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Northern Virginia


3 Key Questions to Ask When Choosing a Bookkeeper

July 18, 2019 / by Indre Bauza posted in Small Business Advice, Northern Virginia, Bookkeeping Services, Business Advice

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

Small-business owners sometimes have trouble delegating responsibilities. We get it. Once you've invested so much time (and money, in many cases) in launching a business, it's difficult to relinquish control over key aspects of that business — especially the finances.

But as your business grows, you eventually realize there literally aren't enough hours in the day to do everything yourself. And unless your goal in launching the business was to become a full-time bookkeeper, that's one of the first areas you should consider outsourcing. Have questions regarding how to go about it? Here are some answers.

1. Will the bookkeeping services provider help you focus on your business rather than on bookkeeping?
The best bookkeeping services providers understand their role is to minimize your involvement in bookkeeping so that you can refocus on your core strengths. And they'll assert their expertise in accomplishing that — sometimes from day one.

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Case Study: Modernizing a Mature Nonprofit's Bookkeeping

May 28, 2019 / by Indre Bauza posted in Northern Virginia, Nonprofits, Case Study Blogs

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When he became Executive Director at Arlington Thrive in March 2016, Andrew Schneider encountered a problem common among mature nonprofits: "Over time, as in any organization, internal systems develop that make sense to the people who are operating them but might not make sense to new people coming in."

In fulfilling its mission of providing same-day, emergency financial assistance to residents of Arlington County, Virginia, the organization relied on a steady flow of cash. A legacy bookkeeping system, coupled with a nearly indecipherable method of donor classification, threatened to disrupt that flow. Schneider needed to resolve the problem quickly. Supporting Strategies | Northern Virginia and Managing Director Indre Bauza delivered a solution.

A Clearer View
Supporting Strategies took a proactive approach to solving the problem — from modernizing the bookkeeping system to establishing monthly conference calls with the finance committee. The result? Real-time financial reporting, enhanced communication, and greater financial transparency.

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Achieving Financial Fitness

April 11, 2019 / by Indre Bauza posted in Small Business Advice, Northern Virginia, Bookkeeping Services, Business Advice

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

Like many business leaders, you made a new year’s resolution to stay current with your financial reporting. Now that it’s Q2, it’s time to make sure your resolution is staying on track.

Don't Just Keep Up — Get Ahead
This is the perfect time to take a big-picture look at the health of your business. Are there ways you can optimize your approach to achieve efficiency and gain a competitive advantage? Technology advances quickly, and there may be better solutions available for your business today than there were when you started — or even a year ago.

For example, it's now easy for small businesses to know their financial status in real time. Using records that update automatically, you can analyze your key performance indicators. Your KPIs can tell you at a glance how your business is performing relative to your budgeting and forecasting (which, by the way, will also be vastly improved with better financial reporting).

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8 Time- & Money-Saving Technology Tips for Small Businesses

January 11, 2018 / by Indy Zakaryte posted in Small Business Advice, Northern Virginia, Bookkeeping Services, Tool Tips, Business Advice

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

In managing your small business, you're always looking for ways to boost efficiency, reduce costs, increase profitability and improve performance. The right software solutions can allow you to do all of that and more.

At Supporting Strategies, we often steer clients toward software and other technology solutions that help them run their business better. Here are eight examples. 

1) QuickBooks Online
Remember the huge improvement you gained in efficiency by switching from paper-based bookkeeping to QuickBooks for your desktop? (And if you're still using paper-based bookkeeping, we really need to talk.) Well, as Georgean Schmidt, Managing Director of Supporting Strategies | Central Ohio, noted in a recent blog, the upgrade from the desktop version of QuickBooks to QuickBooks Online (QBO) can be just as dramatic.

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Why Monthly Bookkeeping Is Important for Startups

July 27, 2017 / by Indy Zakaryte posted in Northern Virginia, Tips for Startups

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

When you're overwhelmed with all the details of launching a startup, it's easy to convince yourself that you can figure out the bookkeeping later. But "later" might be too late to save your business.

Before you launch, it's important to determine how you'll track your company's financial health on a monthly basis. Regular reports can not only alert you to potential financial problems, but also help you chart the most direct course to growth and profitability.

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Bootcamp Series: Putting Small Businesses on Track for Growth

June 15, 2017 / by Leslie Jorgensen posted in Northern Virginia, Santa Monica, Chicago Far West Suburbs, Los Angeles, Ventura County, Business Advice

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CEOs and CXOs of growing businesses from coast to coast attended our Business Fundamentals Bootcamp Series this spring.

Participants enjoyed panels and breakout sessions on a wide range of topics: Finance and Administration, Strategy and Marketing, Legal and Risk Management, and Management and HR, all of which featured dynamic, insightful, inspiring speakers. In between sessions and over coffee, lunch and even cocktails, participants continued the conversations while expanding their networks and learning new skills.

On March 17, DC-area movers and shakers met at the Tower Club in Tysons, Virginia to explore Strategies for Success with presenters from organizations such as Searle Business Solutions, One Degree Capital, Arlington Law Group and Burdette Smith & Bish. Among the topics on the table: the quest for profitability, enhancing business value, and building high-performance teams.
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Three Things You Can Do to Help Protect your Business

July 6, 2016 / by Indre Bauza posted in Northern Virginia, Bookkeeping Services

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Your accounting services provider is in a position of trust—he or she works with the finances of your company. Ideally, your bookkeeper is your trusted advisor, a valuable member of your team who works to help achieve your company’s vision and goals. That’s why it’s disheartening to hear stories about bookkeeping services providers abusing this position of trust.

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Five Quick Tips for Choosing the Best Outsourced Bookkeeping Services Provider

May 18, 2016 / by Indre Bauza posted in Northern Virginia, Bookkeeping Services

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Now that you have made the decision to outsource your bookkeeping—hiring a professional bookkeeping service rather than doing it yourself or asking one of your employees to take it on—how do you decide which company to choose?

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Supporting Strategies Launches Partnership with Remodelers Advantage

May 12, 2015 / by Indre Bauza posted in News, Corporate, Northern Virginia

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I'm pleased to announce that Supporting Strategies - Northern Virginia has joined forces with Remodelers Advantage, a Maryland-based support organization for owners of remodeling businesses. Remodelers Advantage has worked with thousands of firms of all sizes to help business owners improve company performance along with their quality of life.

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