Posts Tagged “tips”

Prevent Bad Bookkeeping from Hurting Your Small Business

A lot of small companies have a staff or family member without any accounting or bookkeeping experience record their transactions, which seems cost-effective, but can be a bad decision in the long run. The money you “save” could actually be costing you. What Can Go Wrong It doesn’t take much for a bookkeeping error to wreak havoc […]Read More

Searching “Bookkeeping Services Near Me?” Choose Value

Many people with as little as one bookkeeping course keep small company books, but professional bookkeeping companies offer much more value. Bookkeeping firms manage account records, produce financial reports, and monitor revenue, spending and invoices. They analyze documents to make sure accounts are current and accurate. They also make sure you are ready for tax […]Read More

Finding the Best Cincinnati Bookkeeping Services and Software

Do you own a business that needs some bookkeeping assistance? Contact us today to chat about how we can help you. There’s a cloud-based bookkeeping software that’s much easier to learn and use than QuickBooks: Xero. You can customize its dashboard, which is nicely organized, user-friendly and easy to navigate. Your display can include bank balances, […]Read More

Why Should I Use a Bookkeeping Service for my Cincinnati Business?

someone at computer using bookkeeping software

Business owners often think it is less expensive to do their own financial record-keeping, but you may be surprised to learn that is seldom the case. Here are some reasons why: Time is money. Hours you spend tracking sales, classifying expenses, reconciling accounts, recording payments and creating monthly reports could be spent serving your customers, and […]Read More

What Does a Bookkeeper Do?

Bookkeepers manage client accounts, produce financial reports, and monitor revenue, spending and invoices. They analyze financial documents to make sure accounts are current and accurate, using specialized software, spreadsheets and other tools. Businesses of all sizes do their own bookkeeping, but many others hire outside experts, because it usually saves them time, money and hassles […]Read More

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Finding Skilled Restaurant Bookkeeping Services

Finding a professional bookkeeping service that knows how to keep restaurant books correctly can be tricky. Bookkeeping services that manage restaurants’ finances must keep a defined, simple Chart of Accounts. They should break sales and direct costs into Food, Beer, Liquor and Wine, and break payroll down by Front of House, Back of House, Management and Owner. They should maintain Rent, Utilities, CAMs and Security as occupancy expenses. A cloud-based point of sale system that allows for ad hoc and on-the-spot reporting is critical. Work with a payroll provider that tracks the FICA tip credit and can run departmental payrolls. Keep a daily cash report connected to drawer and safe balances. For any ‘paid-out’ expenses, ensure amounts are recorded and receipts are attached to the report. Have all credit card tips paid on employee’s regular paychecks. Paying tips from the drawer amounts to giving short-term loans to your employees.