Posts Tagged “tips for small business owners”

Time to Stop Paying by Check?

We all used to routinely write checks to pay our bills, but with new technologies and the emergence of more efficient ways to pay, people are using checks less often. While they can still be the right choice in certain situations, there are several reasons we at BookWerksTM bookkeeping company discourage relying on checks as […]Read More

Tips for Entrepreneurs Just Getting Started

Your Bank Account The first thing you need to do, after registering your business with the state, is open a bank account. It is best to have an account separate from your personal account. Open a business checking account first, then a savings account to put aside money for taxes. Many entrepreneurs start with putting […]Read More

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Getting Bookkeeping and Accounting Services for Your Franchise

Every business needs bookkeeping and accounting services.Bookkeeping is the daily recording and organizing of financial transactions, and includes the preparation of financial reports. Accountants interpret and present the data from these reports for tax returns, auditing and business analysis. Franchise owners need both services, but can save a lot of money using a bookkeeper for day-to-day recordkeeping and an accountant for paying taxes and taking deep dives into their financial position. Serving franchisors and franchisees is more complicated for bookkeepers and accountants than helping a regular business, however. There are more layers to the business and more people to serve. The franchisor-franchisee relationship is delicate and must be carefully managed. Using outsourced firms for both franchise accounting services and bookkeeping is a smart strategy. As a leading franchise bookkeeping firm, BookWerksTMassist franchisees in understanding and managing their income, expenses, investments