Updated April 27, 2020 “I love deadlines. I like the whooshing sound they make as they fly by.” – Douglas Adams I have to agree with my good pal Doug here – keeping track of deadlines is hard! For some business owners, it’s a full-time job. You have project deadlines for customers, payroll deadlines for […]
Author Archives: Jessica Berkley
When small business owners are struggling with cash flow, often the first inclination is to bring outside services in-house, including their bookkeeping and accounting services. When cash is tight, this may seem like an effective strategy. But is it? Paying someone internally to manage your books can actually be more costly long term. For example, […]
It’s time to begin thinking about year-end! Can you believe it? What do you see as your greatest accomplishment this past year? With the year-end approaching, we often get asked several questions on how to get ready. We thought this year we would provide a short Q&A list to help prepare for Year-End. Why do […]
As a person who enjoys crafts, there is a particular pleasure in being able to make something yourself. If you are a small business owner, your business is like a craft project: an idea that was brought to life through hard work and creativity. So it’s common that when business owners contact us, they have […]
For the third part of our Challenge Accepted series, we are going to shift our focus to compliance. (If you haven’t read Part One and Part Two of this series, definitely check those out!) Exactly what do we mean by compliance when it comes to your small business? What is compliance? According to Merriam-Webster Dictionary, one definition of […]
In a survey of over 300 small business owners from Clutch, a leading BRB research company, nearly 95% of owners said they were confident in the accuracy of their financial records. While a business owner may think their records are fine, they usually are not aware of a problem until their accountant questions their records […]
Before becoming a virtual accountant, I worked in an accounting department for a development firm. One of the larger divisions of this firm was the custom construction of single-family homes. The craftsmanship of the final project was spectacular. Processing and filing the build paperwork? Not so much. One custom home could have several boxes of […]
Every skilled craftsman carries a toolbox. Big or small, a toolbox stores all the tools you need for the project at hand. It protects your tools from damage and keeps them organized, which can save you valuable time. Technology has brought many changes to trade businesses. As a result, the traditional toolbox for contractors has […]
One of the core features of Xero is the ability to upload bank feeds into your accounting system automatically. In recent years, Xero has been working to improve this aspect of their platform by providing direct feeds. Direct feeds are pretty self-explanatory: It is a direct connection between Xero and a financial institution for the […]
I stumbled upon a website called “Will Robots Take My Job?” The website sources its data from a 2013 report about the future of employment. Using the website is pretty simple; you enter your job or industry, and you receive an “automation risk level” for how likely your job could be replaced by a robot. […]