POSTS TAGGED : bookkeeping

Services Offered by a Bookkeeping Company

If you have been running a business for some time now, you must have hired a bookkeeping service provider at some point. Every company needs to have a trustworthy bookkeeping partner.

Bookkeeping tips

Having an experienced and competent financial expert working hand in hand with you can only do wonders for your company. You can determine whether the company that offers bookkeeping services is efficient by their accuracy, punctuality, and error-free record keeping.

But what are the specific tasks you can expect from a bookkeeping service provider? Here’s a list of services provided by most bookkeeping companies:

Prepare Financial Statements

A good bookkeeping service provider will prepare financial statements that include balance sheets, income statements, cash flow analysis, and other accounting reports needed for your company.…

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Accounting Advice: Top Ways to Save Time and Money With Bookkeeping

Are you one step ahead of your competition?

Every day, more people choose to start their own company. Research shows that small businesses make up 99.9% of United States businesses! That means everywhere you turn, there’s a small business competing with you for customers.

Bookkeeping tips

If you want your business to thrive, you have to know how to maximize your time and money. That’s why we’ve put together this short guide, with the best accounting advice, for small business owners, just like you. Stay ahead of your competition, by keeping your business finances in top shape.

Read on to learn the right way to do bookkeeping inhouse.…

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5 Reasons Small Businesses Should Outsource Their Bookkeeping

Few small business owners relish the thought of going over their books on a regular basis. Of course most have good intentions, and may even make a good start by setting up a rudimentary bookkeeping process and keeping track of income and expenditure, but usually the day to day grind of running the business takes priority and everything starts to fall behind.

Often the best course of action is to outsource the work to a qualified professional. Here are five reasons you should consider working with a provider of bookkeeping services in London.

Outsource bookkeeping

  1. Expert Guidance. Anyone who runs a business, even as a freelance contractor working out of their spare room, will be faced with tax and accountancy scenarios that they need accurate answers too.
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Setting Up Point of Sale (POS) Software

If you run any sort of retail business, you are almost certainly already using some sort of point of sale (POS) system. The old-fashioned cash register, limited as it is, is a very basic POS system. However, current computer technology means today’s POS systems can be extremely powerful, allowing adaptation to many different business models and maximizing flexibility in operations.

In addition to reporting that can present sales data in a dizzying array of formats, you can introduce such innovations as loyalty programs with specialized pricing. Though it might seem daunting, setting up point of sale software is actually relatively easy.…

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Small Business Owners: Beware of Fraud

business fraudSmall business owners have a higher risk of identity fraud than other adults according to a recent study co-sponsored by ITAC, the Identity Theft Assistance Center, and The Financial Services Roundtable.

The Javelin Strategy & Research 2010 Identity Fraud Survey Report found that overall identity fraud grew by 14% in 2009 to 11.1 million adults, in part due to the economic downturn. Small business owners are one-and-a-half more times likely to be a victim than other adults

“The higher incidence of identity fraud among small business owners is probably due to the fact that they have more accounts and conduct more transactions,” said ITAC President Anne Wallace.…

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