As the title suggests, we can help your small business tackle the tough stuff, and no we are not selling laundry detergent now. By the tough stuff, we mean all the transactions in your QuickBooks file that you haven’t cleaned up because you either don’t have time or don’t know how. Luckily for you, we do this every day (and actually like it).
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Imagine how nice it would be not to have to hire a bookkeeper ever again. In addition to saving you time, an outsourced bookkeeping team will also save you money. Below are a few of the benefits of having an expert perform your bookkeeping.
This has been a challenging year. The knee jerk reaction is to think about the difficulties (and there have been many) that this year has brought us. It is also time to consider the things we are thankful for.
Summer's over, the kids are settled back in school or in their virtual classes, and we have a little time before the hustle and bustle of holiday shopping hits. Spend the extra time you have now catching up on your bookkeeping (and dealing with matters related to operating in a global pandemic). Sounds exciting, right? Probably not, but it will pay off if you do it!
This has been an unusual year with COVID-19 and the financial burden many businesses are facing. What has not changed is the calendar. The year ends on December 31st, and accountants will want to start preparing taxes between now and then.
If you’re an e-commerce business, you know the pain and suffering involved in managing sales tax. Each state, and in some cases different counties within a state, have differing tax laws. Taxes can vary depending on the county in which you are selling!
If you reflect on your bookkeeping processes, you will likely arrive at a few areas that need improvement. There are things you can do now to make bookkeeping easier. Things to consider are:
As COVID-19 rages on, there are additional relief packages being considered in the Senate. Among them are The Health, Economic Assistance, Liability Protection and Schools (“HEALS”) Act and the “HEROES ACT,” short for the Health and Economic Recovery Omnibus Emergency Solutions Act.
We are approaching the time of the year when small businesses look at their books and realize they are behind, and in some cases, really behind. The knee-jerk reaction is to start adding and reconciling transactions all at once. Best practice indicates otherwise. We recommend you take a step back and do one month at a time.
There are many moving parts in an eCommerce business. As if monitoring sales on several different platforms isn’t confusing enough, add managing inventory, taxes, payroll, and marketing. All of this can be overwhelming if you don’t have processes in place to manage your eCommerce business.
