Allowing customers to take delivery of good and services on credit encourages them to buy more, which raises sales. Offering discounts to customers who pay quickly can encourage them to settle their accounts and keep revenue flowing well. There will also be times when items will be returned. Using Quickbooks to create invoices, track payments […]
Keeping your small business running smoothly requires keeping accurate financial records. You don’t need to be a master bookkeeper to handle the day-to-day record keeping for your business. Decide which accounting system works best for your business: cash or accrual. Cash method counts income as soon as it comes in and expenses as pay them. […]
Outsourcing has always been associated with private businesses, from small and medium enterprises to large multinational companies. In the midst of an economic slowdown, there are other organisations that can benefit from outsourcing. Non-profit Organisations Non-profit organisations have a different financial structure compared to businesses. They are under specific and strict tax laws. Their cash […]
How to create an efficient, accurate monthly close process for Bookkeeping Accurate and timely financial statements are critical for making quick decisions in today’s business. In order to look forward and plan effectively, a business owner must be able to review and discuss the financial performance of the business to date. A fundamental component of […]
Small business owners play a lot of roles and for many, one of the least favorite is that of the bookkeeper. Let’s face it, after the client meetings, sales proposals, buying trips, conference calls, trade shows and updating all of the above on social media, tracking numbers is a tedious, although very necessary task. There […]
One of the best investments you can make in your business is to outsource. It should be done as a priority the moment you start earning a steady income. It will end up saving you time and energy better spent on other things. Some people outsource to get more time to build up their business, […]
Bookkeeping is an important part of any business, regardless its size, nature or type. It is actually recommended to learn the basic bookkeeping skills before you even start a company. It is because a proper bookkeeping practice will determine whether you succeed or fail with your business, especially during the first phase when what matters […]
Excel Integration As before, you can export your reports to Excel. Now in QB 2013, new feature is added. Look at the situation that you made the formatting changes in the file exported to suit your requirements, and later on, you found that your data[toggle title=”your title here”]your content here[/toggle] in the report exported needs […]
Press Release Florida August, 2012 – The director of https://outsourcedbookeeping.com/ Mr. Sunil Khullar recently expanded their services for the business community in Florida and other states in the East coast of United States. The company provides accounting and financial bookkeeping for your business that will save you 50% compared with regular inland services. Outsourced Bookkeeping will […]
Outsourcing is a term which has been catching on during the last five years. Although its definition is difficult to find in a standard dictionary, for those of us who consult with CPA firms, it’s a familiar term and offers an extremely effective way to cut the costs of delivering services while maintaining, if not […]