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

3 Bookkeeping Trends Your Small Business Can Benefit From

In the past few years, the accounting and bookkeeping industry has evolved tremendously. The industry has witnessed several changes. Technology is driving change in the bookkeeping and accounting industry. Accounting automation is the new buzzword. Thanks to advancements in accounting technology, accountants and bookkeepers no longer need to manage data entry, and have started performing the role of strategic advisors. Here are some trends that will rule the bookkeeping and accounting industry in 2020 according to local bookkeeping firm, Virtual Jeannie Bookkeeping. The Rise of Cloud-Accounting Software A study estimates that around 78 percent of small businesses will be on [...]

Smart Monkey2022-07-22T06:19:30-07:00August 13th, 2020|Accounting Firm, bookkeeping services|0 Comments

Why Is Accounting Important for Business?

Accounting plays a crucial role in running a business smoothly. Accounting supports decision making, helps you track income and expenses, provide stakeholders with qualitative financial information, and ensure statutory compliance. Whether you own a small, local business or are at the helm of a global corporation, you need to get your accounting in order. Here are some benefits of accounting for businesses. Helps Evaluate Business Performance Your financial accounts show the financial health of your business. They reflect the results of business operations and help you understand what is going on with your business financially. Business managers utilize financial data [...]

Smart Monkey2022-07-26T02:48:21-07:00July 23rd, 2020|Accounting Firm, bookkeeping services|0 Comments

Top Benefits of Outsourcing Your Accounting

Accounting is important for every business. Accounting enables you to keep track of income and expenses. You can use different reports and projections generated by your finance team to make critical decisions. Maintaining financial records is easier said than done. Preparing and updating books for accounts involves a lot of effort. Believe us when we say your finance team has better things to do than setting up financial books. If you want your team to devote time to important tasks such as creating and implementing financial policies, consider outsourcing your accounting. Bookkeeping firms offer a range of services, such as [...]

Smart Monkey2022-07-26T02:21:36-07:00July 13th, 2020|Accounting Firm, bookkeeping services|0 Comments

4 Ways to Save Time and Money on Accounting and Bookkeeping Services

Bookkeeping and accounting are important for any business. Maintaining the books of accounts takes some effort. There are many steps involved in the accounting cycle. Oftentimes, accounting, and bookkeeping teams can get lost in the paperwork jungle. If your team is investing too much time and effort maintaining books and analyzing accounting & bookkeeping processes, you need to come up with a plan to reduce their workload. Which ensures they have enough time to invest in more productive tasks such as creating accounting policies for the organization. Here are some tips to save time and money with accounting and bookkeeping [...]

Smart Monkey2022-07-22T06:24:19-07:00June 22nd, 2020|Bookkeeping, bookkeeping services|0 Comments

4 QuickBooks Online Tools for Cleaning Up a Financial Mess

No organization can afford bookkeeping and accounting blunders. Even a single wrong entry can hit a business where it hurts the most. After which, a team of seasoned finance professionals can take weeks, even months, to clean up the financial mess. Thankfully, QuickBooks Online or QBO has some effective tools to help teams take an organized approach and speed up reconciliation and other processes when sorting out financial messes. These online tools make lives of finance professionals easier and help them keep a level head when dealing with a frustrating situation. Here are some of the most useful QBO tools [...]

Smart Monkey2022-07-22T06:20:21-07:00June 12th, 2020|QuickBooks, bookkeeping services|0 Comments

Why Your Start-Up Needs a Professional Bookkeeper

Entrepreneurs have too much on their plate. Many entrepreneurs with limited funds have to juggle multiple tasks and wear several hats. One day, an entrepreneur may be busy screening and evaluating candidates for a position, while on the next day, they may have to perform the role of an IT manager. Accounting and bookkeeping tasks, however, are best left to the experts. The temptation to save money by trying to do everything yourself can be hard to resist;however, you need to understand that the benefits of hiring a professional bookkeeper far outweigh the costs. Here are some reasons why you [...]

Smart Monkey2022-07-26T02:50:32-07:00May 22nd, 2020|bookkeeping services, Bookkeeping|0 Comments

Top Tips to Make the Most Out Of Your Accounting Software

More businesses than ever realize that manual accounting and bookkeeping are both error-prone and time-consuming. To ensure their accounting staff has adequate time to focus on more productive activities like creating accounting policies, businesses worldwide are using accounting software to automate their accounting processes. Having an accounting software does not mean anything if your accounting staff does not know the principles of financial management. Here are some bookkeeping basics that will help deepen your understanding of financial management principles. Identify the Leaks That Are Costing You Money The primary purpose of financial accounting is to help businesses understand the aspects [...]

Smart Monkey2022-07-26T02:23:28-07:00May 12th, 2020|bookkeeping services|0 Comments

The Best Tips for a Small Business Owner Managing Their Own Bookkeeping

As a small business owner, it is crucial for you to practice the right bookkeeping practices. If you maintain good financial records, it will make it easier for you to manage your company’s debts, direct deposits, and items you sell on credit by recording and utilizing invoices. In the absence of good bookkeeping in Santa Rosa, you will end up bankrupt even before you can make your investment grow. Below are some practices that bookkeepers in Santa Rosa suggest every business owner consider when maintaining their own bookkeeping. Separate Business and Personal Expenses – It is important for you as [...]

Smart Monkey2020-04-29T06:29:20-07:00April 23rd, 2020|bookkeeping services, Small Business Bookkeeping|0 Comments

What Happens If You Cannot Pay Taxes You Owe?

The IRS is more powerful than you think. It comes down heavily on people who do not pay their taxes. From property attachment to a jail sentence, tax defaulters can face the IRS’s wrath in several different forms. But what if a person who owes taxes cannot pay due to temporary financial hardship? Will the IRS still wreak havoc on their life? Probably not. If you do not have enough funds to pay your taxes, don’t panic, you’re not alone. Every year some 5 million taxpayers need a payment alternative. Your inability to pay taxes you owe is not the [...]

Smart Monkey2022-07-26T02:39:57-07:00February 27th, 2020|QuickBooks, Bookkeeping, bookkeeping services|0 Comments