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What are journal entries

What are journal entries?

Understanding journal entries can be confusing. Your accountant or bookkeeper has probably let you know that these are essential for your accounting. Why do you need journal entries? What are the components of a journal entry? When would you use a journal entry? We will discuss these questions and provide examples of when journal entries […]

communicating bookkeeper telephone can

How can I communicate better with my bookkeeper?

Do you ever feel like your bookkeeper is speaking another language? Or maybe it feels like they have an endless amount of questions. What do they even do while working on your books? If this situation sounds familiar, this article will assist you to find better ways to communicate with your bookkeeper and understand just […]

How Can I Save for Taxes?

You had your business taxes prepared and you learned that you owe business taxes. You feel stressed about paying your taxes on time but know that you will find a way to pay them one way or another. One thing you know for sure is that you do not want to feel this way next […]

accounting terms

Which accounting terms do I need to know?

If you own a business, understanding accounting terms is not likely at the top of your list. It’s understandable; you may be juggling several responsibilities at once or simply do not have the time. Besides, if you pay an accountant or bookkeeper to manage your books, why do you need to know this stuff? A […]

What are the challenges when you outsource your accounting?

What are the challenges when you outsource your accounting?

It’s not possible to give every element of your construction business the time and attention it deserves. You’ve been trying to handle your finances on your own but it’s become overwhelming and you’re not even sure you’re doing everything right. Wouldn’t you rather devote all your energy to things you excel at and actually enjoy? […]

what is the general ledger

What is the general ledger and why should I care?

The general ledger tells the story of your business. It’s a collection of all your accounting transactions that can then be used to create reports, answer questions, and make key decisions. And it’s one of our favorite things here at Beyond. But it’s possible you’re thinking, “what is the general ledger and why should I […]

what are adjusting entries

What are adjusting entries and why do they matter?

Adjusting journal entries, or AJEs, is an accounting term you might have heard thrown around before and never quite understood. You may have even received AJEs from your tax accountant in the past, had no idea what to do with them, and ended up shoving them in a desk drawer or filing them away somewhere. […]

bank feeds in quickbooks online

Do I really need bank feeds in QuickBooks Online?

We’ve talked before about the differences between QuickBooks Desktop and QuickBooks Online (QBO). One of the biggest differences between the two systems is related to bank feeds in Quickbooks Online. Bank feeds automatically download activity in QBO and they can even categorize transactions from connected accounts. This means you no longer have to manually enter […]

ongoing bookkeeping

Ongoing bookkeeping vs clean-up/catch-up once per year

You had a nagging suspicion for a while that something was wrong with your books. You were losing sleep and wasting hours trying to fix a problem that you didn’t even understand. Finally, you turned to a bookkeeper for help. They identified where you had gone wrong, cleaned up the mess, and presented you with […]

Should I switch to a new accounting platform?

Should I switch to a new accounting platform?

Online accounting platforms are meant to relieve some of the anxiety of running a business. But often using the wrong platform means you’re left pulling your hair out in frustration or plagued with uncertainty about the future. At Beyond, we want all our clients to feel the ease and assurance that good accounting provides. That’s […]

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