Bookkeeping is the tracking of financial transactions, usually by entering them into accounting software. It provides a picture of where your money comes from, where it goes, and your potential tax deductions. It’s important because: You need it for taxes You need it to borrow money It helps you catch errors before they cause problems […]Read More
Restaurant bookkeeping is unique. It can be intimidating–even for seasoned, well-rounded restaurant owners–because it’s a complex practice with many moving pieces. Keeping restaurant books is also time-consuming, time-sensitive, and dependent on accuracy. But it is critical for making finance-driven business decisions. Do you Need Professional Cincinnati Restaurant Bookkeeping? You may have heard the saying: “know your strengths, […]Read More
Before you sign up with a bookkeeping service, find out how they charge and get an estimate. That will give you a good idea of whether you can afford the firm’s services (our clients usually find it saves money to use an outside professional service.) Charging by the hour for bookkeeping is considered outdated. That’s […]Read More
Bookkeepers typically do the following: Enter financial transactions into computer software Put costs (debits) and income (credits) into the software, assigning each item to the right account Produce regular balance sheets (costs vs. income), income statements (assets, liabilities and equity) and totals by account Check for accuracy in figures, entries and reports Reconcile any discrepancies […]Read More
Bookkeeping is the recording of all financial transactions your business makes. Bookkeepers record, classify and organize transactions using supporting documentation such as receipts, invoices, purchase orders, etc. Most bookkeeping and accounting services for small businesses and franchises in Cincinnati now use specialized computer programs like Xero, or QuickBooks. Terms to understand When you set up your […]Read More
If you own a business, you need to keep careful track of your money. Professional bookkeeping services make it easy to know how much is coming in and going out, and where you stand in terms of the big picture. Good bookkeeping firms can answer any questions you may have about financial record-keeping, help you decide when […]Read More
Business owners often assume it is best to do their own financial record-keeping, but that is seldom the case. Here are six reasons why: Time. Hours you spend tracking sales, classifying expenses, reconciling accounts, recording payments and creating monthly reports could be spent on revenue-generating activities, or taking a needed mental health break from work. […]Read More
A lot of small companies have a staff or family member without any accounting or bookkeeping experience record their transactions, which seems cost-effective, but can be a bad decision in the long run. The money you “save” could actually be costing you. What Can Go Wrong It doesn’t take much for a bookkeeping error to wreak havoc […]Read More
Many people with as little as one bookkeeping course keep small company books, but professional bookkeeping companies offer much more value. Bookkeeping firms manage account records, produce financial reports, and monitor revenue, spending and invoices. They analyze documents to make sure accounts are current and accurate. They also make sure you are ready for tax […]Read More
Do you own a business that needs some bookkeeping assistance? Contact us today to chat about how we can help you. There’s a cloud-based bookkeeping software that’s much easier to learn and use than QuickBooks: Xero. You can customize its dashboard, which is nicely organized, user-friendly and easy to navigate. Your display can include bank balances, […]Read More
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