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5 Top Benefits of QuickBooks for Your Small Business

Maintaining books of accounts manually involves a lot of effort. Manual accounting is inefficient and prone to human errors. If you are still relying on a manual accounting system, now is the right time to automate your accounting process with QuickBooks Online. QuickBooks Online is one of the most popular accounting software for small and medium businesses. It allows businesses to keep track of their incomes and expenses and inventory in real-time. It has electronic payment functions and mapping features. Users can access QuickBooks anywhere, anytime. The accounting software offers remote payroll assistance and can also help accounting teams with [...]

2022-11-02T23:16:16-07:00October 12th, 2022|Bookkeeping, QuickBooks|0 Comments

Things to Check When Choosing the Right QuickBooks Bookkeeping Service

Maintaining books of accounts is a time-consuming and tedious but necessary exercise. Bookkeeping can be complicated, especially if several complex transactions occur in your business every day. An amateur bookkeeper is highly likely to make costly bookkeeping mistakes. Maintaining a business’s books involves keeping track of payments, receipts, sales, and purchases. If you insist on managing your books yourself, your employees may find themselves bombarded with tons of tasks. One way to lessen the burden on your employees is to outsource your bookkeeping to a QuickBooks bookkeeping service near you in Santa Rosa. QuickBooks is popular accounting software. Businesses of [...]

2022-10-03T11:45:59-07:00September 21st, 2022|Bookkeeping, QuickBooks|0 Comments

5 Tricks to Offload the Tax Season Burden of Your Accounting Team

It's the most wonderful time of the year… tax season. If your business is not already prepping for your next year’s taxes, you could be setting yourself up for failure. On top of the busy time of the year, your employees may find themselves bombarded with tasks, which can make them feel enervated. They can make costly errors that can have a huge domino effect. Virtual Jeannie Bookkeeping is the leading accounting firm in Santa Rosa. Our team of professional bookkeepers is here to ensure your next tax season is merry and bright. To best prepare your business for the [...]

2022-10-02T23:17:30-07:00September 13th, 2022|Accounting Firm, Accounting Services|0 Comments

4 Reasons Why Law Firms Need Accounting Services

Lawyers are some of the busiest professionals. Many lawyers find it difficult to find the time in their day to both practice law fulltime and be manage and maintain their bookkeeping. It is no wonder so many law firms outsource their accounting to accounting firms in Santa Rosa. Outsourcing your book-keeping is a great way to save time and headache for your firm. An accounting firm can ensure your financial reporting is accurate and in line with the current laws and regulations. When you outsource your accounting to an expert, you have peace of mind that comes with knowing that [...]

2022-09-01T22:05:47-07:00August 22nd, 2022|Accounting Services, Accounting Firm|0 Comments

What is a Contra Revenue Account and Why is it Important to Your Small Business?

Small businesses record refunds, returns, discounts offered against defective goods, and products or service discounts in a contra revenue account. Contra means opposite or against. A contra revenue account is used to reduce the value of a related account. Your contra revenue account tells you the difference between your gross revenue and net revenue and the reason for the difference. Some Examples of Contra Revenue Accounts Contra accounts always appear linked to other accounts. For example, your Accounts Receivable may have a contra account titled Allowance for Doubtful Accounts. The natural balance of a contra account is the opposite of [...]

2022-09-01T21:56:01-07:00August 11th, 2022|Accounting Services, Financial Analyst|0 Comments

Tips For Recording Daily Income And Expenses For Your Business

Running a business is already challenging on its own, adding to that are bookkeeping responsibilities which many business owners usually avoid taking on. If you are also one who generally stays reluctant to manage your financial books, this article is for you. At Virtual Jeannie Bookkeeping, our team of experts knows that sometimes the last thing on a business owner's mind is recording the daily finances. That is why in this article, we will help you explore multiple options you can choose to record your daily financial activities easily. Best Ways to Record Your Business’s Daily Income & Expenses Expand [...]

How to Save Money Using a Payroll Software?

Payroll is a part of your business that involves managing taxes and making payments to your employees. Although it is typically an ancillary part of your operation, payroll can be time-consuming, challenging, and incredibly complicated. Some small businesses choose to do it manually, while others may outsource it to a bookkeeper or an accountant. These options are generally valid, but there's another option. In-house payroll software is the option if you want to reduce your expenses and improve the efficiency of your business. An efficient payroll company like Virtual Jeannie Bookkeeping Services can be vital for your operations. Our team [...]

2022-07-29T23:15:06-07:00July 13th, 2022|Payroll, Software|0 Comments

How Long Should I Keep Records For?

Business owners should keep financial records for future reference and to prove their claims if the IRS comes knocking at their door. How long a financial document should be kept depends on what information it records – can be an expense or details related to an action or event. Many accountants, lawyers, and professional bookkeepers recommend keeping records for at least seven years so businesses can substantiate their claim, argument, or opinion in case an individual or organization brings a financial fraud lawsuit against them or can create a tax audit defense in case the IRS launches a financial investigation. [...]

2022-07-26T00:45:12-07:00June 23rd, 2022|Bookkeeping, bookkeeping services|0 Comments

5 Ways Virtual Bookkeeping Can Save You Money And Improve Operational Efficiency

Virtual bookkeeping involves keeping books remotely. Just like traditional bookkeepers, virtual bookkeepers assist their clients with day-to-day financial tasks such as reconciling bank statements, recording transactions, and processing payroll. Here are some compelling reasons to consider virtual bookkeeping services. Virtual Bookkeeping Can Help You Save Money A virtual bookkeeping service can save you money and headaches down the road. The cost of hiring a full-time bookkeeper can be a few thousand dollars. Plus, you must offer benefits to a full-time bookkeeper. When you hire a virtual bookkeeper, you do not need to pay them benefits. Also, a virtual bookkeeper uses [...]

2022-07-26T03:17:39-07:00June 14th, 2022|Financial Analyst, Bookkeeping|0 Comments

The Difference Between Internal And External Use Of Accounting Information

A Stakeholder in a business is any individual or entity that holds an interest in it. These stakeholders may have financial or personal investments in the livelihood of the business. There are two types of stakeholders- internal and external stakeholders. Internal stakeholders have a direct relationship with the business and actively participate in its management whereas, external stakeholders are not directly involved in the operations of the business. Both internal and external stakeholders use accounting information to make informed business decisions. Internal stakeholders use accounting information to track business performance and determine any future course of action. External stakeholders use [...]

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