xendoo

AUGUST 9, 2021

Good business bookkeeping is vital for any successful company, both for legal and financial reasons. Accurate information from bookkeeping is not only necessary to know where your business stands financially at a given moment, but it is also essential for strategy planning, managing cash flow, and predicting profitability. .

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Snyder

AUGUST 12, 2022

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. How to choose a bookkeeper? What a small business owner should know: what is bookkeeping?

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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.

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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. . Accurate records ensure reliable financial statements. Review Your Financial Statements. Xendoo is here to help. Reach Out for Help.

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MyIRSRelief

OCTOBER 2, 2023

One of the most important things to consider is accounting and bookkeeping. If you’re new to business, you may be wondering why accounting and bookkeeping are so important. You don’t have a lot of money to spend on accounting and tax services. After all, you’re just starting out, right? To comply with tax laws.

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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

JUNE 29, 2023

Two of the most important roles are the bookkeeper and the controller. In this blog, we'll explore the differences between a bookkeeper and a controller and help you determine which role(s) you need for your business. What is a Bookkeeper? They record transactions, reconcile accounts, and generate financial statements.

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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! What is outsourced bookkeeping?

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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 .

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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

APRIL 25, 2021

Nearly 25% of businesses are behind on their books and nearly 41% of business owners try to do their bookkeeping themselves. Perhaps nothing bad has happened yet, but you know it’s time to catch up on bookkeeping. . Besides being a smart business practice, catch-up bookkeeping provides additional benefits grow growing companies.

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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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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. A virtual bookkeeper can help you automate that and more. Inconsistencies in Financial Statements. Be Ready for Tax Season.

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AccountingDepartment

JUNE 16, 2022

Updated and accurate bookkeeping is the backbone to keeping a business running smoothly. Whether a business owner is handling all of their bookkeeping in-house, or if an outsourced service provider is taking care of it, here are a few reasons why up-to-date bookkeeping is so important.

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xendoo

DECEMBER 15, 2021

Consistent bookkeeping provides the financial insight needed to strategize for long-term success. Even if the books are only behind a few weeks, up-to-date records are crucial for the financial well-being of every business. In this blog post, we are exploring the top 5 benefits of catch up bookkeeping ! .

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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. Outsource Your Bookkeeping .

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Basis 365

APRIL 10, 2024

This is where the concept of outsourced bookkeeping emerges as a game-changer, offering a pathway to not only streamline financial operations but also enhance overall business performance. Cost Efficiency is a Primary Advantage One of the most compelling arguments for outsourced bookkeeping lies in its cost-effectiveness.

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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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xendoo

APRIL 13, 2022

Since starting your business, you’ve likely filled multiple roles–from product and customer service to bookkeeping and sales–at some point. For instance, you’ve probably asked yourself: Should I outsource bookkeeping? Tasks like bookkeeping are ideal to hire outside help. When should you outsource bookkeeping?

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Basis 365

SEPTEMBER 28, 2023

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 is a great option. We'll look at how outsourced bookkeeping can save a struggling business.

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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.

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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. . What does bookkeeping software do?

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MyIRSRelief

MARCH 15, 2023

To apply for an Installment Agreement, you must fill out IRS Form 9465, Installment Agreement Request, and provide detailed information about your financial situation. 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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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.

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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. That's where outsourced bookkeeping comes in. Access to Expertise Bookkeeping requires specialized skills and knowledge.

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LyfeAccounting

OCTOBER 14, 2020

? ?. Today, I’ll be deep-diving into the bookkeeping basics for small business. And by the end of this post, you’ll understand the importance of bookkeeping and how to properly complete your bookkeeping in just a few simple steps. Ready to learn the bookkeeping basics for small business? More simply, bookkeeping.

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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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xendoo

AUGUST 2, 2021

According to the small business organization known as SCORE, roughly 1 in 5 small businesses are sinking as much as $10,000 in bookkeeping costs and other fees. Do you really need a CPA as well as a bookkeeper? . Before you start hiring financial staff, you should consider the needs of your business. What Does a Bookkeeper Cost?

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xendoo

APRIL 20, 2021

Just like a traditional brick-and-mortar business, your eCommerce business needs a good bookkeeping system for essential functions like tracking revenues and expenditures and filing tax returns. If you opt for manual bookkeeping, you’ll need to import all your information from your bank account into your ledger.

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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. Scalability You can adjust services as your business grows without onboarding new hires.

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AccountingDepartment

FEBRUARY 9, 2023

CAS covers a multitude of financial options within a business. CAS providers will utilize technology automation alongside full-fledged advisory services in order to do this. It's an all-encompassing solution that builds on bookkeeping and controller services to make a real difference.

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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.

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

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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.

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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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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. In short, bookkeepers are record keepers.

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AccountingDepartment

DECEMBER 28, 2021

Accountants often specialize in different areas such as taxes, financial statements, payroll, inventory, cost accounting, DCAA compliance, and more. based outsourced accounting, bookkeeping, controller, and advisory services. Explore Virtual Accounting. AccountingDepartment.com provides 100 percent U.S.-based

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