Managing your business's bookkeeping on your own can be challenging. Learn about the pros and cons of the different levels QuickBooks Online has to offer and determine which version will help your business be more profitable.
When it comes to bookkeeping for small businesses, bank reconciliation is a very important aspect for any company. Reconciling your bank statement involves comparing your business transactions and balances with the bank’s transactions and balances.
Sometimes bookkeeping for small businesses can be frustrating, both for you as an entrepreneur and for your bookkeeper. They slow you down by asking questions about things that you would rather not deal with, like:
OOPS! 2016 is over and you forgot to do your bookkeeping. What should you do? You are not the only one. Every day we get a call from an optometrist or property manager who never kept any records last year. Here is what we do when faced with this dilemma.
5-Point Checklist: What to Send Your Accountant
Where does the time go? If you are already looking at the calendar and wondering how to accomplish a lot of reporting in a short time for tax season, we understand.
As an eCommerce business, you know how complex the back-end coordination can be: this effort is the root of all your operations. Trying to tie all of your ordering processes and connect them to an efficient inventory management system is a big enough task. Then having to connect all this to invoicing and bookkeeping in your accounting software is another challenge.
I’m often asked, “Do I need to keep my receipts for you, my bookkeeper, or are my bank and credit card statements saved through my financial institution enough? If I’m audited, the auditors can surely verify expenses by simply reviewing my QuickBooks or viewing bank records, right?”
A step-by-step video on how to reconcile your bank account using QuickBooks. I discuss two ways to use the reconciliation tool. You may also be interested in our blog post, "Why a Bank Reconciliation Makes YOU More Profitable."