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. They take on strategic, high-level roles that help companies scale and succeed financially.

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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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AccountingDepartment

NOVEMBER 27, 2024

The analyst will look at the financial statements and any reports generated to determine how the company has performed. FP&A encompasses four aspects of a business. Descriptive Analysis. Using data from the past, descriptive analysis shows what has happened in the business. Diagnostic Analysis.

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xendoo

APRIL 25, 2021

Tax compliant: With up-to-date, accurate records, a bookkeeper can assist you during tax season – helping you maximize deductions and stay compliant. . 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?

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AccountingDepartment

JANUARY 29, 2025

The analyst will look at the financial statements and any reports generated to determine how the company has performed. FP&A encompasses four aspects of a business. Descriptive Analysis. Using data from the past, descriptive analysis shows what has happened in the business. Diagnostic Analysis.

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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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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

FEBRUARY 25, 2022

If that is not the case, you will need to take steps to clean up accounting records or use a catch-up bookkeeping service. . Here are a few: Ensure Financials Are Up-to-Date. If your company requires a set of reviewed or audited financial statements, you’ll need a clean set of books.

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xendoo

DECEMBER 3, 2021

Accurate records ensure reliable financial statements. Our online bookkeepers provide catch up bookkeeping services , so you can focus on the future. . Review Your Financial Statements. Click here to learn more about the key financial statements. . Xendoo is here to help.

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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). In basic bookkeeping and accounting, not all hours are created equal. Monthly Bookkeeping Services Example.

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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? What are the best times to outsource bookkeeping services?

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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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Basis 365

FEBRUARY 10, 2025

When handled by the experts, outsourced bookkeeping services not only ensures accurate financial tracking but also frees up your time to focus on growth and strategy. Lets dive into the top 10 bookkeeping best practices that businesses should outsource to maintain financial health, reduce stress, and achieve long-term success.

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xendoo

DECEMBER 6, 2021

Review Financial Performance. Analyze your business’s performance from the previous year by reviewing your key financial statements. The Cash Flow Statement provides visibility into when cash flows into and out of a business, and how cash balances have changed over a specific time period. Prepare for Tax Season Now.

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xendoo

MARCH 17, 2022

If the bank does not allow view only access, the business owner provides a monthly bank statement to the bookkeeper so that the balances can be tied out and the financial statements can be finalized. . Xendoo offers business owners 24/7 access to their financial statements and tax returns in their customer portal.

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Snyder

AUGUST 12, 2022

Now, let’s take a close look at each of the options: Bookkeeper vs Accountant. The main responsibility for a bookkeeper is to be perfectly accurate, that’s why there has been an increasing transition to using bookkeeping or accounting automation software to avoid mistakes that come from manual data entry.

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Basis 365

JUNE 29, 2023

What is a Bookkeeper? 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. Outsourced Bookkeeper Hiring an outsourced bookkeeper can be a cost-effective solution for small businesses.

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Basis 365

JULY 18, 2024

Recognizing this, Basis 365 has relaunched its Bookkeeping plan , designed specifically for startups and simple businesses. This plan aims to provide streamlined, efficient, and cost-effective bookkeeping services. What are Bookkeeping Services?

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inDinero Tax Tips

JANUARY 1, 2025

Startups that hope to attract venture capital need to be able to provide high-level financial statements to investors. But when it comes time to communicate your vision to stakeholders or pitch investors, youll need these three fundamental financial statements. Accountants operate on a higher level.

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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. The Cost of Catch-Up Bookkeeping .

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AccountingDepartment

SEPTEMBER 23, 2021

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. This isn't just something for accountants. Here's what you should be reviewing each month.

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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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Ryan Lazanis

APRIL 4, 2022

In fact, these are the very steps that I followed to help take my heavily bookkeeping-focused accounting business from scratch to sale in only 5 years. Marketing your bookkeeping services to find new clients. But first, you’ll need a productized service that you can market to get clients. What is a Productized Service?

