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, […]
Category Archives: General Business
15
Oct
Oct
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 […]
17
Sep
Sep
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 […]
Bookkeeping, Cloud Accounting, General Business
What is the Difference Between Accrual and Cash Basis Reports?
03
Sep
Sep
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 […]
08
Aug
Aug
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 […]
13
Jun
Jun
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, […]
05
Jun
Jun
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 […]
23
May
May
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 […]
Challenge Accepted, General Business, Help
Challenge Accepted: Where to Find Good Advice For Your Business [Part Six]
08
May
May
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 […]
02
May
May
Winter is officially over and spring has arrived with sunshine, flowers, and longer days. Throwing open the windows and letting in the fresh blossom-filled air, reminds all of us of renewal and new beginnings. You may be thinking of giving our living spaces a deep cleaning. But could you spring-clean your business? Here at Beyond, […]