What Are Bookkeeping Services? A Simple Explanation

Bookkeeping can be a complex and time-consuming process. No wonder business owners may find it tedious and overwhelming to keep up with their bookkeeping. If you decide to keep your books yourself, you may overburden your teams without even realizing it. Moreover, it's highly likely that your employees will make costly bookkeeping mistakes. Instead of trying to do the bookkeeping yourself, outsource it to an accounting and bookkeeping firm in Santa Rosa. A bookkeeping firm will manage your business's financial reporting and save you the costs and headaches of hiring and managing an in-house team. Professional bookkeepers know the ins [...]

Smart Monkey2022-07-26T02:27:53-07:00November 10th, 2021|Accounting Firm, Bookkeeping|0 Comments

How to Choose the Best Cost-Effective Accounting Software?

There is a plethora of accounting software to pick from. We will discuss how to choose the right one for your business. Keeping "books" for a business used to be a paper-based operation involving a ledger, a lot of columns, and a pencil to record a company's vital financial data. However, today’s accountants in Sonoma County are using more advanced software programs to cater to the needs of their clients. Even the smallest firms can profit from the wide range of small business accounting software programs on the market. Accounting software may assist you with not only eliminating human errors [...]

Smart Monkey2022-07-26T00:53:26-07:00October 15th, 2021|Software, Accounting Services|0 Comments

The Future of Accounting: Demand and Evolving Technology

Change is the one true constant in business, as it is in life. Professionals across industries are witnessing enormous changes, a majority of which are driven by emerging technologies. Even accounting services in Santa Rosa have been transformed, thanks to the changing technology. The industry has progressed far beyond mere payroll and bookkeeping and is increasingly playing a strategic role in growth-oriented companies. With the advancement of technology, the accounting sector is rapidly changing. Innovations like process automation, advanced analytics, and cloud-based data management have been helping in elevating and empowering accountancy. Digital Shift There's no denying that digital transformation has shifted [...]

Smart Monkey2022-07-26T02:14:22-07:00October 7th, 2021|Accounting Services|0 Comments

4 Reasons Businesses Must Hire Bookkeepers and Accountants

Bookkeeping and accounting are important for any business as their main objective is to help businesses stay on top of their finances Both of these tasks are equally time-consuming and tedious. They require a meticulous, detail-oriented eye, and proficiency in different bookkeeping and accounting principles. If you rely on your employees to do these tasks, they may make costly mistakes. Cleaning up an accounting or bookkeeping mess can seem like an uphill challenge when not done by an expert. Some accounting and bookkeeping mistakes are impossible to rectify and can haunt a business for years with their residual effects. Outsource [...]

Smart Monkey2022-07-22T06:21:00-07:00September 15th, 2021|Accounting Services|0 Comments

Is It Time to Tune Up your Nonprofit’s Accounting Function?

You should regularly review your not-for-profit’s accounting function for inefficiencies. You can conduct annual reviews or perform an assessment whenever a significant event takes place. Here are some tips for a successful review from Virtual Jeannie Bookkeeping, a Santa Rosa-based accounting firm. Check if Cutoff Policies are Followed You need to create policies for the monthly cutoff of recording expenses and invoicing. For example, require your teams to submit invoices to the accounting department by the final business day of each month. If you do not have any policies in place, adjustments will undoubtedly pile up. Your accounting team will [...]

Smart Monkey2021-10-01T02:54:02-07:00September 8th, 2021|Accounting Firm|0 Comments

6 Things Bookkeepers Do For Small Businesses

Bookkeeping is a time-consuming and tedious chore, but also one of the most essential business activities. If your team has too much on its plate and you don’t want to overburden your team members, outsource your bookkeeping. A bookkeeper near you will manage your bookkeeping so your team can focus on the most important tasks. Here are some things bookkeepers do for businesses. Day-to-Day Management of Accounts Your bookkeeper will track every business transaction. They will monitor your cash flow and make sure all your financial records are both up-to-date and accurate. They will flag inconsistencies and bring them to [...]

Smart Monkey2022-07-22T06:26:38-07:00August 20th, 2021|Bookkeeping|0 Comments

4 Tips To Save Time When Processing Payroll

Ask business owners about the business activity they hate the most and many will answer processing payroll, and rightly so. Processing payroll is a long, time-consuming task that can be both confusing and extremely difficult. Some owners get so bogged down with payroll that they are unable to make time for the tasks that matter the most when running a business. Follow these tips to save time when processing payroll from Virtual Jeannie Bookkeeping, a payroll service near you. Double-check Employee Info Payroll errors can cost businesses money and time. If any information is inaccurate, your team will need more [...]

Smart Monkey2022-07-22T06:23:29-07:00August 11th, 2021|Payroll Services|0 Comments

Get Your Business Ready for Tax Season

Every year, many businesses commit costly mistakes when preparing or filing their returns. Tax filing oversights can catch the attention of the IRS. Before you can figure out what went wrong, the IRS can slap a hefty penalty on your business or worse, begin an audit. Preparation is the key to success. To avoid last-minute confusions and ensuing chaos, prepare for tax-filing season. A little preparation can save you time and money while avoiding potential headaches down the road. Follow these tips from an accounting firm near you to get your business ready for tax season. Claim Deductions One way [...]

Smart Monkey2022-07-26T00:40:19-07:00July 22nd, 2021|Accounting Firm|0 Comments

Common Payroll Mistakes That Hurt Businesses

Payroll processing is one of the most complicated, yet important business functions. Payroll mistakes can cost a business in labor hours, hefty penalties, and reputation. Payroll errors can have tremendous ripple effects throughout the organization and can seriously impact, or even disrupt, cash flow. Here are some common payroll mistakes seen by a payroll processing company near you. Employee Misclassification Misclassification of employees is one of the most common and costliest payroll mistakes. Employees can be classified into three categories: full-time employees, temporary or contract employees, and part-time employees. Independent contractors are not considered employees of an organization and are [...]

Smart Monkey2022-07-22T06:35:31-07:00July 13th, 2021|Payroll Services|0 Comments

Why It’s Important to Choose the Right Accounting Firm

Accounting is a complex practice. Even a minor mistake can cost your business big time. You cannot let your team get bogged down with accounting tasks and should seriously consider outsourcing your accounting. There are several benefits of outsourcing your accounting. Your outsourcing partner will come up with a plan to optimize your accounting processes. They will oversee your company payment and payroll processes, saving you headaches. You can operate with a much smaller team. Outsourcing your accounting is a great way to cut costs associated with hiring and retaining permanent employees. Here are some benefits of hiring the right [...]

Smart Monkey2022-07-26T02:49:24-07:00June 22nd, 2021|Accounting Services|0 Comments