What is bookkeeping? Bookkeeping is process which involves systematic recording, analyzing and organizing of financial transactions of a company or an individual. Starting and preserving stable, expert accounting practices is important for the increase of a business. Make sure yours are so with www.outsourcedbookeeping.com. Bookkeeping have to be done on each day foundation i.e. recording […]
As a business owner, you have plenty of options – particularly when it comes to credit. Determining whether to use personal or business credit cards can be a difficult choice, and each comes with its own pros and cons. To take some of the confusion out of the process, let’s take a look at the […]
Expenses. Every business has them, no doubt about it. How you manage those expenses, however, can make or break whether you’ll continue to realize success or not – especially if you’re just starting out. The key is to reduce business expenses as much as possible so that your bottom line isn’t impacted too significantly. That […]
Depending on where you are in your business, using a business credit card may or may not be wise. We’d like to touch on some of the “do’s” and “don’ts” of business credit so you can determine if you are using yours wisely. DO You keep things separated. On this blog we’ve talked about keeping […]
Calculating your daily sales outstanding (DSO) is a relatively straightforward process. By dividing your accounts receivable by the annual revenue Managing Your Daily Sales Outstanding per day, you’ll have a better understanding of the average number of days it takes your business to collect from customers. Logically speaking, a low DSO means that your customers […]
Most businesses rely on an in-house bookkeeper to handle their bookkeeping needs. Usually, this in-house bookkeeper is an office assistant who handles bookkeeping in addition to various other tasks. Having bookkeeping handled by non-specialists is error-prone and expensive especially when you can outsource bookkeeping at a fraction of the cost while dramatically improving its quality. […]
I’m a huge fan of checklists and couldn’t live without them. They get me through my day and help me make sure I’m not forgetting something vital. It also saves me from a mountain of post-it notes and little “reminders” that get lost just when you need them. So, if you’re ready to get your […]
Maintaining the books of accounts is a crucial aspect in every business. Any business is not only the realization of the vision of an entrepreneur but involves the efforts of many individuals and multiple resources. Accounting is one such resource. In order to ensure a smooth functioning of each segment of the business organization, a […]
Small business owners often wear many hats from head chef to chief bottle washer and everything in between. Bookkeeping is one of those many hats and one of the most important. Tracking accounts receivable and accounts payable are fairly simple but what about tracking all those varied and random expenses? Create a filing system for […]
In the present age, taking the help of an outsourcing company can give a home business than others. Outsourcing combines various supreme benefits and provides customers with an expert and cost effective way to manage finances. Outsourcing allows the organization of tasks adequately. Financial and accounting duties should not be taken lightly. Thus, there is […]