Outsourced Accounting makes it possible for small businesses to have access to bookkeeping, financial reporting, and long-term financial planning assistance that they need. There are many benefits of hiring an outsourced accountant. In this article, we will discuss the most important things for you to know about outsourced accounting and how this unique process can have a positive impact on your business. While almost any component of running a business could potentially be outsourced, … [Read more...]
4 Ways Freelancers Should Act Like Regular Businesses
Freelancers are often portrayed as wanting to escape employment in a traditional business setting. And that’s certainly true in some ways (for example, most bosses won’t appreciate you coming to work in your pajamas). However, there are other ways in which freelancers still have to abide by the same rules as any conventional business. Here are four of them. Freelancers Need to Focus on Accounting In the early stages of your freelancing career, you might find that you can get away with … [Read more...]
BOOKKEEPING… SMOOKKEEPING: What’s the point of worrying about it?
Whether we like it or not, quality bookkeeping is a key ingredient for a successful business. If a business does not put proper bookkeeping practices into place, they could have business on a downward spiral and not even know it. It is truly scary the number of businesses that do not have any bookkeeping methods or have nominal bookkeeping practices. What’s even scarier is that these are the same businesses that can’t, don’t or won’t file taxes because they have no clue what their … [Read more...]
Quickbooks vs. Freshbooks: Which is Right for Your Small Business
As a small business owner or entrepreneur, you probably find that keeping the books is one of your least enjoyable tasks. However, there is no getting around it: accurate recordkeeping is essential to maintaining your company's bottom line. Fortunately, there are a number of software programs that remove much of the tedium from performing accounting and bookkeeping functions. Two of the most popular programs are QuickBooks and Freshbooks. While the names may seem somewhat similar on the … [Read more...]
Upgrading Your Accounting System? 5 Things You Need to Do First
Many businesses who use accounting software believe they are reaping benefits, but what they don't see is the abundance of issues that are growing larger every day. Generally, it is outdated software programs that cause such issues, meaning an update to a software program needs to take place on a regular basis. Four of the more common problems endured by businesses using accounting software include: … [Read more...]
