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Expenses Definition: Understanding Expense
There are several types of expense accounts used by small businesses just to get a transaction out of the bank feed. Miscellaneous Expenses, Other Business Expenses, and Ask My Accountant are some of these catch-all accounts. Some of them might have been built right into your Chart of Accounts when you signed up for Quickbooks…
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Boost Your Small Business with Budget-Friendly Bookkeeping Services
Finding the right tools to help you run your small business is an essential and often frustrating task. There are so many resources available, from paid services to free online software, and it can be difficult to wade through them all and judge their pros and cons. It’s helpful to start by narrowing down the…
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How to Select a Virtual Bookkeeper for Your Small Business
The most valuable step is to decide what’s important to you and your small business, when searching for a Bookkeeper. Do you want someone you get along well with? Do you want their website to have witty repartee, or focus more on the bookkeeping? Do you want them to specialize in your industry? Are there…
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What Happens When You Don’t Know Where Your Company Money Is Going?
o If you ever need a loan, any financial statements you give to the bank or lender will likely be inaccurate. This means they may give you a loan you can’t really afford to pay back, or they may deny you when you should have been eligible. o Lots of businesses are required to have…
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Is This A Business Or Personal Expense?
When it comes to charges that were put onto a company card, whether it was a personal purchase or not, it should be added to the books. I always try to talk my clients out of using their business cards for personal expenses, but some of them are very serious when it comes to those…
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Your Bookkeeper Isn’t Judging You For Your Purchases
As a bookkeeper, one of the most important aspects of my work is to make sure that the books are accurate. A rather large part of this is making sure all of the transactions from all business accounts are entered and categorized properly, then reconciling each account every month. The only way this is possible…
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What Is Reconciliation And Why Is It Important?
Reconciling bank and other account types is an important step in the checks and balances that make up bookkeeping. This crucial step allows you to see if there have been any transactions that were missed or may have accidentally been duplicated, and can help you catch some common bookkeeping mistakes. While having accounting software is…
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How Do You Know If Your Construction Jobs Are Profitable?
You got into business for one reason or another. Maybe it was for financial freedom, to avoid punching a clock and answering to someone else, to be able to spend more time with your family, or to help people by providing a service they need. But if you aren’t making a profit, there’s no way…
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7 Tips for Managing Your Company’s Cash Flow
What even is cash flow management? It’s knowing and controlling (as much as you can) the money coming in and going out of your business. You started a business for a reason, and I’m sure that having money struggles, barely making it from customer payment to customer payment isn’t one of them. The goal of…
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Top 4 Reasons to Hire a Bookkeeper
1. Employee vs. Business Owner – I’ve been a bookkeeper employee and now own my business and I can tell you there’s a big difference in the mindset. As an employee, you’re there to punch the clock and just do what you have to do to pay your bills. This isn’t to say that there…
