inDinero Tax Tips

JANUARY 1, 2025

When youre building a tech startup, accounting probably doesnt feel very exciting. But, as a Y Combinator funded company and referral partner, weve noticed a pattern: promising startups regularly fail because of poor financial management. Is Your Business Financially Ready to Raise Funding? Accrual accounting is a bit trickier.

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xendoo

FEBRUARY 25, 2022

Taking steps to clean up accounting records can be a big undertaking for small business owners. Hopefully, you started your business on the right foot financially. You may diligently record your accounting transactions or have hired someone to take care of accounting for you. Inconsistencies in Financial Statements.

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xendoo

AUGUST 9, 2021

Careful bookkeeping takes time, and if you are busy running your business, having an online bookkeeper can be a huge time-saver. . Some top online bookkeeping services employ excellent online bookkeepers who can provide the necessary online accounting services to successfully handle your business bookkeeping.

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Basis 365

NOVEMBER 19, 2024

Unlike a full-time CFO, who is employed by the company and dedicated solely to its financial needs, a fractional CFO provides similar services but divides their time among several clients, potentially through an outsourced accounting model. Looking for Accounting Experts? What Does a Fractional CFO Do?

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Basis 365

JANUARY 14, 2025

It demands a sound financial business model and reliable information to guide decision-making. At Basis 365, we provide outsourced accounting and bookkeeping services, acting as the accounting department for our customers. Running a successful business requires more than just a great idea and hard work.

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Snyder

AUGUST 12, 2022

What does an accountant do? What are bookkeeper duties? Sometimes grasping the difference between bookkeeping and accounting can be tricky. Both bookkeepers and accountants work with your finances, both help make your tax reporting a smooth experience. Is an in-house accountant a necessary investment?

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xendoo

DECEMBER 3, 2021

Between catching their breath after tax season and managing holiday traffic and sales, year-end bookkeeping and accounting tasks understandably fall to the bottom of the to-do list. . Reviewing bank and credit card statements to confirm that they match. . Accurate records ensure reliable financial statements.

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Ryan Lazanis

OCTOBER 24, 2022

If you’re having trouble pricing accounting and bookkeeping services for your fixed-price mandates, you’re not the only one (and you’ve come to the right place). Why is Pricing Accounting Services Difficult? Pricing Accounting Services – 4 Steps to Follow. Let’s get started. Table of Contents.

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AccountingDepartment

JANUARY 29, 2025

Financial planning plays a crucial role in this, enabling business owners to drive growth and broaden their operations. If a business owner hasnt focused on this aspect, they need to understand what it is, what it does, and how it differs from regular accounting. What Is FP&A? FP&A encompasses four aspects of a business.

financial statements 110

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xendoo

APRIL 14, 2021

It’s common for a business owner to want to save money on outsourcing bookkeeping services and do it themselves thinking, What can go wrong… it’s just data entry!?” Plus, your financials become more complex as your business grows – more expenses, and ideally more income! But some things still need an expert.

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Basis 365

FEBRUARY 10, 2025

Keeping your business successful requires well-managed financial records, but taking the time and money to build an accounting team can use up resources you cant spare. If youre finding it difficult to keep up with your bookkeeping but dont want to hire an in-person accounting team, its time to consider alternative solutions!

bookkeeping 52

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xendoo

SEPTEMBER 10, 2021

Thankfully, a reliable bookkeeping solution is just a click away. What should you look for in an accounting or bookkeeping service? Today, we’ll highlight five of the best small business bookkeeping service solutions. Online Bookkeeping Service for Your Small Business. Financial statements .

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xendoo

APRIL 25, 2021

Your lender will want accurate financial statements, and ideally, you aren’t scrambling to create them right then and there. What is catch-up bookkeeping? Some of the paperwork and documents you will need to gather for your bookkeeper are: Receipts. Bank and credit card statements. Vendor accounts.

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Basis 365

JANUARY 13, 2023

Whether you offer products or services, administrative and accounting tasks can be tedious and time-consuming. Small businesses can outsource bookkeeping services if they need help managing their finances. What are the responsibilities of outsourced bookkeeping? Bookkeepers are not accountants.

bookkeeping 98

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PYMNTS

FEBRUARY 20, 2020

As Open Banking spreads further into the small business (SMB) financial services market, accounting and lending platforms are taking advantage. In a statement, Simply COO Ylva Oertengren said that Open Banking and data integrations can expand a lender’s view of a small business beyond the credit score.

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MyIRSRelief

MARCH 15, 2023

Tax professionals, such as certified public accountants (CPAs), EAs enrolled agents and tax attorneys, can help you navigate the complex tax laws and negotiate with the IRS on your behalf. Depending on the amount of your tax debt and your ability to pay, the IRS may require you to set up automatic payments or provide a financial statement.

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AccountingDepartment

DECEMBER 28, 2021

The end of the year is a great time to review your accounting practices. Here are some of the ways you can benefit from outsourced accounting services. Virtual Accounting Is More Than a CPA. Good CPAs are valuable to any business, but they only handle part of your accounting needs. Reduce Costs.

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xendoo

DECEMBER 6, 2021

Analyze your business’s performance from the previous year by reviewing your key financial statements. This statement provides insight into cash, inventory levels, Accounts Payable (money owed to others) and Receivable (money owed to the business owner), credit card and bank balances, and the equity in the company.

bookkeeping 98

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xendoo

MARCH 17, 2022

Historically, small business owners would partner with a local accounting firm, hire an in-house bookkeeper, or do the bookkeeping themselves with a calculator, pencil, and paper. . The bookkeeper will have view-only access to the business owner’s bank account, to reconcile business transactions during the monthly close process.

