BudgetEase Blog - Making YOU Profitable™

    7 Things for Small Business to Include in Expense Reports

    To fully understand where your business stands financially, it's important to fill out expense reports. It will provide insight into your business' spending and cash flow, as well as can help you calculate profits, expenses and reimbursements. But to figure this out, what do you actually need in an expense report? To save you and your bookkeeper time, incorporate the following seven features into your expense report.

    When You Hire the First Employee at Your Small Business

    One of the most exciting things a small business owner will do is hire their first employee. Though it make take some time to find the right person, after you're through the interview and references check process, and you're ready to say, "You're hired!", there are a few things you need to plan for on your end. We have some tips to help you get started.

    CPAs and Bookkeepers: Why You Need Both

    Our clients often ask us to help prepare their taxes in addition to the small business bookkeeping assistance we provide. Instead, we refer our clients to a CPA firm to provide tax preparation assistance. Why? Let’s look at the primary purpose of a CPA and a bookkeeping firm.

    6 Bookkeeping Time Savers for Small Businesses

    When it comes to running a small business, there is so much involved. Marketing, production, staff, research, development... the list goes on and on. Finance is also a big and important part, and keeping accurate tabs on your company's financials is crucial. To help business owners along, here are some bookkeeping time savers to help make financial management a little more efficient.

    How to Organize Financial Information Without QuickBooks

    If you have a very small company with only a couple of checking or credit card accounts (designated solely for your business) and don’t want to pay for QuickBooks, how can you keep track of your financial records?

    Correct Accounting for Barter Transactions

    Are you a dentist who does work in exchange for IT services? Maybe you are a physical therapist who exchanges services with someone who does your social media. These are great examples of bartering.

    5 Questions to Ask Yourself When Reviewing Your Company Budget

    At the start of each year, you probably make goals and have dreams of where you would like your business to go and how to make it grow. You prepared what you thought to be a realistic budget. Preparing the budget is the first step; reviewing it at least monthly is as important to the success of your company. Don’t let your budget gather dust and never look at it again.

    When is it Time to Bid Farewell to a Customer?

    There will likely be a time when you are dealing with clients that may be negatively affecting your business. These are some of the red flags you should look out for:

    Procedure for Charities to Accept Stock Donations

    Even small and medium-sized organizations can accept donations of stock. Here’s how: 

    Year-End Checklist: Bookkeeping for Small Businesses

    When it comes to bookkeeping for small businesses it is important to have a year-end checklist to make sure everything is in order. Here is our year-end checklist:

    • Backup of data made before correcting transactions

    • Review Trail Balance

    • Balance changed? Review Audit Trail, Voided/Deleted and Retained Earnings QuickReport for prior year. 

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