4 Reasons Why Asking Your Accountant To Do Bookkeeping is a Bad Idea

Accountants and bookkeepers perform very different tasks. Accountants are responsible for examining financial statements to ensure their accuracy and compliance with existing laws and regulations. They help businesses turn data into actionable insights. Bookkeepers manage and record business transactions. They also reconcile bank accounts. A business’s bookkeeper often works with tax preparers to ensure tax compliance. Many businesses expect their accountants to also keep books for them. However, ask any company that provides both account and bookkeeping services near you and you’ll hear that it’s not advisable to use an accountant for bookkeeping. Here’s why! An Accountant Does Not Understand [...]

Smart Monkey2022-07-22T06:21:40-07:00June 11th, 2021|Bookkeeping|0 Comments

Types Of Accounting Services For Small Businesses

Accounting is the process of summarizing, recording, and analyzing financial transactions relating to a business’s operations. Accounting helps you track your income, expenditure, and ensure statutory compliance. Accounting information is used to make key business decisions. If your finance team is already burdened with too much work, it makes sense to outsource your accounting to an accounting firm in Santa Rosa. Your outsourcing partner will perform day-to-day accounting tasks, ensuring that your employees can make time for more important tasks. Here are some common types of accounting services for small businesses that accounting firms provide. Tax Accounting Services Taxes are [...]

Smart Monkey2022-07-26T02:26:27-07:00May 21st, 2021|Accounting Services, Small Business Bookkeeping|0 Comments

QuickBooks Online Best Practices

The popularity of QuickBooks grows with each passing year. This easy-to-use software is designed to help businesses manage taxes easily and increase business efficiency. QuickBooks has been constantly evolving and the QuickBooks team adds new safety and convenience features at regular intervals. QuickBooks Online is a cloud-based accounting software designed to help businesses manage and access their books online on different devices such as laptops, desktops, and smartphones. Here are some tips to help you get the most out of QuickBooks from a bookkeeper near you. Keep Track of Your Accounts Payable and Receivable Business owners have a lot on [...]

Smart Monkey2022-07-26T01:01:49-07:00May 11th, 2021|QuickBooks, bookkeeping services|0 Comments

3 Reasons Why Your Business Needs an Accounting Firm

It’s a well-known fact that as a business grows, so does its needs. As soon as your business expands beyond a certain point, you will need professional support and services to help assist in financial management. Thankfully, you can consult with professional and certified accountants in Sonoma County to effectively manage your business’s finances. Although hiring a professional accountant or an accounting firm may sound like an added expense, it is imperative that you consider it an indispensable part of your business operations. The Role of An Accounting Firm There’s no doubt that accounting firms play a crucial role in [...]

Smart Monkey2022-07-22T06:20:09-07:00April 23rd, 2021|Accounting Firm|0 Comments

5 Common Bookkeeping Mistakes

Bookkeeping is an extremely important task for every business owner. A quite tedious process, it usually takes up hours of time for business owners to document and maintain their books. This arduous process is one of the primary reasons why most business owners fail to keep their business finances maintained and updated on a monthly basis. If you are also worried about keeping up with the bookkeeping tasks for your business, then all you need to do is to look for professional, reliable bookkeeper near you. Choose the right bookkeeping service to fix your bookkeeping errors and keep your books [...]

Smart Monkey2022-07-22T06:24:55-07:00April 13th, 2021|bookkeeping services|0 Comments

What Accounting Services Do Small Businesses Accounting Firms Provide?

Let us admit it, accounting is complex. Typical accounting tasks such as managing accounting transactions, reconciling accounts payable and receivable, and preparing budget forecasts are time-consuming and stressful. If you try doing everything yourself, you risk overburdening your finance team. Your employees will have less time for more important tasks that matter and can make mistakes. If you have too much on your plate, consider outsourcing your accounting. Hire a top-rated accounting firm near you to manage your day-to-day transactions. Accounting firms employ seasoned professionals who stay up-to-date on current trends in accounting. These experts will help you make smart business decisions in [...]

Smart Monkey2021-03-31T06:56:14-07:00March 22nd, 2021|Small Business Bookkeeping, Accounting Services|0 Comments

How Can a Bookkeeper Help a Small Business?

Businesses must consider bookkeeping a high priority, not an afterthought. Financial records provide business owners with in-depth insights, helping them make prudent business decisions. You need to make sure your financial records are accurate and up-to-date. As a business expands and the number of stakeholders increases, it becomes increasingly difficult to track financial transactions. If your team is overworked, it makes sense to outsource your bookkeeping. Many business owners wonder if they need a bookkeeper or accountant. The confusion is understandable as both terms are often used interchangeably. However, there is an important difference between these two processes. A bookkeeper maintains [...]

Smart Monkey2022-07-26T00:41:37-07:00March 12th, 2021|bookkeeping services, Bookkeeping|0 Comments

3 Accounting Trend Predictions to Take Advantage of in 2021

So, what kind of changes can we foresee looking ahead to the future? Here are the three accounting trends that will emerge in the coming months from an accounting service in Santa Rosa. Investing in these trends can help firms ensure a successful business year. An Increase in Tech and Automation Practices Technological advances have streamlined the tedious, outdated accounting processes and automated technologies have been hosting these services for years. This trend has accelerated in recent years and we expect it to continue to do so. An Increase in the Cross-Platform Integration of Accounting Software The trend of integrated [...]

Smart Monkey2022-07-22T06:18:39-07:00February 21st, 2021|Uncategorized|0 Comments

How Many Days Does It Take to Process Payroll?

Payroll processing can often be quite intimidating, especially without the right tools and measures. While payroll irregularities can impact whole other proceedings, employees are the ones that are hit the most. Here is a brief guide focusing on the specific aspects of payroll processing from Virtual Jeannie Bookkeeping. What Is Payroll Processing? Payroll processing is all about managing employee payments while adhering to certain regulation clauses like Provident Fund, PT, and labor laws. From enrolling an employee to your payroll to handing them their paychecks — it's all part of the payroll processing. While payroll management can be a simple [...]

Smart Monkey2022-07-26T00:47:34-07:00February 15th, 2021|Payroll, Payroll Services|0 Comments

What Do Accountants Do For Small Businesses?

We cannot emphasize enough the importance of keeping your financial data both current and accurate. When you regularly update your books, you get an accurate picture of the status of your business. You can use up-to-date data to make informed business decisions. Maintaining books and accounts is a tedious, time-consuming process. As your business grows, keeping track of your business cash flow can seem like an uphill battle. You are sure to have better things to do than tracking payments and receipts. When the accounting tasks of your business are too much to handle by yourself, hire an accounting firm near [...]

Smart Monkey2022-07-26T02:35:13-07:00January 21st, 2021|bookkeeping services, Small Business Bookkeeping|0 Comments