You may think the main purpose of bookkeeping is to be ready for tax time, but you can get a lot more out of your financial reports than that. Here’s how to mine them for information key to your business growth. Use data to make informed decisions If your in-house bookkeeper or outsourced bookkeeping firm […]Read More
Whether you use an in-house bookkeeper or use a professional bookkeeping service like BookWerksTM, keeping your bookkeeper accountable helps ensure the accuracy and integrity of your business’s financial records. Here are several strategies to help you maintain accountability: Expectations, culture and internal controls At the outset, you may want to outline the bookkeeper’s duties, such […]Read More
What’s the point of a balance sheet? It can help you know your company’s net worth, how much money you have made, and where your equity is located. Balance sheets are also essential for attracting investors, securing loans and selling a business. What is a Balance Sheet? The balance sheet provides a picture of your financials at […]Read More
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