automated bookkeeping solutions Schenectady NY
The art of remote out-of-office bookkeeping

Businesses of all sizes are learning how to function in an out-of-office structure during this pandemic. The challenges include the following to name a few: Maintaining current clients Acquisition of new accounts and business Keeping a healthy cash flow Functioning remotely, including sales, service, marketing, and accounting. Few companies are prepared to migrate their employees

Bookkeeping services in Albany NY
Preventing Fraud in an SMB using bill payments con...

Fraud is something that most small business owners don’t like to think about and often think, “That can’t happen to me.” However, as we’ve previously discussed, it happens far more often than business owners would like to admit. In small businesses, fraud is the result of lack or absence of controls, which are exploited by

Efficient bookkeeeping services in Schenectady NY
Operational Efficiency- Getting your team on board

We’ve all read about improving processes and how running an efficient business is important to become more profitable. But as small business owners, we are often caught up in the issue of knowing that we have a small staff and no matter how efficient we are, we will always need the same number of employees.

automated bookkeeping services in Albany NY
A client’s tale of bookkeeping challenges

Simply stated, we learn from each other. Open and honest discussion between business owners provides real life tales of running a small business. At Expex, we work within the small to medium sized business communities. Bookkeeping is such a critical function for a business, yet it is so often overlooked and under reviewed. Our story

Happy 4th of July from Carly!

Carly will be working this weekend, as she always does, but our office will be closed on Friday, July 3rd. The 4th of July is a symbol and celebration of our nation’s freedom, independence, and strength. At Expex, we are proud to support and work with so many strong small and medium sized businesses.  These

New tools for collecting receivables

Small businesses fund their operations from cash generated by the business. While some companies accept their customers credit cards for payment, others invoice their customers or send a monthly statement. This is referred to as selling on credit because you are offering the customer credit terms (i.e. Net 30) to pay the invoice/statement. While many

Automated bookkeeping in Albany NY
The new landscape in bookkeeping…

Bookkeeping has traditionally been a task-oriented process that require an understanding of how and when each task needs to be completed. This culminates in the completion of financial statements that can be reviewed for performance, risk, trends, and a host of decisions such as Do we need to hire? Can we buy more equipment? Can

What is financial visibility?

Overseeing and building a small business requires the owner to wear many hats. Have you heard the saying, “jack of all trades master of none?” We hear that phrase from many SMB owners trying to juggle sales, service, human resources, and most importantly- finance. Accurate and comprehensive accounting practices are critical, but don’t often equate

credit card reconciliation Schenectady NY
The ins and outs of reconciling your business cred...

As a small business owner, we are confident in our thinking that you do not enjoy any form of account reconciliations, including credit card reconciliations. In August 2019, we posted a blog as part of our Bookkeeping series entitled, Bookkeeping 101 – Reconciling Credit Cards.  The response was amazing as we heard story after story

Expex Inc -managing cash flow
3 tips to help you get comfortable with understand...

Cash flow issues present one of the greatest challenges to business owners. It is estimated that 4 out of 5 business failures are a result of poor cash management. Future Transactions How do you ensure you have enough cash to pay for bills that are future transactions and not recorded as a bill from a

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