Category Archives: Bookkeeping

Bookkeeping is necessary for your business to stay balanced. Here is a compiled list of references on bookkeeping that good accountants believes to be vital to your knowledge on the subject.

Make Your Business a Pillar in the Community, Not a Trend with Financial Guidance

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If you want a new business to make it in today’s economy, it’s all about the numbers. It’s reported that 80 percent of new business owners will fail in the first 18 months after they open their doors, often because of poor money management by the business owner. Not just overspending, but not saving, investing and budgeting where it’s necessary all play a part in new business failure. With bookkeeping services for small businesses, this chaos can be avoided.

A professional bookkeeper or CPA will look at the costs you have to run your business, as well as your profits, to see where you need to save money and where you could potentially save money. The bookkeeper will budget all of your business accounts, like the checking account, payroll account and savings or investment accounts. If you have loans on any equipment or other items, they will also help manage the loans.

The idea when owning a small business is to minimize or eliminate debt. This allows you to be as profitable as possible and reduces your risk of bankruptcy. The bookkeeper can help you pay off the loans you have faster, so you can gain more equity in your assets and your business. They will also be a valuable source of information for tax related matters.

You want to find a CPA that does bookkeeping services for small businesses who is also a tax expert. Many CPA professionals are also tax accountants, and they can help you pay less to the government. They will let you know what purchases to make to write off expenses, how you can save on payroll tax, and what amount you should to donate to charity.

The accountant can come in and do a financial analysis of your business to see if you are missing money, losing money, and what is going wrong. They will reform your budget, create a new plan for you to follow, and help you start investing your money more wisely so you can put money back into your company and plan for the future. Find an accountant to get you on the right financial path at Goodaccountants.com.

Importance of an Honest Bookkeeper and How to Find the Right One

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trust is an important factor when you need to find a bookkeeper

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In a world where trust is a luxury that can be hard to find, being able to work with someone you can put your faith in is especially treasured. While this is true in for any industry or position, it’s even more so when money is handled and the future of livelihoods and a business could be at stake.

Unfortunately, it’s not uncommon to find headlines revealing that yet another bookkeeper is being charged with stealing thousands of dollars – sometimes by making off with cash payments, taking inventory or even through elaborate skimming schemes.

If you find a bookkeeper that is dishonest or incompetent, it can cause your organization to lose money or even set it up for financial disaster. A single miscalculation or a misplaced decimal point can be catastrophic. But don’t make the mistake of thinking it’s better for you to handle the job yourself. If you’re the owner of the business, your time is better spent on taking care of tasks that you do best, like growing your organization – and, if you don’t have extensive experience and training in bookkeeping, you could easily make mistakes yourself, damaging your own business.

If you think that you can find a bookkeeper that’s trustworthy by hiring a friend, your spouse or another family member, keep in mind that that’s often not the best idea either. Unless they have an extensive background in bookkeeping as a professional, there’s a good chance that your books will be incorrectly completed, and some mistakes can have devastating effects on your cash flow.

The good news is that for every bookkeeper that is doing it wrong, there are many more that are honest, competent and doing business the right way. The easiest way to find a bookkeeper who can be trusted to do the job right, is to turn to GoodAccountants.com who can help you find the very best one for your business by utilizing sophisticated search features. Not only will you be able to choose the one that’s right for you and your organization, over the long run you’ll likely save a substantial amount of money that you can reinvest back into your business.

Trying to Find a Bookkeeper- Avoiding the Bad

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Bad bookkeeping can catch up with you in a number of unpleasant and unforeseen ways. For some businesses, it may be that you don’t notice employee theft or financial losses in one segment of the company, while for others, poor bookkeeping may mask the fact that the company is failing. In some cases, bad bookkeeping can lead to audits from the IRS and even financial or legal penalties.  The bottom line? While hiring a novice bookkeeper may save you a bit of money initially, it almost always costs you more in the long run.

Even when hiring a bad bookkeeper doesn’t cost you in fees or penalties, it still costs your business money. Eventually, either you or someone you hire will need to go back through your accounts and figure out where money was coming in and going out. If you do it yourself, you are looking at lost time that could be spent performing other tasks, while hiring someone is a direct financial expense that is best avoided when possible. Because there are so many risks when you are looking to find a bookkeeper, it is important that you make sure you have hired someone who really knows what they are doing and who will take the time to do it right.

