Category Archives: Bookkeeping

Am I ready to hire a bookkeeper?

Steps Am I ready to hire a bookkeeper?

You want to run a successful business but doing your bookkeeping is using up a lot of your valuable time and energy. You have thought about hiring a bookkeeper in the past, but something holds you back. Are you ready to hire a bookkeeper? Is hiring a bookkeeper more effective than doing the books yourself? […]

How do I know if my bookkeeping is right?

You started a business. Things are going well and you are actually making some money. You have been doing all of the bookkeeping yourself but you really do not know if things have been done properly. How do you know if your bookkeeping is right? What can you look at to see if your books are done correctly? […]

Success with PPP: Setting up your PPP Loan

darts Setting up your PPP loan

Congratulations, you got a Paycheck Protection Program (PPP) loan!  As you have probably heard, 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 did receive funding. Now that you have received your funding, what is the […]

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 […]

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? Would you like to have more time? Would you like your records to always be current?  Would you like your records to be accurate? And is […]

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 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 […]

Which Reports Should I Look at?

Reviewing four reports on a regular basis

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 […]

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?  What is Accrual Basis? Reports in accrual basis are pulling information from your accounting system based on when income or […]

Meals, Travel and Entertainment Expenses, Oh My!

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, […]