Best Bookkeeping Practices That Can Help You Achieve Business Success

Bookkeeping is an integral part of accounting. It involves recording financial transactions and bookkeeping teams support accounting by overseeing the company’s financial data. A bookkeeping team is responsible for maintaining accurate books on payroll, accounts payable and receivable, and must also record daily financial entries and reconciliations. Given the importance of bookkeeping, coming up with an effective bookkeeping strategy should top the priority list of every business owner. Here are some best bookkeeping practices bookkeeping experts swear by. Use an Accounting Software The importance of keeping a record of all your business expenses cannot be emphasized enough. That said, you [...]

Smart Monkey2022-07-22T06:32:49-07:00February 15th, 2020|bookkeeping services, Small Business Bookkeeping|0 Comments

California Minimum Wage Rising to $13 for Larger Firms

On Jan 1, 2020, California increased the minimum wage for workers employed with larger firms (at least 26 employees) in the state to $13/hour. The minimum wage for employees employed with smaller firms has been raised to $12/hour. California has been continuously increasing its minimum wage since 2017. The end goal of $15/hour will be reached by 2023. Around 20 Californian cities already have a higher minimum wage rate than the state’s mandate. Speaking to the San Diego Union-Tribune, Californian Assemblywoman Lorena Gonzalez, a long-term advocate for workers’ protection, highlighted the need for a higher minimum wage. She said that [...]

Smart Monkey2022-07-22T06:34:29-07:00January 23rd, 2020|bookkeeping services, Small Business Bookkeeping|0 Comments

6 Reasons You Should Outsource Accounting

Cash flow is the lifeblood of any business. How businesses manage their cash flow can mean the difference between success and failure. Every business needs a system for measuring, processing, recording, analyzing, reporting, and summarizing financial information. Accounting does exactly that. From preparing and analyzing financial records to computing taxes, accountants perform a number of tasks. Accounting principles and concepts are complex, to say the least. Rather than burdening your employees with accounting tasks, consider outsourcing your accounting to an accounting firm in Santa Rosa. Hiring expert accountants in Sonoma County who specialize in forensic accounting, management consultancy, recovery, taxation, [...]

Smart Monkey2022-07-26T05:35:24-07:00January 13th, 2020|bookkeeping services|0 Comments

How to Set Up QuickBooks: Training and Consulting With Virtual Jeannie Bookkeeping Services Inc.

At Virtual Jeannie Bookkeeping Services Inc., we realize the importance of maintaining accurate financial information. When you maintain your books properly and keep them up-to-date, you will be able to calculate the revenue your business generates, the amount of debt the business has accrued, and the profit it has made. This information helps you make strategic business decisions, especially if you are looking to expand your business. Furthermore, when you maintain your books, you will be able to present it to auditors if the IRS audits you. In fact, if IRS questions you, you will be able to check the [...]

Smart Monkey2022-07-26T03:37:55-07:00December 13th, 2019|bookkeeping services|0 Comments

10 Common Payroll Mistakes Small Businesses Make

All businesses need to have a system in place to manage their payroll activities. However, many businesses end up making mistakes while managing the different elements of payroll, which includes paying employees, filing the relevant government forms, and paying taxes. If you run a small business, be mindful of these 10 common payroll errors. Missing State and Federal Deadline Maintain a calendar to report and deposit payroll taxes to federal as well as state agencies. Late deposits incur penalties and interest charges which small businesses cannot afford. Hiring payroll services in Santa Rosa will ensure you never miss a deadline [...]

Smart Monkey2020-03-05T07:46:44-08:00November 12th, 2019|bookkeeping services, Payroll Services|0 Comments

What Bookkeepers Do and How They Can Help Your Business

So, who’s going to keep a proper track record of financials after you set your business off the ground? Now, this is where professional, reliable, and trustworthy bookkeeping services like Santa Rosa bookkeeping services comes to your rescue. A good, proficient, and dependable bookkeeper will not only stay on top of business’s financials, but will also keep you informed regarding the financial health of your business. It is a well-known fact that the role of a bookkeeper in a company varies greatly depending on the nature and size of the business. If it is a small-scaled company without an accountant, [...]

Smart Monkey2022-07-26T05:40:44-07:00September 12th, 2019|bookkeeping services|0 Comments

Are You Prepared to Face the Auditor?

If you are searching for bookkeepers near me, chances are that you are well aware of the financial auditing needs of your organization. IRS audits are the most common forms of audits these days, and all business owners are aware of the same. The sole intention behind the inspections carried out by such organizations is to ensure that your company is operating under the required specifications, and also abiding by the law set forward by the Constitution. For savvy businessmen, these things are well organized, and they know how to deal with certain situations. But for owners of smaller enterprises, [...]

Smart Monkey2022-07-26T05:47:53-07:00June 20th, 2019|bookkeeping services, Payroll Services|0 Comments

When is the Right Time to Choose Payroll Processing Services?

If you are looking for reliable bookkeeping services near me, you are in the right place! Here, we shall help you get the most out of our content. Continue reading, and unlock the key mysteries of the accounting world. If you have come this far, the chances are that you are seeking answers to your questions about deploying payroll processing services into your business. Well, you might not be sure whether it is the right time to implement your ambitions. To find an appropriate answer, let us first figure out the reasons to outsource payroll-processing services. Companies with limited employees [...]

Smart Monkey2022-07-26T03:49:20-07:00May 21st, 2019|Bookkeeping, bookkeeping services|0 Comments

Essential Employment Associated Tax Information for Employers

Small business owners are usually found looking for reliable bookkeeping services in Sonoma County. Employment tax is one of the essential parts of any business. If you are aspiring to set up your own company, this is meant for you. Before setting up your payroll system, and even before you start hiring your employees, you should be well informed about the various kinds of employment taxes. What are Employment Taxes? Employment taxes are those taxes that your business and your employees are liable to pay to the federal, state, and local tax agencies. It is worth noting that self-employment tax [...]

Smart Monkey2022-07-26T03:31:06-07:00May 10th, 2019|bookkeeping services|0 Comments

How to Prepared to Face the Auditor?

If you are a business owner, you might be searching online for ‘bookkeepers near me’. There are more reasons to perform a corporate audit than you think. Although you are aware of the IRS audits, did you know that your business might get inspected by any of the local, state, and federal departments too? Depending on the type of business you are running, there can be multiple reasons why these agencies would want to audit your corporation. It might be because of fire safety, verification of building codes, monitoring health, and safety related issues. Why You Might Get Audited Sometimes, [...]

Smart Monkey2022-07-26T03:36:27-07:00April 12th, 2019|bookkeeping services, Bookkeeping|0 Comments