How to Outsource Your Bookkeeping

What is Bookkeeping? Bookkeeping is the practice of recording a company's financial transactions regularly. When done correctly, bookkeeping can provide important information that business managers need to make strategic decisions. Why Outsource Bookkeeping? Bookkeeping is very complex. It requires specialized skills. If you try to keep your books, your employees may have to manage an extensive to-do list. As a result, they may feel overwhelmed by their responsibilities and need help to make time for their most important tasks. Also, your employees can make costly bookkeeping mistakes that can land you in a soup. It is an excellent idea to [...]

Smart Monkey2023-04-03T03:22:15-07:00March 22nd, 2023|bookkeeping services|0 Comments

Benefits of Not Doing Your Own Payroll

Hate doing your payroll yourself? You are not alone! Payroll processing is complex and time-consuming, but also one of the most crucial business functions. Instead of trying to run payroll by yourself, outsource it to a payroll processing company near you. Your payroll outsourcing partner will manage all payroll processing tasks, so your employees can focus on the things that matter most. Here are some benefits of outsourcing payroll. Outsourcing Saves You Time Payroll processing involves calculating overtime, 401 (k) contributions and total wage earnings, withholding deductions, filing payroll taxes, and printing checks. Many wage garnishments are court-mandated. You [...]

Smart Monkey2023-04-03T03:16:51-07:00March 8th, 2023|bookkeeping services, Payroll Services|0 Comments

Common Bookkeeping Mistakes That Can Be the Downfall of Your Business

Bookkeeping is complex, tedious, and time-consuming, but an important activity. Every business owner should make bookkeeping a priority. When done correctly, bookkeeping can provide vital business information that business owners can use to make essential business decisions. Bad or sloppy bookkeeping, however, can do more harm than good. It can lead you down the wrong path, and you may make decisions that adversely impact your business. Here are some bookkeeping mistakes every business owner should watch out for. Categorizing Income and Expenses Inaccurately If you delegate bookkeeping tasks to an employee who has no prior experience keeping books and has [...]

Smart Monkey2023-02-28T21:30:30-08:00February 21st, 2023|Small Business Bookkeeping|0 Comments

How Can You Maximize Profitability by Outsourcing Your Books

There are several compelling reasons to outsource bookkeeping. An expert bookkeeper near you can carry out all bookkeeping activities, keeping you focused on your most important tasks. A bookkeeping expert has spent years studying bookkeeping principles. Their expertise enables them to avoid bookkeeping mistakes. Here is how you can maximize profit by outsourcing your books. Reduced Opportunity Cost The opportunity cost of doing your books or having an employee keep your books can be too high. For every hour you or an employee spends doing books, there is an hourly wage plus the opportunity cost of revenue-generating work that the [...]

Smart Monkey2023-02-28T21:19:12-08:00February 13th, 2023|bookkeeping services|0 Comments

3 Tips to Choose the Right Payroll Service for Your Business

Managing employee payroll is complex, and staying current with constantly changing laws can make it even more challenging and complicated. This is particularly true for smaller businesses, where the owner must handle multiple responsibilities to keep the business running. Instead of trying to manage your payroll yourself, why not outsource it? A Santa Rosa payroll service like Virtual Jeannie Bookkeeping can handle all essential payroll tasks, so your employees can stay focused on their KRAs. Your payroll partner can help you overcome payroll challenges and build an effective payroll system. Here are some ways to choose the right payroll system for your [...]

Smart Monkey2023-02-02T06:19:31-08:00January 10th, 2023|Payroll Services|0 Comments

Advantages of Virtual Bookkeeping and Accounting service

Small and medium-sized business owners usually prefer to manage multiple aspects of their business, but finance typically requires professionals. If you run a successful business but are too busy to handle all the details of bookkeeping and accounting, you should look into virtual bookkeeping companies in Santa Rosa. Virtual bookkeeping and accounting services offer a variety of advantages, which we will discuss in this article. Get rid of time-taking recruitment. Even if you think of hiring an accountant to reduce your workload, you cannot be sure when you will be able to find the best one. Yes, recruitment takes time, [...]

Smart Monkey2022-12-30T22:53:31-08:00December 23rd, 2022|bookkeeping services, Bookkeeping|0 Comments

Four Benefits of Using QuickBooks as Your Accounting Software

Finances are the backbone of your company as you use them to keep your business running, and it is essential to consider what you use to manage them. Finance management isn’t easy, even for a bookkeeper or an accountant. However, accounting software like QuickBooks can make your life a lot easier whether you are a business owner or CFO. What is QuickBooks? QuickBooks is one of the most popular and widely used bookkeeping and accounting software developed by Intuit – best for small and medium-sized companies. Spanning its existence in the market over two decades, QuickBooks has also been used [...]

Smart Monkey2022-12-30T22:45:29-08:00December 15th, 2022|bookkeeping services|0 Comments

Is QuickBooks the right accounting software for your business?

Most businesses need more bookkeeping and accounting knowledge. As a result, their account books become a big mess and fail to provide an accurate record of their business profits, losses, and financial expenses. QuickBooks comes to the rescue in this situation, helping the owner to track all the transactions, financial statements, and other relevant information related to their business. What is QuickBooks? QuickBooks is one of the world's best-selling accounting software developed by Intuit. It has become an industry standard for small to medium size businesses because it books and manages your finances down to the penny. The program can [...]

Smart Monkey2022-12-01T21:09:16-08:00November 21st, 2022|QuickBooks, Accounting Services|0 Comments

Payroll Processing Tips for Your Remote Workforce

Payroll processing can be challenging for any company, but it's incredibly complicated when your workers are scattered across the globe. You can use an existing system in-house or hire a payroll processing company to handle the work. But no matter which route you choose, there are some basic steps every business should follow regarding payroll processing. Below are five tips to help you manage a distributed team and improve your payroll processing accuracy. Use the Right Payroll System A sound payroll system is essential for remote workers because it lets them enter their hours online and submit them directly into [...]

Smart Monkey2022-12-01T21:06:01-08:00November 10th, 2022|Payroll Services, Payroll, Payroll Services Company|0 Comments

5 Key Differences Between Bookkeeping and Accounting

Many people struggle to differentiate between bookkeeping and accounting. They use the job titles bookkeeper and accountant interchangeably. It's not hard to see why this confusion occurs. Both bookkeepers and accountants manage financial data, have insight into their companies’ cash flow, and are tasked with the responsibility of maintaining accurate financial records. Though your bookkeeper and accountant may have shared goals and overlapping responsibilities, they support your business in different ways. What is Bookkeeping? Bookkeeping is the process of recording and maintaining a business’s financial transactions in its original book of entries on a regular basis. The bookkeeping function involves [...]

Smart Monkey2022-11-02T23:47:15-07:00October 22nd, 2022|bookkeeping services, Accounting Services|0 Comments

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