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PYMNTS

FEBRUARY 20, 2020

“Based on other partnerships in this realm, Taxfyle has found that when bookkeeping services integrate a tax-filing function into their platform[s], customer churn drops by about 30 percent month over month,” the announcement stated. Xero, Square Integrate For Faster Invoice Payments.

Account 87

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Basis 365

SEPTEMBER 28, 2023

If you use an outsourced bookkeeping service, and primarily if it uses a paperless workflow, none of these situations will be a concern. You can spend more time on your business by outsourcing bookkeeping services. Outsourced bookkeepers are responsible for handling your entire bookkeeping from beginning to end.

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xendoo

DECEMBER 15, 2021

The best practice is to consult your updated accounting software or financial statements, which provide insight into your true financial position. The financial statements report revenue, expenses, and profitability, all of which contribute to the Opening Balance. Behind on your bookkeeping? Let’s chat!

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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. Practice active listening : Reading between the lines can be a difficult but eye-opening process.

Tax 105

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xendoo

FEBRUARY 24, 2021

Small business bookkeeping services can support you with everything from simple data entry to offering more in-depth tax filing services and business consulting. Bookkeepers can help you with the big picture aspects of running a small business, such as reviewing options for how to finance your business.

bookkeeping 52

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xendoo

APRIL 13, 2022

These are some of the top signs that it is time to outsource your bookkeeping: You’re spending several hours each week doing accounting and bookkeeping tasks yourself. You plan to get funding through investors or business loans and need accurate financial statements. How much does outsourced bookkeeping cost?

bookkeeping 52

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Basis 365

JANUARY 13, 2025

In this blog, well explore the key reasons businesses are turning to external accounting and bookkeeping service experts, the benefits of this approach, and how outsourcing financial management can position companies for sustainable growth. Cost Efficiency Hiring and maintaining an in-house accounting department can be costly.

Account 52

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GrowthForceBlog

JULY 1, 2020

Contribution Margin is not a number you see on a traditional financial statement- it's a management accounting calculation. If you want to do more than break-even and make a profit , you should understand your contribution margin. Analyzing your contribution margin is the fastest way to get your business to drive profits.

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Basis 365

APRIL 10, 2024

This practice encompasses a broad spectrum of services, ranging from basic transaction coding and bank reconciliations to managing accounts payable/receivable and preparing financial statements. This precision is crucial for maintaining the integrity of financial reporting and avoiding potential fines or legal issues.

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xendoo

AUGUST 2, 2021

When a CPA works directly for your company, they will bear responsibility for the company’s finances, including bookkeeping methods and policies. A CPA can also prepare a company’s financial statements and represent the company when dealing with the IRS. Xendoo pricing is made with your small business in mind.

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xendoo

JANUARY 11, 2021

For example, a bookkeeper that does routine data entry charges less than a CPA (Certified Public Accountant) who’s highly qualified to advise on business strategy or tax planning. “How much do accountants charge for year-round bookkeeping services?” Financial statement — $1,000 to $2,500. Hourly Rates.

Account 52

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xendoo

MARCH 26, 2021

Bookkeepers and bookkeeping services can be a small business owner’s best investment. Bookkeepers save small businesses money by keeping their books in order and providing accurate financial reports – giving the small business owner more time to do what they do best. . Preparing key financial statements.

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Basis 365

MARCH 6, 2024

That's why our outsourced accounting and bookkeeping services go beyond simply crunching data. We understand that a "strong" business rests on a solid financial foundation, driven by efficient processes, accurate data, and a deep understanding of where the business stands financially as well as in the mind of the business owner.

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Basis 365

APRIL 13, 2023

One essential aspect of a successful business is bookkeeping, which involves keeping track of financial transactions, managing accounts, and preparing financial statements. Your bookkeeping needs may change as your business grows or experiences fluctuations in transaction volume.

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