BudgetEase Blog - Making YOU Profitable™

    Hiring the Right Internal Bookkeeper

    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.

    Cash vs. Accrual Basis Accounting

    There are two ways of accounting – cash basis accounting and accrual basis. The main difference between them lies in the timing of when revenue and expenses are recognized.

    7 Things for Small Business to Include in Expense Reports

    What do you need in an Expense Report? To save you and your bookkeeper time, incorporate the following seven features into your Expense Report.

    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.

    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.

    Review Your General Ledger – And Skip the Year-End Headache

    It's all about the report! How often are you checking your books for accuracy? Reviewing a P&L (profit and loss statement) is a great practice to see how you’re netting out each month. But reviewing the GL (General Ledger) can quickly show you where something’s not adding up, or you've incorrectly entered data.

    Do I Need to Keep Every Receipt for My Bookkeeper?

    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?”

    Feeling the Tax Time Crunch?

    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.

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