Without a doubt, knowing what is going on in your business is of utmost importance to you. Which reports should you look at to find this information? To get a comprehensive idea of how your business is performing, we recommend reviewing four reports on a regular basis – the Balance Sheet, the Income Statement, the […]
Author Archives: Cindy Hovig
Bookkeeping, Cloud Accounting, General Business
What is the Difference Between Accrual and Cash Basis Reports?
03
Sep
Sep
When you receive reports from your bookkeeper, you may have noticed that they usually include the words “Accrual Basis” or “Cash Basis” somewhere below the title of the report. What do these mysterious words mean? What is Accrual Basis? Reports in accrual basis are pulling information from your accounting system based on when income or […]
22
Aug
Aug
Have you ever wondered if your accounting data is correct? Do you sense something is wrong with your books but you are not sure what? Are there areas in your books that you absolutely know are wrong? If you answered yes to any of these questions, you may need to have a check-up of your […]
08
Aug
Aug
One of the most enjoyable aspects of my job is meeting with our clients. Even though we might be reviewing our clients’ data on a weekly, monthly, or even quarterly basis, we often discover new things when speaking with them. It really makes my day when I can share with a client something that is […]
01
Jul
Jul
Anyone that knows me professionally, knows that I love accounting and that I love working in the bookkeeping industry. But what they may not know is that recently I took up the art of making homemade jam. For a long time, I wanted to learn how to preserve foods with canning and the like. A […]
13
Jun
Jun
One of the most misunderstood business expenses are those related to travel, meals, and entertainment. It can be hard to know how to classify these types of expenses because often the line can be a little blurry on what type of expense it actually is. Understanding these types of expenses is even more important now, […]
23
May
May
In early May the Beyond Team had our second annual team retreat! Since we all work remotely, it is nice to be able to get together. For the retreat, everyone had a topic assigned to present to the rest of the team. Our topics ranged from marketing, workflow, working with apps and even a team […]
Challenge Accepted, General Business, Help
Challenge Accepted: Where to Find Good Advice For Your Business [Part Six]
08
May
May
This is the sixth part of our Challenge Accepted series. Today we are talking about how to find good advice for your business. It can seem simple these days to get a plethora of advice. All you have to do is type your question into Google and it pulls up tons of advice! Challenge There […]
25
Apr
Apr
For the fifth part of our Challenge Accepted series, we will be talking about how to know if your business is profitable and how to determine how much to pay yourself as the business owner. Challenge A business needs to be profitable in order to be sustainable. In addition, business owners need to pay themselves […]
28
Mar
Mar
This is the fourth part of our Challenge Accepted series (be sure to read the earlier blogs of the series Bring Order to My Messy Books, How to Set Up Your Business Properly, and Compliance Issues – What Are They and How Can I Avoid Them). Successful business owners need to be good at setting priorities. According to […]