Bookkeeping Archives - Experienced Las Vegas CPA Firm | Larry L. Bertsch, CPA & Associates

May 30, 2022 By LLBCPA

When Should My Business Hire a Financial Leader?

You didn’t go into business to create spreadsheets and worry about balancing books. You went into business to bring your talents to the world and help people. As a new and growing business, you were likely able to keep up with your finances. It may not have been enjoyable work, but it was doable.

However, as you grow, the time necessary to keep your finances straight begins to take away from the time you could be using to bring in more customers, develop new products, service your existing clients, and scale your operation.

Maybe you’ve noticed that your financial reports are not precise, or they take too much time to generate. Perhaps you’re experiencing a challenge with your cash flow or having a difficult time determining what metrics matter to the future of your business. You may have a bookkeeper watching over your books, but no accountant utilizing this data. If any of this sounds familiar, it may be time to hire a financial leader and take the burden off your shoulders.

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December 15, 2021 By LLBCPA

How to Prepare Financial Statements For Your Business

You went into business to do whatever it is that you love to do. Unfortunately, somewhere along the line, you learned a hard lesson … running a business requires a lot more tasks than what you originally signed up for. One of the most challenging aspects – a responsibility that strikes fear in the hearts of anyone without an accounting degree – is keeping track of your financials.

Financial statements are not only necessary when you seek credit or a loan, or when you have a board or investors you have to answer to. They are also important for you to understand where your business is and what you need to do to make it better. Thankfully, running financial reports on your company doesn’t have to be a frightening experience. With the right know-how and the right expert support with your bookkeeping, you’ll become a “numbers person” in no time.

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October 15, 2021 By LLBCPA

7 QuickBooks Add-Ons and Apps Your Business Needs Now

As you well know, using a dynamic bookkeeping platform like QuickBooks makes keeping track of your business finances easier. But did you know that there are several applications and add-ons that can make your QuickBooks experience even better?

There are so many helpful apps available that can help you to organize data, automate tasks, and keep better track of your revenue. These apps make it so you’ll always know if you are in the black and offer strategies that can help keep it that way. Let’s take a look at a few of these Quickbooks apps and see how they can benefit your business.

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August 14, 2021 By LLBCPA

Double-Check Yourself: 10 Common Business Accounting Mistakes to Avoid

There are a few things that are as important to business owners as having proper accounting support. For most entrepreneurs, doing the accounting for a small business is the least pleasant task. You’d much rather be reaching out to clients, making sales, or networking with other owners. There are so many things that need to be done to run a lucrative business. But not many of us want to sit down and look at our finances.

The reason for this is that accounting can often be intimidating, especially if mathematics isn’t your strong suit. Sometimes it’s hard to understand which financial documents to keep and which ones to toss. Then there are all the worries. Are we getting our maximum refund available? Is there something that we could do to keep track of our spending more effectively? How much of a profit are we making? And finally, who understands the current tax laws? While bookkeeping does seem like an unruly pile of receipts and bank ledgers, with a little help it can all be easily managed.

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July 9, 2020 By Larry L. Bertsch, CPA and Associates

Why Outsource Your Bookkeeping to a CPA Firm: 8 Reasons

As a small business owner, you know full well that your time is best spent growing your business. Unfortunately, you’re spending far too much time on other things. While you’ve rationalized that you need to wear many hats, you’ve also come to realize that you’re not doing what you do best. Something has to change.

This is ultimately why so many small and medium-sized enterprises (SMEs) look for outsourced bookkeeping services with a certified public accountant (CPA) firm. So, why outsource your bookkeeping to a Las Vegas CPA firm?

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