Category: Bookkeeping

Xero accounting bookkeeping for massage therapists and bookkeeping partners can also offer basic plans to clients who just need the essentials. We’re upfront about pricing, and provide full details of our pricing plans and optional extras. Where a feature is listed as an add on (like Xero Payroll, Xero Projects, Xero Expenses and Analytics Plus), […]

So you’ll want to understand which tasks your bookkeeper is and isn’t responsible for handling. Small businesses often work with tax advisors to help prepare their tax returns, file them and make sure they’re taking advantage of small-business tax deductions. Though you may not work regularly with a tax specialist year-round, you’ll want to connect […]

External factors include changes in the economy, technological advancements, and competitive forces in the market. For example, if you’re in a B2B space with complex needs, consider adopting a challenger sales methodology. It works well in industries where customers need to continuously adapt and learn to stay ahead of the curve. But in industries with […]

Every offer we make is carefully evaluated and taken into consideration; this evaluation is based on variables including the volume of transactions to be handled and the processing time required. Remember, the decision to outsource your bookkeeping should be strategic and align with your business goals. Picking areas that are either repetitive and time consuming, […]

For one, there’s a large variety of financial transactions in the construction industry. Additionally, they will ensure that the construction company complies with https://azbigmedia.com/real-estate/commercial-real-estate/construction/how-to-leverage-construction-bookkeeping-to-streamline-financial-control/ all regulations. The Davis-Bacon Act (DBA) is a United States law that requires employers to pay prevailing wages—the regional minimum pay requirement—on public works projects for laborers and mechanics. Construction payroll […]

While managerial accounting focuses on providing data for internal use, financial accounting focuses on the decisions related to an organization’s financial relationship with external companies. When you’ve met the educational and experiential requirements to get into management accounting, it’s an ideal time to network and continue building relevant skills. Be prepared to start in an […]

Outsourcing your finance department can help you eliminate traditional accounting methods that rely on manual financial processing and replace them with automated workflows. Over the past decade, many companies have decided to outsource these functions to professionals because they can have a tremendous long-term impact on their business. Is it time to invest in additional […]

But even if you’re not subject to Sarbanes-Oxley, reconciling accounts — especially cash accounts— on a timely basis can help prevent fraud. We’ve all heard of small businesses that lose tens of thousands, even hundreds of thousands, to embezzlement. Many of those thefts could have been halted in their tracks immediately if the bank accounts […]

With the cash method, a company recognizes revenues when it receives payment and recognizes expenses when it pays bills. Calculating profit is simple, since profit is just cash received minus cash disbursed. Understanding each type of construction accounting — as well as the advantages and disadvantages of each — can help a construction business choose […]