This last Planning blog is not part of the year end planning session, but more of a once a quarter thing, that you should be doing with your accountant and still just as important as the end of the year planning. Tax Planning should be done...
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How to keep your Books up to date? First you need to remember the old saying: Time is money! So, what is your time worth to you? If you are spending more than 5+ hours a month on your bookkeeping, than you might want to hire someone to take care of...
Bookkeeping seems like a easy thing to do, but here are few mistakes that are pretty common when it comes to bookkeeping. Mistake #1: Not Performing Basic Account Reconciliation *Reconciling your business's books with your business bank...
Bookkeeper, accountant, and CPA what is the difference? Many times, when people will associate all three with as the same job, but when you dig down deeper there is an obvious difference. So, let’s see what the difference is between the three!...
People like to think they know how much they have in their bank account. Or they think they know if their can spend money or not. You’ll be surprised of how many times I hear, “Why do I need to review my financials monthly? Do the...
What are financial Statements? Financial statements are written records that convey the business activities and the financial performance of a company. Financial statements are often audited by government agencies, accountants, firms, etc. to...
Who likes to carry debt? Sure, we all use credit cards and have some loans out there but, wouldn't it be nice to not have to worry about those things? About 15 years ago, I heard of a system called the “Snowball Effect”...
by Gabriel J. Piña COVID-19 has changed a lot of things about the world and how businesses operate. One week we are working a full 40+ hours, the next week the Government has shut everything down. While uncertainty and...
