It’s not healthy to only be known for your work ethic, yet that is the situation many small business owners find themselves in. Is your company in the driver’s seat? Take this short quiz: Are you stressed, anxious or exhausted most of the time? How’s your physical health? Your mental health? Do you have a life […]Read More
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
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 report tells you how much money you are making, but […]Read More
This is a continuation of our blog about Bookkeeping questions: What If I Change My Mind About Using an Outside Bookkeeper? Different services have different policies, but at BookWerksTM, your rolling commitment is for 30 days. What Software is Most Commonly Used? Typically, bookkeepers will use either Xero or QuickBooks software. BookWerksTM can use either […]Read More
Wonder how bookkeeping outsourcing services work? Here’s everything you ever wanted to know, with more answers in our next blog: Pricing Many bookkeeping services charge on an hourly basis. However, it’s much better to find a service that bills on a flat monthly subscription basis which can scale up as business grows and your bookkeeping […]Read More
With cloud-based accounting software, anyone can offer virtual bookkeeping services. There are a lot of fly-by-nighters online trying to convince small business owners that this is a new idea. Here at BookWerksTM, we’ve offered remote bookkeeping for years so that our clients don’t have to visit to get their timely, accurate financial reports. “Virtual bookkeepers” will say they offer better prices, but check what services they are actually providing. Make sure you are comparing apples to apples. Check their credentials, reviews and references. If everyone is in Bangladesh, you aren’t going to have much recourse if your needs are not served well. Not to mention, phone calls will be difficult from the US, and their accent may be a challenge. Wherever you are located, working with BookWerksTM will get you our friendly Midwest pricing.