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, […]
Category Archives: Bookkeeping
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 […]
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 […]
Most people are aware of Marie Kondo, the Japanese organizing consultant who has set off a decluttering craze across the globe. Marie Kondo is all about cleaning up your life and having less clutter. Described as a state of mind and a way of life, the KonMari Method™ emphasizes you to treasure items that “spark […]
We enjoy talking about the add-ons that we love and that we use regularly. Today we are featuring the payment app Bill.com. Read along and find out why we love Bill.com and why we recommend it to our clients. The challenge that many business owners face is that bill paying can be painful! Writing checks or […]
It’s that time of year again! We’re watching 2018 come to a close and at Beyond we are reminded of the many necessary tasks that accompany the end of the year. One of these is the filing of 1099-MISC and other information returns. Below are some frequently asked questions that we’ve received in the past […]
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 […]
An Income Statement is one of the most common reports in accounting. As a business owner, you have no doubt looked at your income statement. But we like to get back to basics here at Beyond, so we are discussing: What is an income statement? What should you look at when reviewing your income statement? And how can you […]
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 […]