Reasons to Outsource Your Bookkeeping 5 VERY important ones

We’re flexible – if you need to change when you get yours, we can work with you. That’s why it’s important to do your research, read online reviews, and ask friends what services they use. Accountants and bookkeepers can help with tax prep, while it’s all a tax preparer does. That’s why so many companies, […]

Selling, General and Administrative Expenses SG&A Financial Edge

SG&A and operating expenses are mistakenly used interchangeably. Common types of insurance include workers’ compensation and general & professional liability. Insurance costs will vary based on the needs and industry of the business. This sampling risk in audit means the cost of shipping supplies and shipping transportation. Outside factors such as fuel cost and government […]

How to Perform a Year-End Clean Up on Your Accounting Books

If you are working with an electronic file, you will need to download the information from the client’s financial institutions or wait for your client to send you PDFs each month. Ensure you have the most recent information and good data before beginning the process. Weekly services are included in our most popular bookkeeping packages. […]

How to Find the Best Virtual Bookkeeping Service for Your Business

There are many aspects of being a business owner that drive success. Christine is a non-practicing attorney, freelance writer, and author. She has written legal and marketing content and communications for a wide range of law firms for more than 15 years. She has also written extensively on parenting and current events for the website […]

With a 70% failure rate of small businesses, people are wasting more and more time not knowing how their business is doing financially Hiring Bookkeeping Consultants, youll know where your money is and how well the business is doing financially.

For businesses generating over 750K in annual revenue or smaller businesses in growth mode, we provide forward-looking financial management and enhanced support. Connect with Bookkeeping Consultants today and gain the peace of mind that comes with having an expert team handle your QuickBooks organization. Take control of your business’s financial standing, make informed decisions, and […]

Liability Accounts: List and Explanation

With smaller companies, other line items like accounts payable (AP) and various future liabilities like payroll, taxes will be higher current debt obligations. One—the liabilities—are listed on a company’s balance sheet, and the other is listed on the company’s income statement. Expenses are the costs of a company’s operation, while liabilities are the obligations and debts […]

Static Budget Definition, Limitations, vs a Flexible Budget

A flexible budget is one that takes into account your actual production and revenue rather than what you originally projected. This represents your best guess at what will be spent and what will be earned. Static budgets may be more effective for organizations that have highly predictable sales and costs, and for shorter-term periods. The […]

Difference between Current Account and Capital Account

These documents may include partnership agreements, LLC operating agreements, or the Articles of Incorporation of S Corporation. On the other hand, in the case of corporate shareholders, the number of issued shares will not increase due to the investment, but the shareholder base will increase. However, if the business is a sole proprietor, there is […]

The Differences in Dates Between a Balance Sheet and an Income Sheet Chron com

Have you found yourself in the position of needing to prepare a balance sheet? Here’s what you need to know to understand how balance sheets work and what makes them a business fundamental, as well as steps you can take to create a basic balance sheet for your organization. A liability is any money that […]