Your Partner for Bookkeeping Services and Operational Support
Contact Us: 888-631-8922 

Learn More

What are you interested in learning more about?

×

Business Advice


How to Choose the Right Payroll Provider for Your Business

January 7, 2020 / by John Gleason posted in Small Business Advice, Metrowest, MA, North Shore, Bookkeeping Services, Tips for Startups, Business Advice, Central MA

0 Comments

One of my clients' biggest concerns is finding the right payroll services company. And since we provide bookkeeping and controller services, they often ask us for recommendations.

There's a simple reason that this issue is so important to employers: because it's important to their employees. If your employees aren't getting paid on time, or if there are frequent issues with their withholding, bonuses, commissions or paid time off, you've got big problems.

Fortunately, there are plenty of capable, trustworthy, employee-friendly providers out there. Here's what to look for to ensure you get the payroll services you need to keep your employees happy.

Accuracy, Timeliness and Accessibility 
In an earlier blog, I covered most of the basic things you should look for when selecting a payroll services provider, such as affordability, scalability and security.

Read More

5 New Year's Resolutions for Your Business

January 2, 2020 / by Sandra Finerghty posted in Small Business Advice, Bookkeeping Services, Business Advice, Durham & Chapel Hill, NC

0 Comments

The start of a new year is an ideal time for businesses to review and renew, and to resolve to make this year better than the last. Here's a five-step checklist to get your business started — or restarted in 2020.

Step 1: Review Your Business Plan 
You remember your business plan, don't you? Creating it was one of the many items on your checklist leading up to your launch. And while it probably contained a fair amount of boilerplate language, it likely served as a pretty good roadmap for your prospective business from day one all the way through your exit strategy.

You might be surprised how much you could gain by reviewing your plan today. Whether you're ending year one or year four of your five-year plan, it can be helpful to remind yourself of what your original goals were, along with your projected trajectory for achieving them. Has your business substantially changed since the day you opened your doors? If so, why? Is it because the market has changed? Or is it your company that's changed, based on what you've learned along the way?

Read More

Managing the Books for Digital Media Companies

December 24, 2019 / by Jennifer Yousem posted in Bookkeeping Services, Business Advice, Queens, NY

0 Comments

The biggest change in media companies over the last two decades is the shift away from physical products — printed magazines, books, newspapers, catalogs, etc. — toward digital content such as blogs, native advertising and video.

Many people assume because there's no physical product in digital media, costs are automatically lower than in traditional media. This is simply not true. The digital ecosystem comprises many different fees, residuals, royalties and so on. Moreover, the abstract nature of these costs can present a bookkeeping challenge.

Five Percent of What?
The abstraction inherent in digital media can make it difficult not only to determine both revenue and costs, but also to clearly spell out the system of measurement. From publishing content to purchasing digital ads, it can be hard to tell exactly where your budget goes. If you're running an ad campaign on social media, for example, are you paying for clicks or conversions?

Read More

Power Your Business Growth

December 19, 2019 / by Lori Coleman posted in Small Business Advice, South Shore, MA, Bookkeeping Services, Providence, RI, Business Advice

0 Comments

As your business starts to grow, two things happen: 1) You have more demands on your time. 2) You need financial insight to prioritize that growth.

Professional bookkeeping can help you address both challenges.

Financial Data Provides the Key to Growth
From meeting with prospective clients to managing your team, your day is full. Are you using your precious time as wisely as you can? As a business owner myself, I know how difficult it is to keep up with everyday business tasks, let alone set aside time for strategic planning.

The trick is to manage your time investments by leveraging focused financial information to inform your decision making. A cutting-edge outsourced bookkeeping services provider can furnish the kind of detailed financial intelligence you'll need to drive your company in the direction you want it to go.

Read More

Tips for Creating Your 2020 Business Budget

December 10, 2019 / by Mark Schanen posted in Small Business Advice, Bookkeeping Services, Tips for Startups, Business Advice, Milwaukee

0 Comments

Creating a business budget for 2020 will not only benefit your business in the next year, it will help establish a roadmap for success well into the future. A year ago I explained why your business would benefit from having a budget. This year, I'll get into the details of how to create one.

The primary benefit of having a budget is that it sets parameters. It forces you to make reasonable assumptions about how much your business is liable to spend in the coming year. That, in turn, helps you figure out how much income you'll need to cover your immediate expenses and also plan for long-term investments in the business.

While a budget is never exact, it's not just a wild guess, either. A budget's main value is to create an accountability tool. By setting a budget, you create a gauge for determining whether a particular initiative is working or whether you should change course before sinking more time, money or other resources into a losing proposition. A budget can also help identify successes that you should double down on.

Read More

Want Less Stress at Tax Time? Know Your Business in Real Time.

December 5, 2019 / by Charl Riggs posted in Small Business Advice, Bookkeeping Services, Phoenix, Business Advice

0 Comments

Many people, including business leaders, think of "tax time" as an unpleasant obligation, like going to the dentist. But by preparing for it well before the year is done, you can avoid the stress that precedes tax season each year. Better yet, taking that deep dive into your financials can provide a wealth of insight that can help you meet or exceed your business goals.

