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    Video: Are Bookkeeping Services Costly?

    Are you considering outsourced bookkeeping for your small business? In our video below, learn how much you can expect to pay if you hire an outsourced bookkeeper. You can also access Intuit's Billing Rate Survey to see what bookkeepers are charging.

    Why Budget? Well, Why Plan if you Don't Set Goals?

    Budgets can feel like a chore or a forgotten item on the to-do list when you are caught in the throes of running your business. But, how often do your goals come alive if you don’t have a plan or if you don’t measure your results?

    The How and What of In-Kind Contributions

    In-kind contributions can be an important source of non-profit revenue, particularly if the item or service is central to the organization’s mission. Often, in-kind gifts can help your non-profit provide programs and activities at a reduced cost.

    Payroll Journal Entry & Payroll Clearing: A Bookkeeper’s Favorite Things

    Whether you operate a small business or large enterprise, you will have to account for payroll. Properly posting and reporting payroll will be a recurring task. If you follow best practices, you will journalize your payroll and use a payroll clearing account.

    How to Handle Deductions for Entertainment & Meal Expenses Under New Tax Law

    Client entertainment is a cornerstone of running a small business. The tax law known as the Tax Cuts and Jobs Act (TCJA) has given many small business owners anxiety regarding what is considered a deductible business expense beginning in 2018.

    Cybercrime: Examples and Ways to Protect Yourself

    Cybercrime does not discriminate between small business and large corporations. All businesses need to be on alert. Hackers have created elaborate phishing tactics and are able to impersonate communications from executive management often seamlessly. We’ve come across to savvy business people who have fallen victim to attempts to gain access to money in the past month. Below are two stories and what could be done to avert a loss:

    Bookkeeping Tips for the New Year

    Before you know it, the holidays will be here, filling up the calendar with more to-dos and festivities. Don’t put off the year-end planning details of bank reconciliations and estimated tax payments until the last minute. We advise all business owners to provide a clean version of your financial records to your accountant on or before November 15. Save yourself the stress and start the cleanup now!

    Will Hiring More Employees Increase Bookkeeping Service Costs?

    When hiring new employees, it is important to consider all the steps and pieces of your business that will be impacted by the human resource investment. Not only are you paying the hourly wage or salary, but also potentially:

    The 4th Quarter Stretch: How to Finish the Year Strong

    It’s that time of year, rounding out the fall season and sliding into the last few months of the year. We get lost in the day to day work and those unexpected events. Take a moment to take stock in what you and your business have right now and see where you are compared to where you started the year.

    Do You Really Have to Reconcile Your Bank Accounts?

    In short, yes. It is recommended that small businesses reconcile their accounts at least monthly, although some small businesses reconcile daily for cash flow reasons. This step-by-step video shows how to reconcile your bank account using QuickBooks.

    The process of comparing your balance (known as the book balance) to the bank’s records (bank balance) is important for the following reasons: 

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