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How an Outside Bookkeeping Company Can Help Your Business Grow

Maintaining accurate, organized, up-to-date financial records is crucial to small business success. While some business owners choose to handle their own books, there are several compelling reasons why outsourcing to a local or virtual bookkeeping firm makes more sense. Here are six advantages to using a professional bookkeeping service like BookWerksTM: Expertise and Experience Professional bookkeepers specialize in financial […]Read More

Time to Stop Paying By Check?

Many of us used to routinely write checks to pay our bills, but with new technologies and the emergence of more efficient ways to pay, people are using checks less often. While they can still be the right choice in certain situations, there are several reasons we at BookWerksTM bookkeeping company discourage relying on checks as […]Read More

6 Reasons to NOT Use Your Debit Card

Debit cards are popular for lots of reasons: they’re convenient, they usually don’t have fees, they discourage overspending, and they don’t charge interest. But they also have more than a few drawbacks. At BookWerksTM professional bookkeeping service, we suggest clients use debit cards sparingly—primarily as a way to withdrawal money from ATMs. Here are a few reasons […]Read More

Understanding the Difference Between Balance Sheets and Income Statements

someone at computer using bookkeeping software

Professional bookkeeping companies produce income statements and balance sheets for their clients. These reports are excellent tools for owners of businesses, but they are often confused for one another. A balance sheet gives a snapshot of your financial situation at a moment in time, while an income statement — or profit and loss statement — […]Read More

Getting Comfortable with Bookkeeping As a Small Business Owner

Regular, skilled bookkeeping services help small businesses retain precise financial records, which you are legally required to keep for tax purposes. Daily bookkeeping also offers many business benefits: Budgeting When income and expenses are faithfully recorded, it is easier to see where you stand financially and stay on top of cash flow needs. Organization When your […]Read More

Bookkeeping Basics for New Business Owners

Bookkeeping is the process of keeping track of each financial transaction—from the day you hang out your shingle to the day you shut down. Each transaction is recorded based on financial documents such as: Receipts Invoices Purchase orders Most companies—or their bookkeeping partners serving small businesses—use specialized accounting software to keep their books. The bookkeeper has […]Read More

How a Bookkeeping Service Can Help Your Small Business Grow

Small business owners are responsible for sales, marketing, product development, customer service and more. It’s no wonder bookkeeping often falls between the cracks. But keeping accurate financial records isn’t just important for everyday business management— it’s also key to the growth of your business. When you outsource accounting and bookkeeping, your potential for growth and […]Read More

Do You Need an Outside Bookkeeper?

One of the most important tools you can use to become more competitive and profitable is a bookkeeping service. After they hire professional bookkeepers, businesses enjoy average profit increases of 16%. Does your business need a bookkeeper? Here are some things to consider: Bookkeeper Responsibilities What does a bookkeeper do? A bookkeeper gets financial processes […]Read More

Options for Outsourcing Your Bookkeeping

Outsourcing the role of bookkeeping is a good choice for small business owners—particularly when your small business does not have the resources to hire an in-house bookkeeper. It may be time to outsource your bookkeeping if: Doing it yourself is taking up more time than you want to spend. You often fall behind in logging […]Read More

How Lax Bookkeeping Can Hurt Your Business

If you do your own bookkeeping and don’t always keep up, or your bookkeeper is often distracted by other tasks, you can find yourself facing cash flow issues and other financial problems. Here are 7 warning signs your back office might be putting your business success at risk. 1. You Don’t Know Your Numbers To […]Read More

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Choose the Best Local Bookkeeping Company for Dentists

Dental bookkeepers must know the law, the tax code and medical accounting standards. They handle financial transitions; record purchases, sales and expenses; develop transaction recording systems and more. Hiring BookWerks^TM, a company known for excellent dental practice bookkeeping services can have a multitude of benefits: your bookkeeper will take over the hassles of financial recordkeeping; invoices or professional dues will not slip through the cracks; and you will find out about upcoming cash flow problems before they happen. In addition, tax season will be easier. At BookWerks^TM, we make sure your data is ready for your tax professional well before the deadline. If you are ever audited, up-to-date records will help you navigate the thorny maze of compliance. If you’re looking to expand or retire, having your books in order is essential. Investors and creditors require detailed financial records. BookWerks^TM will also provide a year-end financial statement to help you plan the next year.