Hiring an experienced bookkeeper helps you make sure that things are getting done the right way. It keeps your invoices going out on time, avoids costly payroll mistakes, enables you to track labor, and creates that all important paper trail so that you have everything you need at your fingertips in the unlikely event of an audit.  A good bookkeeper also helps to reduce your chances of being audited in the first place.

If you are trying to find a bookkeeper, the do it yourself approach might not be the best.  Instead, put your trust in GoodAccountants to help you find a bookkeeper in your area who can do the job properly. Getting the right bookkeeper is about more than finding the best rate, it is about finding the person who is the most qualified and will do the best job- something we specialize in!

Vivian Alvarez: Featured Accountant in Miami, Florida

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Vivian alvarez is this months featured accountant in Miami, FlIf you thought it would be difficult to find the ideal accountant in Miami, Florida for your personal or business needs, you’ll be happy to hear about our next featured accountant. Vivian Alvarez offers a wide variety of accounting services for individuals and businesses of all types.

Business accounting services

Running a successful small business requires an extensive amount of time and energy, which must be used optimally in order to succeed. Utilizing business accounting services offered by Vivian Alvarez will allow you to concentrate on the most important tasks needed to grow your business, while she provides you the peace of mind knowing that you have an expert ensuring that your accounting is handled in the best possible way. She works to help you save time and money so that you can spend more time working on the aspects of your business that will increase its bottom line.

Bookkeeping services

The last thing a business owner should be doing is sitting up late at night trying to figure out what needs to be paid and when. As part of her bookkeeping services, Vivian Alvarez can manage accounts payable and accounts receivable as well as provide you with regular and easy-to-read financial reports that allow you to spend time working on your business. It also can prevent burnout, which often occurs when the business owner tries to take on too many different responsibilities.

Business and personal tax preparation

Vivian Alvarez offers both business and personal tax preparation. No matter which industry, she is able to prepare and file corporate tax returns in addition to assisting with tax planning which can help reduce taxes next year too. Personal tax preparation services are provided in order to help individuals minimize their taxes while maximizing their return by taking advantage of every eligible tax deduction.

If you’d like to find out more about Vivian Alvarez and how she might help you, just head to her Good Accountants featured profile. Or, for almost instant access to an outstanding accountant in Miami, Florida, you can get in touch with her directly here.

10 Questions to Ask When You are Trying to Find a Bookkeeper

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Keep Calm and Find a Bookkeeper from goodAccountants.comWhen you want to find a bookkeeper, you need to ask the right questions in order to be sure that you are hiring a person who will be a good fit for your company. Using the right strategies during the hiring process can save you a lot of work later on. These are 10 questions that you should ask before making your decision:

  1. What bookkeeping services do you offer?
  2. What types of clients do you typically work with?
  3. Do you handle the work on your own, or do you have a staff to help with the projects?
  4. Do you have experience with tax documents, including managing payroll information and quarterly payments to prepare for annual tax preparation?
  5. What steps will you follow to ensure that my information is kept secure?
  6. What computer accounting programs are you experienced with?
  7. How many hours a week will be needed to manage my books?
  8. Do you prefer to work remotely or in-person at our officer?
  9. What is your education and certification?
  10. Will I need to purchase any computer programs?

In addition to these questions, you should also talk with your bookkeeper about their hourly billing rate as well as their billing practices. When you find a bookkeeper, it is important that you discuss payment details with them before hiring them, so that you are both on the same page in terms of the cost of their bookkeeping services.

Be sure to ask if they charge additional fees for services, such as payroll fees. It is also a good idea to put a weekly or monthly cap on their hours, to make sure the fees are staying within your limits. Some bookkeepers charge a flat monthly fee, and there is no need to discuss an hourly cap with the monthly services.

One of the easiest ways to find a bookkeeper in your local area is to look through the bookkeepers that are available through GoodAccountants.com. As you browse through our website, you will see that we have bookkeepers available in many different areas, and they are all highly qualified and available to help with your bookkeeping needs.

