Posts Tagged “profit and loss statement”

How Outsourcing Your Company’s Bookkeeping can Save You Money

Many small business owners erroneously think doing their own bookkeeping is a cost-saving measure. Actually, hiring a professional bookkeeping service like BookWerksTM to keep your books can be a way to economize. Your labor and overhead costs are lower, professionals work more efficiently and can easily scale up or down, you avoid penalties and compliance […]Read More

Understanding the Difference Between Balance Sheets and Income Statements

someone at computer using bookkeeping software

Professional bookkeeping businesses produce income statements and balance sheets for their clients. These reports are excellent tools for owners of businesses, but are often confused. A balance sheet gives a snapshot of financial situation at a moment in time, while an income statement – or profit and loss statement – measures financial position changes over […]Read More

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Let us Show You how Xero Accounting Services can Help Your Business

With Xero, all your financial data is stored online – so you can access it anywhere, any time, from any device with an internet connection. The accounting application was designed specifically for small businesses, and that’s why, as one of the best local small business and franchise accounting and bookkeeping services, we prefer Xero at BookWerks^TM. It is easy to use and saves so much time, it can transform the way you run your business. It runs in real-time, which means your data is always up-to-date. There’s only one version, so you can connect from the office, at home or on-the-go. No more being tied to your desk! Xero uniquely provides a single platform where small businesses and their advisors can collaborate easily online. You choose who you want to give access to your financial data, then log in and look at financials at the same time, without any complicated steps.