What Are the Duties of a Bookkeeper?

Your bookkeeper is responsible for maintaining your business’s important accounting records known as ledgers. They should record and manage your company’s financial activities and enter financial data into the general ledgers. Here are some common duties of a bookkeeper. Data Entry Your bookkeeper is responsible for keeping records of all financial transactions of your business. They should enter the transactions into your system promptly and accurately, assign them to the appropriate accounts in your accounting software, and generate weekly or monthly reports that offer valuable insights into your business's performance. Expense Tracking Your bookkeeper records business expenditures and then cross-checks [...]

Smart Monkey2023-09-01T03:35:13-07:00August 23rd, 2023|Bookkeeping|0 Comments

7 Signs You May Need Payroll Outsourcing Services

Let’s admit it – payroll is complicated. Payroll processing is a challenging, tedious, and time-consuming task. If you handle payroll in-house, your employees might unintentionally make costly errors that could have long-lasting repercussions for your business. Moreover, they may struggle to stay focused on their core tasks. Instead of attempting to handle payroll internally, consider outsourcing it to a payroll processing company. Your outsourcing partner will manage your payroll. The provider’s team will take care of all payroll processing tasks such as gathering essential employee tax details, computing net pay, and ensuring timely payments to your employees, so your employees [...]

Smart Monkey2023-08-31T22:42:22-07:00August 16th, 2023|Payroll Services|0 Comments

4 Reasons Why Bookkeeping is Important For Your Business

Bookkeeping is an important task for any business, whether large or small. Accurate bookkeeping helps your business stay on top of your financials and gives you the insight you need to make informed decisions. Without proper record-keeping, it can be difficult to properly evaluate a company’s profitability and growth potential. This article will discuss four key reasons why bookkeeping is important for your business. Helps You Track Financial Data First, bookkeeping helps you track and monitor financial data such as income, expenses, and cash flow. This information is critical to staying on top of how well your business is doing [...]

Smart Monkey2023-07-31T22:49:41-07:00July 24th, 2023|Small Business Bookkeeping|0 Comments

6 Benefits of Outsourcing Accounting Services

Outsourcing accounting services can be a great way to take the hassle and worry out of keeping your books up to date. For businesses that don’t have the resources, or don’t want to dedicate their valuable time to managing their finances, outsourcing these services can be invaluable. If you are considering this option for your business in Santa Rosa, the experienced team at Virtual Jeannie Bookkeeping can help. Here are five key benefits of outsourcing your accounting services. Improved Cash Flow Management Working with an experienced Santa Rosa accounting firm can help you stay on top of your finances. An [...]

Smart Monkey2023-07-31T22:41:48-07:00July 18th, 2023|Accounting Services|0 Comments

Payroll Process: How Using Outdated Payroll Hurts You

Running payroll is an essential part of any business, but using outdated processes can be costly and time-consuming. In this blog post, we discuss how using outdated payroll processes can hurt your business and your team. By taking a proactive approach to managing your payroll process, you can save time and money while avoiding unnecessary headaches. So read on to learn how modernizing your payroll system could be the key to success for your business! Affects Employee Morale If you use an outdated payroll system, your HR team may make mistakes when calculating payroll. Outdated systems are less reliable and [...]

Smart Monkey2023-07-07T01:01:00-07:00June 22nd, 2023|Payroll|0 Comments

4 Signs Your Business Needs A Payroll Service

As a business owner, managing payroll is one of the most important tasks you have to take care of. But when should you consider outsourcing your payroll processing? If any of the following four signs sound familiar, then it’s likely time to bring in an outside payroll service. Doing so can save you time and money while ensuring that your employees are paid accurately and on time each month. Keep reading to learn more about why your company needs an outside payroll service! Too Many Payroll Errors Payroll errors such as misclassifying employees, failure to maintain proper records, and missing [...]

Smart Monkey2023-07-06T22:12:20-07:00June 19th, 2023|Payroll Services|0 Comments

What is Accounting and Why It Matters for Your Business

Accounting is the process of recording, organizing, and understanding financial information related to businesses. It helps business owners gain a better understanding of their company’s financial health. Accounting can be classified into several types: tax accounting, cost accounting, financial accounting, forensic accounting, and management accounting. Here are some benefits of accounting for businesses. Helps in Decision Making Business owners use financial statements to make operational decisions. Managers can use cost analysis reports to measure and track performance and make real-time decisions. Information provided by financial statements can guide key decision makers when making investment and expansion decisions. Helps Businesses Secure [...]

Smart Monkey2023-06-01T23:09:26-07:00May 26th, 2023|Accounting Services|0 Comments

The 4 Most Common Accounting Mistakes Entrepreneurs Make

Accounting is the practice of recording financial transactions related to businesses. It also involves measuring, sharing, and processing financial information. There are several benefits of accounting. It helps business owners keep track of their assets, liabilities, income, and expenses. Business owners use accounting information to make key business decisions. It is not uncommon for business owners to make accounting mistakes. Even a seemingly innocuous accounting mistake can hurt your business and lead to compliance issues. We have compiled a list of some common accounting mistakes that small business owners make. Take a look. Failure to Reconcile Accounts with Books The [...]

Smart Monkey2023-06-01T22:16:34-07:00May 21st, 2023|Accounting Firm|0 Comments

5 Benefits of Having Professional Bookkeeping Services For a Stress-Free Tax Season

Bookkeeping is fraught with challenges. If you decide to do your bookkeeping yourself, the employees on your finance team may spend a good part of their day taking care of bookkeeping tasks. A better option is to outsource your bookkeeping to a reputable bookkeeping service in Sonoma County. Professional bookkeepers have the expertise required to ensure accounting compliance. With their trained eyes, a bookkeeping expert always gets all the details. Their experience enables them to avoid costly bookkeeping mistakes that can have a huge domino effect. Here are some compelling reasons to outsource bookkeeping. Cost Savings If you decide to [...]

Smart Monkey2023-05-04T02:38:29-07:00April 27th, 2023|bookkeeping services|0 Comments

5 Helpful Bookkeeping Tips for Small Businesses

Bookkeeping is the practice of recording a business’s financial transactions into organized accounts on a daily basis. There are several benefits of bookkeeping. Bookkeeping data can generate actionable insights, helping business owners make better business decisions. When done properly, it can help you visualize your cash flow and ensure tax compliance. Here are our top bookkeeping tips. Keep Personal and Business Finances Separate At first, commingling personal and business finances may seem like a small deal. However, it can quickly cause headaches for your finance team. Set up a separate account for your business and also get a separate business [...]

Smart Monkey2023-05-04T02:40:54-07:00April 26th, 2023|Small Business Bookkeeping|0 Comments