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Behind on Your Cincinnati Bookkeeping? Here’s an Easy Way to Catch Up and Stay Up to Date

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A common woe of small business owners is falling behind on bookkeeping. This can be a problem for three reasons: You might lose track of cash flow and find yourself unable to meet payroll or bills You might not have the right data to make informed decisions about growing your business You could be faced with […]Read More

The Bookkeeper’s Importance to Your Business

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Bookkeepers are responsible for recording every financial transaction in the appropriate place. That can just look like loading your transactions into accounting software, or having them downloaded from your bank account automatically. But bookkeeping is more than just transferring numbers into a spreadsheet—it takes detailed analysis and legal knowledge. Your bookkeeper makes sure you meet […]Read More

Tips for Entrepreneurs Just Getting Started

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Your Bank Account Your first task, after registering your business with the state, is to open a bank account. It is best to have a business account separate from your personal account. Open a business checking account first, then a savings account to put aside money for taxes. Many entrepreneurs start with putting 25% of […]Read More

What is Involved in Small Business Bookkeeping?

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If you own a business, you need to know what you owe your vendors and what your customers owe you at all times. Bookkeeping is, at its most simple level, about keeping track of these two numbers. You need files or online folders for each of these two “buckets”: Your Accounts Payable folder will include bills, […]Read More

The 5 Most Common Bookkeeping Errors, and How to Fix Them

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Entrepreneurs serving as their own bookkeepers tend to make similar mistakes. Here are some of the ones we see most often, and how they can be avoided. 1. Guessing When You Don’t Know What to Do Entrepreneurs tend to muddle their way through challenges, including bookkeeping. Unfortunately, errors compounds over time, and you could find […]Read More

Where to Find Bookkeeping Services for Your Small Business

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When it’s time to outsource your bookkeeping, how do you find the right company for the job? As with searching for any other professional, there are no shortcuts: Network Your network is a great place to start. Ask people you trust who does their bookkeeping. If you already have relationships with CPAs, business lawyers or […]Read More

Why Professional Bookkeeping is Smart Business

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Many small business owners mistakenly think of bookkeeping as only data entry, and trust the function to an unqualified employee. Accounting software is making bookkeeping much easier than in years past, but it’s still critical that the tasks are handled by someone skilled in financial record-keeping. 5 Reasons Expert Bookkeeping is so Important Bookkeeping helps […]Read More

How Your Bookkeeper Can Help You Grow

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Bookkeeping is an essential business activity: the recording and managing of a business’s financial information. Transactions, expense accrual and other financial information is recorded by your in-house bookkeeper or outsourced service. Your bookkeeper should provide, at a minimum, The Income Statement, The Balance Sheet and the Cash Flow Statement. They should also: Manage accounts receivable […]Read More

Understanding your Bookkeeping Reports

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When it comes to small business accounting, most owners know it is important to keep records up-to-date for tax purposes. But there are many other ways you can use your bookkeeping reports to grow your business: Profit and Loss Statement The P&L or Income Statement tells you how much money you are making, but that’s […]Read More

How Bookkeeping Services Work

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Is it time for you to hire an outside bookkeeper? There are many advantages, including: privacy security peace of mind that your books are in order freedom from the hassles of hiring, training, providing benefits; etc. Here are some questions prospective BookWerksTM clients have asked: Will the Service Have Experience in my Field? Most medium-sized bookkeeping services have […]Read More