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: What Does a Bookkeeper Do? Key responsibilities of a bookkeeper include getting […]Read More
Outsourcing the role of bookkeeping is a good choice, particularly for small businesses that do 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 your financial transactions […]Read More
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 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 know […]Read More
Small business owners wear a lot of hats. That’s why it can be daunting to realize bookkeeping is a critical task. Skipping the chore of recording financial transactions and leaving it all to your accountant at tax time won’t cut it. Professional bookkeeping help allows you to organize, store and analyze financial information. With this […]Read More
A very qualified CPA, one that would be on my shortlist to call should I ever get a letter from the IRS, once said, “any small business owner should handle their own bookkeeping, because it’s easy.” Sure it is, IF YOU ARE AN ACCOUNTANT! He just didn’t’ get it. Just who are these owners? Are […]Read More
Many small- to medium-sized businesses outsource their bookkeeping. It only makes sense: you save time and money, while getting regular, accurate, up-to-date financial reports that help you make smart business decisions. For a long time, the best outsourced bookkeeping choice was a local firm near your business, that you could conveniently visit as needed. Cloud-based […]Read More
Many small-to-medium businesses do their own bookkeeping, but find it a hassle and have a hard time keeping up with daily recordkeeping. A free bookkeeping consultation with BookwerksTM can help you determine whether using an outside firm is right for you at this time. How BookwerksTM Can Help Bookkeeping is the practice of tracking financial […]Read More
What tasks do you perform for your business that give you the most return on your investment? Is bookkeeping one of them? Doubtful. Sure, you need up-to-date, accurate numbers so you know how you’re performing, but in and of itself, keeping the books does not generate any income. What if you could outsource this job to […]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
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