Outsourcing the role of bookkeeping is a good choice for small business owners—particularly when your small business does 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 […]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 issues 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 […]Read More
Small business owners wear a lot of hats. It’s no wonder bookkeeping is not always top of mind. Some small business and franchise owners are actually fuzzy on what bookkeepers do. But skipping the chore of recording financial transactions and leaving it all to your accountant at tax time is a risky practice. Professional bookkeeping […]Read More
Wondering “Why should I use a bookkeeping service?” 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 […]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 record-keeping. A 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 transactions so […]Read More
Many tasks you perform for your business give you a high 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 a cost-effective service […]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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