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 […]
Category Archives: General Business
When small business owners are struggling with cash flow, often the first inclination is to bring outside services in-house, including their bookkeeping and accounting services. When cash is tight, this may seem like an effective strategy. But is it? Paying someone internally to manage your books can actually be more costly long term. For example, […]
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 […]
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 […]
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 […]
One of the most enjoyable aspects of my job is meeting with our clients. Even though we might be reviewing our clients’ data on a weekly, monthly, or even quarterly basis, we often discover new things when speaking with them. It really makes my day when I can share with a client something that is […]
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, […]
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 […]
This is the sixth part of our Challenge Accepted series. Today we are talking about how to find good advice for your business. It can seem simple these days to get a plethora of advice. All you have to do is type your question into Google and it pulls up tons of advice! Challenge There […]