The end of the year is a busy time for tax preparers and bookkeepers. Accountants must have all tax records for their clients gathered to file timely tax returns. Since tax laws constantly change, tax preparers must stay on top of changes throughout the year in order to be sure that tax forms will be correct by the time tax season comes around again. At the end of the year, this task becomes even … [Read more...]
Bookkeeper vs Accountant, What’s the Difference? Who do you need?
The Differences Between A Bookkeeper and Accountant While a bookkeeper and accountant work with numbers, their jobs are very different. Bookkeepers keep records of and classify an organization's financial transactions such as sales, payroll, payment of bills, etc.. The majority of the job is typically spent recording, posting, and verifying transactions in an organizations' accounting software … [Read more...]
Virtual vs Traditional Bookkeeping, Which is right for your company?
What Is A Bookkeeper? A bookkeeper’s job is to maintain complete records of all money that has come in and gone out of the business. Bookkeepers record daily transactions in a consistent, easy-to-read way and their records enable the accountants to do their jobs more effectively.A bookkeeper typically does all of the following:Records financial transactions Posts debits and credits … [Read more...]
10 Bookkeeping Tips for Small Businesses
Business owners face many challenges when it comes to running their venture. It is so easy to get overwhelmed by work that basic bookkeeping tasks can be forgotten. Here are 10 bookkeeping tips for all small businesses: 1. Track all sales and purchase invoices The most obvious yet crucial task you need to start off with is recording ALL your incoming and outgoing transactions. Make sure that … [Read more...]