5 Important Things to Consider When You Find a Bookkeeper

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If you own a small business, then it is a good idea to find a bookkeeper who can help with managing your financial records. The right bookkeeper can help you to manage cash flow and cut costs within your company. There are a few things that you need to think about before choosing a bookkeeper who is the right fit for your business:

Find a Bookkeeper

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  • Education: Just because someone is good with numbers doesn’t necessarily mean that they will be a good bookkeeper. Consider the accountant’s level of education, and make sure they have had formal training and have learned about ethics, tactics, strategy, procedure, and policies relating to accounting.
  • Experience: Ask the bookkeeper about their experience, and look for someone who has as much experience as possible. You will want to consider the balance between experience and cost, because bookkeepers with more experience will also charge more money. So, determine your price range, and then find someone within that price range who has the most experience. You may also find a bookkeeper who has experience in your industry.
  • Software and Technology: There are many great tools available to make it easier to manage your business books. Find a bookkeeper who is familiar with technology tools, such as integrated banking solutions, electronic bill management, online banking, and other time saving features.
  • Reconciling, Reporting, and Data Entry: The basic task of data entry to keep up with daily and weekly transactions is important, but you also want to find someone who is familiar with reporting and reconciliation. They need to make sure the information is being tracked with accuracy. Also, the purpose of tracking the numbers is to analyze the data, and reporting tools can help you to see the bigger picture so that you can make effective decisions in your company.
  • Tax Preparation: Tax season is a busy time of year for many companies, and most business owners don’t have the experience to handle their taxes on their own. Your bookkeeper can help you gather the information that is needed for your tax accountant, so that your taxes can be prepared quickly and efficiently.

Before you choose a bookkeeper to work with, you should talk with them about each of these points so that you can make sure they are a good fit for your company. At GoodAccountants.com we have a variety of bookkeeping professionals for you to choose from.

Different Type of NFL Draft: How to Find a CFO Service

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Different Type of NFL Draft: How to Find a CFO Service

Find a CFO Service

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During this time of year, there is often a lot of discussion about the NFL draft. Avid football fans get excited about the picks for their favorite team, and it is a fun time to make predictions about how the season will play out based on the new lineup. This year, one new hire wasn’t noticed by many of the fans though: the Miami Dolphins hired a new chief financial officer, Chris Clements.

As with any company, an NFL team is a business, which means that they need to find a CFO service to help with managing the books and cash flow. Many companies choose to hire a full time CFO, like the Miami Dolphins did. But, there are other options as well, and one growing trend is to find a CFO service which allows you to benefit from the expertise of a CFO without hiring them as an internal employee.

Advantages of a CFO Service

One of the biggest advantages to using a CFO service instead of hiring someone independently is the fact that you will save a substantial amount of money. By outsourcing the CFO position, you can save money on high salaries, recruiting fees, payroll taxes, and health benefits. These costs can really add up over time, which can have an impact on the cash flow of the company.

Some of the CFO tasks can be handled by other executives in the company, because their responsibilities overlap with the responsibilities of other employees. So, if you are looking for a way to save money, then you can have other executives handle those responsibilities, and then hire a part-time CFO service to handle the financial discipline of the company.

Why a Skilled CFO is Important

Saving money is important, but it is even more important that you don’t sacrifice the success of your company by neglecting the financials. When you find a CFO service, you can have the peace of mind to know that you are working with an experienced executive, who can help with tasks such as financial planning, strategic cash flow decisions, reducing expenses, increasing profit, and overall improvement of the financials of your company.

GoodAccountants.com has a variety of CFO professionals for you to choose from, contact us today and we will help you to find a professional that matches your needs.

David Love: Featured Accountant in Charlotte, NC

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accountant in Charlotte, NC,

http://www.goodaccountants.com/davidlove

If you want to find an accountant in Charlotte, NC, then you need to make sure that you are selecting someone who is highly skilled and brings a lot of experience to your project. David Love has an established CPA firm in the Charlotte area, and his expertise covers a wide range of both business and personal services. He has been working in the accounting industry for 18 years, and provides personal attention to the needs of each of his clients.

David Love has a Masters degree in Accounting from the University of Georgia. After graduating, he worked for a large CPA firm before starting his own CPA firm in 1988. He can offer a unique perspective on your financial situation, because his background includes both private and public accounting. If you want a qualified accountant who will promptly respond to your inquiries, and take the time to become familiar with your specific needs, then David Love is the accountant that you should hire.