Tax Prep: It's Not Just for Your CPA's Sake
As fall turns to winter, it's a good time to take stock of how your business performed this year. One simple way to do that is to gather the information that you're going to have to gather anyway, so your CPA can do your taxes. By keeping up-to-date books year-round, you'll make your CPA happy at tax time.

Beyond your CPA, have you ever stopped to consider the other people involved with your company who could make good use of detailed, accurate financial data? Depending on your business, that can range from your management team to your investors and shareholders.

Read More

Give Thanks to Your Employees — and Get Plenty in Return

November 26, 2019 / by Dana Brenner posted in Small Business Advice, Business Advice, Supporting Strategies

0 Comments

Because Thanksgiving is such a family-oriented occasion, it's easy to understand why business leaders might not think to remember employees with their expressions of gratitude. But since employee retention is vital to maintaining a healthy business, it's important to thank your workforce as often as you can. This Thanksgiving makes a great time to start.

The Power of Appreciation
It's human nature. When someone thanks us for our efforts, we respond positively and are more likely to continue making the same level of effort, if not increase it. This is true whether we're thanked for simple acts, like holding a door for a stranger, or for more involved acts, like meeting a challenging deadline.

HR experts all agree: Thanking your employees helps keep them happy, which in turn helps keep them on your payroll. Whether you express your gratitude in the simplest, most literal way possible — by just saying "Thank you" — or by sweetening the deal with bonuses, gift cards or other perks, it's important not to neglect this important human connection.

Read More

How Outsourced Bookkeeping Can Help Grow Your Business

November 21, 2019 / by Leslie Jorgensen posted in Bookkeeping Services, Business Advice, Supporting Strategies

0 Comments

As your business grows, so do the systems necessary to support it. Whether you have DIY bookkeeping or an outsourced bookkeeping services provider, your business may get big enough that you consider setting up an in-house bookkeeping department.

Some businesses may consider it a natural progression to move from outsourced bookkeeping to having an in-house department. However, continuing with outsourced bookkeeping services has many advantages over the alternative.

An outsourced bookkeeping services provider can be a great partner to your business — offering not only the skills you need at the levels you need, up to and including CFO, but also contributing valuable financial insights. And it all comes without the added expense and responsibility of hiring and managing new employees.

The Bookkeeping Expertise You Need Right Now
An experienced bookkeeping services provider doesn't have a steep learning curve. As pros who are familiar with a variety of businesses, they can quickly determine how much support you need in specific areas — whether it's a basic level, such as recording daily transactions and month-end close, or more detailed assistance, such as budgeting, planning and analysis.

Read More

Quick Tips for Restaurant Bookkeeping

October 29, 2019 / by Indre Bauza posted in Small Business Advice, Northern Virginia, Bookkeeping Services, Business Advice

0 Comments

Note: This blog first appeared in the Arlington Chamber of Commerce Blog.

Restaurant owners face unique bookkeeping challenges. Did you know, for instance, that if you include an automatic gratuity in the bill for larger parties, that's considered a service charge and not a tip — and thus has different IRS reporting requirements?

Combine potential regulatory banana peels with the long hours that restaurant owners typically work, and you have a compelling reason for outsourcing your bookkeeping responsibilities. But if you need additional convincing, here are a few more things to consider.

You Can't Combine Cash Accounting and Accrual Accounting
If you don't know the difference between the cash method of accounting and the accrual method — well, then we rest our case for why you shouldn't be keeping your own books.

But for the record, restaurants that generate more than $1 million of revenue per year must use the accrual method, while those that generate less have a choice — although you must formally notify the IRS before switching from accrual to cash. And under no circumstances can you use both methods at the same time.

Read More

Six Tips for Finding Angel Investors

October 24, 2019 / by Jessica Gerber posted in Small Business Advice, Tips for Startups, Business Advice, Bradenton, Sarasota & Port Charlotte, FL

0 Comments

With all the excitement around angel investing, many startups believe their good idea will make finding angel investors simple. In reality, it's not as easy as it looks in the movies and on TV. Most entrepreneurs hear a lot of "no" before they finally get to "yes."

I belong to a community of angel investors and regularly evaluate high-potential startups for early seed funding. I'm also a business advisor who works with companies on developing and executing key strategies, and on educating them about running their businesses. Helping small businesses achieve their goals is a passion of mine.

Here are six things you can do to improve your company's odds of finding financial benefactors.

1. Be Selective

Not all investment opportunities are the same because not all companies are the same. Some types of businesses are more attractive to investors than others. So the first thing you need to do is determine which type of business you have. That will make the process more efficient and less frustrating for prospective investors (and for you).

Read More


Subscribe to Email Updates

Download our E-book "What You Need to Know About Cloud Accounting"

Recent Posts