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 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 [...]

Smart Monkey2022-10-02T23:17:30-07:00September 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 [...]

Smart Monkey2022-09-01T22:05:47-07:00August 22nd, 2022|Accounting Services, Accounting Firm|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 [...]

Smart Monkey2022-07-26T02:20:16-07:00May 23rd, 2022|Accounting Firm, Accounting Services|0 Comments

5 Signs it’s Time to Find a New Accountant

If your accountant in Sonoma County is not acting in a professional or ethical manner, isn’t responsive to your needs, fails to keep their promises, or doesn’t seem to understand your case or company, it’s time to start looking for a replacement. At Virtual Jeannie Bookkeeping Services, we pride ourselves in our exceptional work and dedication to our clients. We understand that you might be hesitant to sever ties with your accountant because of the important role that they play in your business. However, we want to warn business owners that dragging out an unfit partnership will only hurt your [...]

Smart Monkey2022-07-22T06:25:19-07:00January 19th, 2022|Accounting Firm|0 Comments

Why Should Your Business Outsource Its Accounting to A Certified Professional?

If your business does its own accounting, there’s a chance you are missing out. When you outsource your accounting, you are working with a certified professional that wear only one hat of managing your numbers. Experts use their certified skills to analyze, forecast, and strategize to save your business time and money. It is important that when outsourcing, the accountants you hire have a certification. Our experts at Virtual Jeannie Bookkeeping, an accounting firm in Santa Rosa, are trained and certified to ensure that their clients receive the best services for their accounting needs. A certification equips accounting professionals with [...]

Smart Monkey2022-07-26T03:52:53-07:00January 10th, 2022|Accounting Firm|0 Comments

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

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

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

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