Bookkeeping is a fact of life if you’re a business owner, as you’ll need an efficient way to keep track of each transaction, from a sale to the amount you’re owed by a particular supplier. A legible record of your business’s financial history can help you keep an eye on your bottom line and can also make life much easier if your business is audited by the IRS. However, there’s more than one method of bookkeeping, and each has its own set of advantages to consider. Choosing the right method for your business can save you time and effort when you want a quick overview of your business’s financial health.[Read more…]
Have you been struggling with how you do bookkeeping in your small business? Does it seem like you can never make a dent on the financial administrative side or that you can never get organized enough to make headway? This article is about getting your head in the game with your business in mind. [Read more…]
You’ve been doing the finances of your business for far too long, and you recognize that it is costing you time and, in effect, money. If you’ve been considering having a professional take over, you may be wondering exactly what the difference is between accounting services vs. bookkeeping services. [Read more…]
A lot if you try to do it yourself.So many businesses think that bookkeeping, accounting or tax services are expensive. This leads many to think they can do it themselves. Add in the fact that there are numerous desktop and online solutions for these services that are constantly promoted and the illusion that this is a do-it-yourself task is increased. And, yet, those also cost money which can influence one to just avoid it all together. [Read more…]
If you’re a Las Vegas business owner, you need a Las Vegas bookkeeper. It’s easy to fall into the trap of taking care of your bookkeeping yourself to save money, but a qualified professional handling your books can help put you toward financial success because it’s their job.Handling all of this can also result in a lot of wasted time that you could spend doing what you love—running your business.
Vet Each Las Vegas Bookkeeper With These 10 Qualities in MindThe Vegas valley contains a vast number of bookkeepers and accountants that have the chops to crunch your numbers and do your taxes, so how do you know which one to choose? Finding someone with the right certifications is easy, but you’ll be much better off with someone who has integrity and fits in with your company culture.Check out these 10 qualities that would benefit your team and help your business.
- Experience. The more experience a bookkeeper has, the more likely they’ll be able to handle whatever issues crop up over time within your business.
- Knowledge. Ask these questions: Is the Las Vegas bookkeeper accredited? Are they familiar with a variety of bookkeeping systems? How and where were they educated?
- Willingness to learn. Banking systems and technology often change. Bookkeepers should be willing to learn these new systems to better serve their clients.
- Honesty. This person is going to have access to private information. Do they have a reputation for honesty? Request references from past clients. If a mistake is made, will they be up front with you?
- Reporting transparency. Accuracy is one of the most important traits of any Las Vegas bookkeeper. According to a FoxBusiness.com article by Enrico Palmerino, when they are on top of their data entry that means you have accurate records “at your fingertips” and can act quickly if issues arise.
- Excellent time management. You never know when you’re going to need financial records. Does your bookkeeper have everything current and ready?
- Communication skills. A good bookkeeper communicates their knowledge clearly. They also practice good listening skills and will ask as many questions as possible to make sure you’re both on the same page.
- Credit management. Many business owners use credit cards. A good accountant will help you come up with a credit management plan so you don’t end up accruing excess debts or fees.
- Reputation. Ask around to find out what kind of reputation your prospect has. You can also check their grade on the Better Business Bureau website or check out review sites like Yelp.
- Reliability. Is this person going to be there when you need them? Is your prospect willing to help you out if an emergency arises outside normal hours? Be sure to get clarification on whether there’s a fee for emergency calls.