you are an accountant beginning to catch up a file or a business owner that has an outdated QuickBooks file, it pays to have an understanding of what the catch-up journey might look like.

    Things to Consider When Evaluating Virtual Bookkeeping Services

    There are several ways to ensure your business’s financial data is recorded accurately and available for reporting when you need it. You can hire a full- or part-time employee to be located in your office, you can contract a bookkeeping firm to send a staff person to your office once a week, or you can hire a virtual bookkeeper.

    Benefits of Budgeting for Your Business

    Just as a personal budget can help ensure enough money is saved for retirement, a business budget can help ensure the company can succeed long into the future. Budgets also help start-ups step off on the right foot. Even without historical expenses data, taking the time to forecast income and expenses for the month, quarter and year(s) ahead will help keep your business lean, efficient and open for business.

    4 Advantages of Outsourced Bookkeeping Services for Small Businesses

    Your business has a focus and chances are it is not bookkeeping. You can try to manage your accounting needs in-house, assign some tasks to an office manager and take others on yourself, but think about a day where you didn’t have to do any accounting work. Your office manager could focus on customer service and you could focus on running and growing your business. In addition to making better use of your time, scalability, cost and expertise are other reasons why outsourcing your accounting operations makes good business sense.

    What to Cover in a Monthly Financial Review Meeting

    One of the benefits of hiring an accounting/bookkeeping expert is the ability to meet with them after month-end close, to have them explain your financial statements to you and to help draw your attention to important aspects of the financial data. A monthly financial review meeting is a good starting point to ensuring your business is staying on track. Here is what we recommend you review:

    How to Match Biweekly Payroll to Monthly Income

    If you pay your employees every other week but your income is recognized monthly, your revenue will not be matched to the expenses that helped earn it. On your income statement (P&L), expenses would be understated some months and overstated others.

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    Small Business Bookkeeping