Category Archives: Bookkeeping

Success with PPP: Setting up the Loan

Congratulations, you got a Paycheck Protection Program (PPP) loan!  As you have probably heard from others, and may have even seen in our earlier blogs about PPP, not all small businesses have had success applying for or getting approval for this type of economic relief.  So take a moment to enjoy the fact that you […]

In-House Bookkeeper or Bookkeeping Service – Which Should I Hire?

Since we are in the business of providing bookkeeping services, a common question we receive is “Should I hire an in-house bookkeeper or outsource to a bookkeeping service?”  There is no one-size-fits-all answer to this question because there are many variables. We have put together some areas to consider when you need to make this […]

Tools of the Trade

Most professions have “tools of the trade” that they use, and bookkeeping is no exception.  I was recently reminded of how I love talking about and using such tools while attending the QuickBooks Connect accounting technology conference in San Jose in November.   One of my favorite things to do at such conferences is to find […]

What Can I Do to Prepare for Year End?

It’s time to begin thinking about year-end! Can you believe it? Looking back, the Beyond Team accomplished a lot this year. We attended several accounting training events, had a successful team retreat in the Spring, implemented several new apps within the firm, and even participated in a Jam Off! What do you see as your […]

Accounting DIY: Why Hire a Bookkeeper?

You have done it!  You started a business and now you are considering hiring a bookkeeper.   You might be asking:  What benefits are there if I hire a bookkeeper? There are many such as:  Would you like to have more time? Would you like your records to always be current?  Would you like your records […]

Accounting DIY: Can I Do My Books Myself?

As a person who enjoys crafts, there is a particular pleasure in being able to make something yourself. If you are a parent, you’ve likely received any number of handicrafts from your children. If you are a small business owner, your business is like a craft project: an idea that was brought to life through […]

Which Reports Should I Look at?

Without a doubt, knowing what is going on in your business is of utmost importance to you. 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 Accounts Receivable Aging, and the Accounts Payable Aging reports.  Let’s […]

What is the Difference Between Accrual and Cash Basis Reports?

What is the Difference Between Accrual and Cash Basis Reports? 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?  Accrual Basis  Reports in an accrual basis are pulling information […]

Meals, Travel and Entertainment Expenses, Oh My!

One of the most misunderstood business expenses are expenses related to travel, meals, and entertainment. It can be hard to know how to classify these types of expenses because often times the line can be a little blurry on what type of expense it actually is. Understanding these types of expenses is even more important [...]

Bookkeeping is like Storytelling

Imagine that the story of your life is being written right now. What you do every day and how it affects other aspects of your life is being chronicled at this very moment. Your history is being recorded for the benefit of future generations. The only problem is it’s being written in a language that […]