As one of the few business resources that are truly finite, your time is irreplaceable. And while it’s almost an unspoken law that the average entrepreneur will shoulder the brunt of the work that keeps their company running, the wise will take steps to avoid this.
Topics: Small Business Bookkeeping, Bookkeeping Companies, Bookkeeper
Most small businesses and startups need nothing more than a bookkeeper in their earliest phases — someone to keep the accounting records current and to produce basic financial statements. You will eventually need multiple bookkeepers and maybe a tax accountant to keep your books and tax situation in top shape. If you begin to feel the need to secure more complex financing than you might find in a trip to the bank, it’s time to consider the difference between a bookkeeper, a controller and a chief financial officer (CFO).
In larger or more mature companies, each has a specific role to perform. Determining whether your company needs all three will depend on your assessment of the breadth, depth and complexity of your financial needs.
Let’s take a look at the basic definitions of each role.
Topics: Bookkeeping, Small Business Bookkeeping, Outsourced CFO Services, CFO Consulting, Bookkeeper
In a nutshell, bookkeepers are those who manage the financial records of a company so the company’s bills are paid and the revenue is recorded. The bookkeeper also ensures employees are paid when they should be, and invoices are sent out in a timely fashion.
Topics: Bookkeeping, Bookkeeper, what is bookkeeping
If you’re considering bookkeeping services or other financial services, you may eventually see words such as “bookkeeper,” “accountant” and “CPA.” For many people, these words are used interchangeably and refer in general to financial professionals. However, there are important differences between these roles and understanding these variances can help you determine who you need to work with for the best results. If you run a business, knowing which financial professional to call can help you make the right decisions.
Topics: Bookkeeping, Small Business, Bookkeeper, CPA, Small Business Accountant
As a small business owner, you need to ask for more from your bookkeeper. If your typical banter with your bookkeeper is about their weekend plans, you may be missing out on some crucial information. A good small business bookkeeper can be a wealth of information. Here are 7 eye-opening questions to ask your bookkeeper.
Topics: Small Business Bookkeeper, QuickBooks consulting, Bookkeeping Salt Lake City, Business Efficiency, Bookkeeper, Outsourced Bookkeeping, Outsourced Bookkeeping Services
There are a lot of bad bookkeepers out there, no doubt about it. We often get calls from distressed business owners who just lost their bookkeeper and they are worried. Once we get involved with the bookkeeping, we often find that the bookkeeper leaving (voluntarily or not) is the best thing that ever happened to the business. Here are a few signs that your bookkeeper might just plain suck at their job.
Topics: Small Business Bookkeeper, Bookkeeping Tips, Bookkeeping Training, Bookkeeping Help, Business Bookkeeper, Bookkeeper
When you are unhappy with the profitability of your small business where do you start to try and fix the problem? Do you go to sales and ask them why they aren't selling? Do you go to your management and ask them what the problem is? Do you look at your most recent financial statements and try and figure the problem out yourself? Why don't you go to your bookkeeper and ask them why profits are off? More often than not your bookkeeper may know and understand the financial aspects of your business better than you do. Asking your bookkeeper why profits are down may be the best decision you ever made, here's why.
Topics: Cash Flow Management, Bookkeeping, Business Efficiency, Outsource Bookkeeping, Bookkeeping Help, Business Budgeting, Sales, Bookkeeper
As technology advances more businesses are considering using a remote bookkeeping service. For some businesses the idea of a virtual bookkeeper is new and scary, while for others remote bookkeeping truly just won't work. For those businesses that entertain the idea of virtual bookkeeping they soon realize the benefits of using a virtual bookkeeping service.
Topics: Small Business Bookkeeper, Bookkeeping, Bookkeeping Business, Remote Bookkeeping, Bookkeeper, Virtual Bookkeeping, Business Savings
