Make Financial Statements Useful With These BOSS Tips!

On August 4, 2016, Posted by , In Bookkeeping, By ,, , With Comments Off on Make Financial Statements Useful With These BOSS Tips!

Knowing how to work with the numbers shown in a company’s financial statement is an essential skill for small business owners. Yet, too many of them have financial statements that are not useful for decision making, inaccurate, or are generated so late that they are no longer relevant. Luckily, the…

Meals and Entertainment: What’s Deductible, and What Isn’t.

On June 30, 2016, Posted by , In Bookkeeping, By ,, , With Comments Off on Meals and Entertainment: What’s Deductible, and What Isn’t.

Just because there is a line item for meals and entertainment, certainly does not mean every dinner or theater ticket is a valid deduction. Although there is a range of expenses that could fall under this category, there are a few rules when it comes to the IRS seeing these…

21 Ways a Bookkeeper Will Benefit Your Small Business

On February 4, 2016, Posted by , In Bookkeeping, By ,,, , With Comments Off on 21 Ways a Bookkeeper Will Benefit Your Small Business

When starting a business, you will probably spend a lot of time trying to figure out where you can cut costs. Bookkeeping is one area where you may be tempted to try and solve problems on your own, but if you lack the proper experience then you should think twice….

Does Your Small Business Qualify for These Tax Deductions?

On January 11, 2016, Posted by , In Bookkeeping, By ,,,, , With Comments Off on Does Your Small Business Qualify for These Tax Deductions?

As bookkeepers, we are constantly asked what can be written off. Surprisingly enough, the IRS does not have a master list they can give us. According to the IRS, to be deductible a business expense must be ordinary and necessary. In other words it must be commonly accepted in your…

Bookkeeping Terms and Phrases to Know

On December 16, 2015, Posted by , In Bookkeeping, By ,, , With Comments Off on Bookkeeping Terms and Phrases to Know

With the New Year coming up, more and more business owners are looking to outsource their books. One of the easiest ways to communicate with your bookkeeper is to know a few of the key terms and reports that will be used. Not only will learning the meaning of these…

Signs of a Great Bookkeeper

On December 10, 2015, Posted by , In Bookkeeping, By ,, , With Comments Off on Signs of a Great Bookkeeper

Great bookkeepers are hard to find. Once you do find a great one, never let them go. But how do you know if your bookkeeper is good, or even great? Every bookkeeper should have experience and accreditation, but great bookkeepers should have more to offer than that. Here are some…

Everyday Money Management Tips for Small Business Owners

On December 3, 2015, Posted by , In Bookkeeping, By ,, , With Comments Off on Everyday Money Management Tips for Small Business Owners

Money concerns top the list for many small business owners when they are asked what their top challenges are. While it is possible to give your business a financial makeover by modifying procedures, there are also some easy things you can change day-to-day to improve finances. Here are a few…

Wilmington NC Bookkeeping Basics and How It Can Determine Your Success

On November 24, 2015, Posted by , In Bookkeeping, By ,, , With Comments Off on Wilmington NC Bookkeeping Basics and How It Can Determine Your Success

Accurate bookkeeping is an essential part of effectively managing and growing your business. Unfortunately, most small business owners think of it as a chore to be done during the little time they have left at the end of the work week. Many do not realize that a solid bookkeeping system…

Financial Tips Every Small Business Can Utilize

On November 19, 2015, Posted by , In Bookkeeping, By ,,, , With Comments Off on Financial Tips Every Small Business Can Utilize

Keeping records and understanding your finances is a necessity when running a small business. While this may not sound like much fun to most entrepreneurs, there are some ways to make it a bit less painful. Here are our insights on effective financial procedures any small business can adapt to…

Get Your Startup on Track with Bookkeeping Wilmington NC

On October 29, 2015, Posted by , In Bookkeeping,Small Business Start Up, By , , With Comments Off on Get Your Startup on Track with Bookkeeping Wilmington NC

Congratulations, you’ve opened a business! Starting a small business of your own requires time, passion, and perseverance. However, business ownership is a rollercoaster with ups, downs, and a never ending to do list. Getting on top of bookkeeping tasks as soon as possible is crucial to a business running smoothly….