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xendoo

FEBRUARY 24, 2021

A small business bookkeeper or bookkeeping service can support you with everything from simple bookkeeping to offering more in-depth tax filing services and business consulting. Small business bookkeepers and bookkeeping services can save small businesses money in many different ways.

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AccountingDepartment

FEBRUARY 9, 2023

Yet this isn’t necessarily the case — particularly regarding client accounting services (CAS). But why are these services so important? Far from the resource-intensive service many small and medium-sized enterprises perceive it to be, CAS can utilize what businesses already have to propel growth.

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Basis 365

JUNE 29, 2023

A bookkeeper is responsible for maintaining accurate and up-to-date financial records for a business. They record transactions, reconcile accounts, and generate financial statements. In addition, bookkeepers typically handle day-to-day financial tasks such as invoicing, accounts payable, and accounts receivable.

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Basis 365

JULY 18, 2024

This plan aims to provide streamlined, efficient, and cost-effective bookkeeping services. This article will explore the details of Basis 365’s offering, define bookkeeping services, and explain the differences between outsourced bookkeeping and outsourced controller services. What are Bookkeeping Services?

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Basis 365

JANUARY 13, 2025

Whether managing cash flow, ensuring compliance, or scaling operations, effective accounting plays a critical role in long-term success. However, as these demands grow, many businesses are moving away from traditional in-house accounting solutions and embracing external accounting expertise.

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Anders CPA

JUNE 17, 2024

Why Do Marketing Firms Need Accounting Services? Even as accounts receivables trend upward, so do accounts payables. When this happens — usually around the $3 million revenue mark — agencies should consider outsourced accounting services. How Do Marketing Firms Benefit from Specialized Accounting Services?

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AccountingDepartment

SEPTEMBER 23, 2021

This isn't just something for accountants. Financial statements give insight into the health of all areas of the company as well as how it's achieving its goals. One of a CEO's most important tasks is staying on top of the company's numbers. Here's what you should be reviewing each month.

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xendoo

JANUARY 11, 2021

For many small business owners, accounting is definitely not their area of expertise. They know they’re probably making mistakes and missing opportunities that a pro would spot right away, but they don’t know if accounting services will save more than they cost. “How much do accountants charge to do taxes?”

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xendoo

DECEMBER 13, 2021

In addition to being worried about how you’ll get caught up, you may also be concerned about the catch-up bookkeeping price you’ll have to spend to bring your financial data up-to-date. Most business owners find that catch-up bookkeeping services are well worth the price. Why Catch-Up Bookkeeping Is So Important .

bookkeeping 83

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Ryan Lazanis

APRIL 4, 2022

Do you want to know how to start a bookkeeping business or accounting firm in 2022? Great news, because this step-by-step guide will cover the critical 7 steps you’ll need to follow to set up a modern bookkeeping practice and to land your first clients. Marketing your bookkeeping services to find new clients.

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xendoo

MAY 19, 2021

Handling your own bookkeeping and accounting may seem like an easy corner to cut, but the chances are that you’ll pay for it in one way or another. . There are many online accounting services available. An experienced Florida accountant can help you with more than just the books. What about an eCommerce business?

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KROST

MARCH 1, 2021

Korman, CPA, MST , earned a certificate in AICPA’s Client Accounting Advisory Services course. Q: What is Client Accounting and Advisory Services (CAAS)? Client Accounting and Advisory Services (CAAS) is a certificate program that has been developed by the AICPA. Learn more about Stacey.

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xendoo

DECEMBER 15, 2021

In this blog post, we are exploring the top 5 benefits of catch up bookkeeping ! . The Opening Balance is the amount of money in your bank account at the beginning of a new financial period, such as the start of the month. Catch up bookkeeping corrects these issues and provides clarity and accuracy in your financials.

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xendoo

MARCH 18, 2021

It’s time to go beyond merely tracking the ins and outs of your books and to start focusing on accounting and the financial health of your growing business. Choosing an online accounting service for your small business is the best way to keep your books updated, in compliance, and thriving. But it is no small task!

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CPA Practice

DECEMBER 13, 2023

Clients that struggle to get their tax paperwork together for your appointment are illustrating their need for a bookkeeping service that may be more affordable than they imagine. Offer Business Performance Insights Business owners that use external tax preparation services often do not have in-house managerial accounting expertise.

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Reckon

APRIL 6, 2024

Much like those people who don’t understand the difference between Aussie rules, league and association football and call them all footy, a number of small business owners use the terms accounting and bookkeeping interchangeably. An easy start is to say that an accountant can be a bookkeeper but a bookkeeper isn’t an accountant.

bookkeeping 52

bookkeeping accountant accounted Account 52

Basis 365

SEPTEMBER 28, 2023

Many businesses are unable to afford to hire an accounting team. Even if an organization has an accountant on staff, it's not their responsibility to prepare cash flow reports or income statements. A bookkeeper does not perform all of the daily tasks. Outsourced bookkeeping services have lower overhead costs.

bookkeeping 52

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AccountingDepartment

JANUARY 5, 2023

Doing so leads to the data needed for the creation of financial statements that can guide strategy and decision-making for business owners. With 2022 behind us, it's time to start focusing on closing the books for the year and putting 2023's goals in the sights of business owners.

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