Category Archives: Cloud Accounting

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 from your accounting system based on when income or expenses […]

Three Benefits of Moving Your Bookkeeping to the Cloud

I know you probably think Beyond Balanced Books invented the cloud for all we talk about it. But we just can’t help ourselves! We just love the cloud and love how it makes both our and our clients lives so much easier. We would like to share with you three reasons why you should consider […]

Prepare For Year End – Talk to Your CPA or Tax Professional

We are reaching the home stretch – only a few more weeks left in the year! Even though the end of the year is close, it’s not too late to schedule a meeting with your CPA or tax professional about taxes. “But taxes don’t have to be paid until the Spring.”, you might protest. Even […]

1099-MISC: Frequently Asked Questions

It’s that time of year again! We’re watching 2018 come to a close and at BBB 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 questions that we’ve been asked in the past and […]

Four Signs That You Need to Hire a Bookkeeper

In a survey of over 300 small business owners from Clutch, a leading BRB research, ratings and reviews 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 […]

Eliminate Paper with Google Drive

Before becoming a virtual accountant, I worked in an accounting department for a development firm. One of the larger divisions of this firm was custom construction of single-family homes. The craftsmanship of the final project was spectacular; it was always amazing to see so many skilled hands came together to build these elegant houses. Processing […]

Xero in on Xero Series – Featured Article on Bank Rules Tips & Tricks

We love using bank rules in Xero and we hope that you do too. Our founder, Cindy Hovig, has been featured in Insightful Accountant’s latest series about Xero:  Xero in on Xero Series. This is a great article to learn more tips on using Xero’s bank rules.  The latest article  written by Cindy can be […]

Construction Payroll- Gusto to the Rescue!

We are continuing our series on those in the trades – specifically construction – and one area that those in the trades have special consideration is payroll. Payroll can feel hard. We get it. In the construction field, there are other factors to consider such as where your employees are, what jobs they are working […]

The Modern Contractor’s Toolbox

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 […]