5 Things to Consider When Choosing an Accounting Firm

Maintaining accounting records can prove to be a time-consuming exercise. Accounting and reporting requirements keep changing. Why burden your team with accounting responsibilities when you can outsource your accounting process to an accounting firm? Accounting firms employ knowledgeable professionals who keep on top of tax laws & regulations and follow industry developments closely. Your accounting firm will help you develop budgets and set financial goals. When looking for a provider, remember that not all accounting firms are the same. Whether you need your accounting partner to help you with certain accounting tasks or are planning to outsource the entire process, you [...]

Smart Monkey2021-01-29T08:46:31-08:00January 14th, 2021|Accounting Firm, Bookkeeping|0 Comments

How to Set Up Accounting Bookkeeping Services for Small Businesses

Every company is required to maintain books of accounts. Every economic event that impacts the business’s finances must be recorded in books of accounts. Though an essential task, maintaining books of accounts can be a major headache for businesses. Maintaining financial records requires a lot of time and effort. Why Outsourcing Your Bookkeeping Makes Sense There are several problems with in-house accounting. If you decide to do everything yourself, you will have to hire a team. Hiring a team consisting of a full-time bookkeeper and accountant involves significant costs. What Do Accounting Firms Do? To save man-hours, many businesses outsource [...]

Smart Monkey2022-07-26T00:57:40-07:00December 24th, 2020|bookkeeping services, Accounting Services|0 Comments

The Best QuickBooks® Consultants & How to Find Them

There are many benefits to using QuickBooks. The online accounting software comes loaded with features designed to simplify bookkeeping and accounting processes. If you are new to QuickBooks, you may know how touse the basic features, but you will need guidance to tap into its advanced features. Consider hiring a QuickBooks bookkeeping service near you. For an experienced consultant with advanced training. An experienced, highly trained professional can help you tap into the true potential of QuickBooks. When used correctly, QuickBooks can do much more than account reconciliation and invoicing. It provides information required to make critical strategic decisions. Not [...]

Smart Monkey2021-01-05T10:59:13-08:00December 15th, 2020|Accounting Firm, QuickBooks|0 Comments

Why Hiring a Payroll Services Provider is The Best Choice For Your Firm

Payroll processing is an essential business function as it involves managing employee payments. Payroll processing can be confusing, complex, and costly. It takes both time and effort to gather employee information, calculate deductions, and ensure you are withholding the right amount for federal and state taxes. Your accounting team has better things to do. It is a far better option to outsource payroll functions to save time and money. Outsourcing increases business efficiency and allows you to focus on your core capabilities. Your accounting team will have more time to focus on more productive activities, such as creating a financial [...]

Smart Monkey2022-07-26T02:44:05-07:00November 23rd, 2020|Payroll Services, Payroll|0 Comments

How Long Should You Keep Business Records?

Keeping financial records is essential for a business. Keeping clear records of income, expenses, accounts, and tax documents allows you to keep track of your business’s financial health and make improvements where necessary. Data takes up space. You need to delete old files and records on your system regularly to free up space. How long should records be kept? – This is one of the most common questions business managers ask. Lawyers, accounting services, and bookkeepers in Santa Rosa recommend preserving original documents for at least seven years to defend against lawsuits, potential claims, and tax audits. Here is a [...]

Smart Monkey2022-07-26T00:46:33-07:00November 13th, 2020|Accounting Firm, Accounting Services|0 Comments

Payroll Processing – A Vital Component of Accounting

A business does not run on its own, the people in the company make it function. There are many components in a business that need to be taken care of besides just sales and marketing. For a smooth internal efficiencies, payroll processing companies near me can be of great help. A multitude of accounting and finance components need to be managed for businesses to operate with ease. Understanding Payroll Processing Before jumping upon the significance of payroll processing in accounting, it is essential to understand it in its truest sense. Payroll processing is a method of calculating, recording, and analyzing [...]

Smart Monkey2022-07-26T00:58:50-07:00October 23rd, 2020|Payroll, Payroll Services|0 Comments

7 Common Myths About Outsourced Bookkeeping Services

The market is currently flooded with a wide variety of services and technologies. The business organizations that want to succeed know how to use them well. Especially the companies that lack accounting and bookkeeping skills need to outsource the services to record the finances. You can search for QuickBooks bookkeepers near me to look for bookkeeping services that can be outsourced. However, several myths have been spread regarding these services to kill competition. If you come across the following myths, do not believe them. Only Large Companies Benefit From Outsourcing It is often believed that only large scale companies with [...]

Smart Monkey2022-07-22T06:27:02-07:00October 13th, 2020|QuickBooks, bookkeeping services|0 Comments

What will be the future of Payroll Outsourcing after the Pandemic?

The COVID-19 pandemic has tested every aspect of payroll. Companies have learned several important lessons in the past few months as businesses realize that they cannot be too reliant on manual payroll processes. Lessons Companies are Learning from the Pandemic Automation will be critical for business continuity in the post-pandemic world. Many companies realize this and are replacing old, inefficient IT systems that use manual processes with systems that leverage modern technologies. The coronavirus pandemic caught everyone off-guard. No one was ready for it. Many businesses have learnt from their mistakes. The pandemic taught the importance of having a strategic [...]

Smart Monkey2022-07-26T05:43:27-07:00September 24th, 2020|Payment Processing, Payroll Services|0 Comments

Important Steps to Improve Payroll Processing For Business

Let’s accept it. Payroll processing is challenging. Your payroll processing team has to gather employee information, calculate employees’ gross and net pay, and ensure they are withholding the right amount of money for federal and state taxes. These are time-consuming tasks. Changes in the tax structure, employee regulations, and compliance issues can make payroll processing time-consuming and difficult to execute. It is important that you revisit your payroll processing at regular intervals to weed out operational inefficiencies and replace them with efficient processes. Here are some ways to improve your payroll processing from Virtual Jeannie Bookkeeping. Align Different Pay schedules [...]

Smart Monkey2020-10-01T05:33:27-07:00September 14th, 2020|Payment Processing, Payroll Services|0 Comments

4 Reasons Your Small Business Needs Professional Accounting Services

Preparing and filing taxes is a cumbersome process. Tax rules change every year. Plus, there are many things to remember and steps to take when preparing taxes. Your accounting team has better things to do. To ensure your team has enough man-hours to focus on critical tasks, outsource your tax preparation. Outsourcing companies employ knowledgeable taxation professionals. They follow market developments closely and can help you figure out ways to save on taxes. Your outsourcing partner will also help you understand and claim small business tax deductions. Here are some compelling reasons to hire professional accounting services in Santa Rosa. [...]

Smart Monkey2022-07-22T06:22:31-07:00August 24th, 2020|Accounting Firm, Accounting Services|0 Comments