A great accounting system should help you streamline your accounting processes, speed receivables, and help you identify opportunities to increase your profits. In order to maximize these benefits, you’ll want to make sure you take advantage of the system’s features that enable these benefits. There are many features to benefit from, and here are just […]
Category Archives: Bookkeeping
Watching the cash balance is one of the most frequent activities of a small business owner. Besides making sure you have enough cash for payroll and bills, there is another huge opportunity you can benefit from: lowering the cost of processing your bills. It can be expensive and time-consuming to process bills and handle the […]
If you are wanting more information than you normally get when it comes to your monthly financial reporting, Xero delivers some quite unique numbers that you will love to look forward to. There is “life” beyond the boring balance sheet and sometimes incomprehensible income statement, and here’s how Xero delivers. Executive Summary The Executive Summary […]
Technology has allowed businesses to make substantial improvements in their customer invoicing processes. The good news is that when you implement these technologies, you will almost always get paid much faster. If it’s been a few years since the last time you’ve changed your accounts receivable processes, it’s time for a new look. Here are […]
When you think of an accountant’s duties, you might think about traditional tasks, such as tax preparation, bookkeeping, and financial statement preparation. Here are five additional tasks that accountants can help with that you might not think of. 1. Evaluating Current Accounting Employees How can you know if your accounting employee is a star that […]
In a small business, the owner ends up wearing many hats to get the product or service delivered, the customers served, and the accounts settled. Within each functional area of a small business, there are even more hats. Although the accounting function might be considered one big hat, there are actually a number of skills […]
If your business runs on a calendar year, your fiscal year ended this week. Here are some common year-end adjustments that may need to be made to your books. Retirement Plan Contributions If cash is available at year-end, it’s a great idea to maximize the allowable deductions for the retirement plan you qualify for. One […]