A variety of small business accounting services are available, including bookkeeping, general business accounting, forecasting, budgeting, preparing financial statements, financial advising for new businesses, assisting with business loans  and financing, and IRS representation. He can also help with setting up a new business to implement effective financial systems, as well as taking care of incorporation details or any other needs that may arise as you are getting your business off the ground.

David Love is also very skilled with tax planning and preparation, for both individuals and businesses. He can help with tracking financial details throughout the year, so that you are prepared for tax time. He also offers services to prepare tax returns for both corporations and individuals, including local, state, and federal taxes. His experience makes him a great asset to your company if you need assistance with  a situation where you are facing an IRS audit.

You will be happy with the accounting services that David Love has to offer, and we invite you to contact him through his GoodAccountants.com profile page if you are looking for an accountant in Charlotte, NC.

Brenda Kommareddy: Featured Accountant in Sherman Oaks, CA

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If you are in the process of trying to find an accountant in Sherman Oaks, CA, then you might be overwhelmed by the many options that are available. How do you know which professional is the best option to help with your finances? Choosing a qualified accountant is a critical part of running a successful business, and they can also assist with your personal accounting needs as well.

Brenda Kommareddy is one of the leading accountants in the area, and we are pleased to feature her here on GoodAccountants.com. If you are in need of a good accountant in Sherman Oaks, then there is no need to look any further, because she can take care of all of your financial needs.

One of the advantages of working with a highly skilled accountant is the fact that they can help you to analyze your financial situation, so that you can make good decisions to fit the current situation of your company. For example, an experienced accountant can help you to track all of your income and expenses on an ongoing basis, and by using that information they can put together a good plan to help you manage cash flow throughout the month. This cash flow analysis can be very beneficial for the long-term success of your company, because the accountant can help you to anticipate annual costs such as taxes or property rental fees.

Brenda Kommareddy: Featured Accountant in Sherman Oaks, CA

http://www.goodaccountants.com/brendak

Some of the services offered by Brenda Kommareddy include individual services such as estate planning, tax preparation, and personal financial planning. Additionally, she has a wide range of business services, such as corporate taxes, tax planning, small business accounting, cash flow management, strategic business planning, litigation support, payroll management, auditing, succession planning, and much more.

Whether you are looking for tax support, or a way to improve your financial management, or you simply need someone to advise you on your financial situation, then you should contact Brenda Kommareddy right away. She is an experienced accountant in Sherman Oaks, CA, and she is available to help with anything that you need assistance with. You can contact her through her profile page here on GoodAccountants.com

Bookkeepers Can Manage Your Books From the Cloud

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bookkeepers now use cloud computingThe digital age is quickly changing trends in many industries, and bookkeeping is one of the services that is making the transition to cloud management. For many years, bookkeepers were tied to the office to manage the financial records for a company, but the recent changes now allow them to work remotely. Even when cloud management became available, it still took a little while for accountants to start using the digital options, mainly because they didn’t understand the technology and they were cautious about the security of storing the information online.

Is Cloud Management Secure?

The biggest hesitation that most people have to cloud management is the fact that they were concerned about whether their information was secure when it was stored online. There is no need to worry about the security of your data, as long as you are using a trusted program. In fact, there are certain bookkeeping programs which pride themselves in the level of security for their website and cloud service, and they take extreme measures to be sure that your information is safe.

When you talk with bookkeepers, you will see that many of them are comfortable with the security of cloud storage. They have experience working on the cloud, and they have seen the ease of use that is available when their clients are willing to manage their books digitally.

Finding Bookkeepers Who Understand Cloud Accounting

The majority of the bookkeepers today already have the skill set to use various cloud programs, such as Quickbooks, Zero, and MYOB. When you hire the bookkeeper, they will be able to step right into the project, because they already know how to use the system. Before you hire them, you might ask them about their experience with the program that you are using, or sometimes people ask their bookkeeper for recommendations.

The great thing about cloud bookkeeping is the fact that you can work with a bookkeeper located anywhere. Try looking on GoodAccountants.com to locate a bookkeeper who can help to manage your financial records. Location doesn’t matter when they can access your books from any computer, so you can be more selective about the person that you want to hire.