21 Aug
One reason why you should outsource your bookkeepi...
It is simple. The number one reason you should outsource your bookkeeping is due to fraud. The newswires are full of stories detailing the significant losses to businesses because of fraudulent bookkeeping activities. In today’s local newspaper’s online feed, a story identified a local business with an internal employee stealing $147K from the professional practice.
04 Aug
Why your bookkeeping practice needs an automated s...
Today, most bookkeeping is performed by humans, but with the advent of AI (Artificial Intelligence) and RPA (Robotic Process Automation), the future of bookkeeping is changing very quickly. Computers are taught how to perform bookkeeping tasks, …and they do them quickly and without error. Oh, and it is incredibly secure. Automated bookkeepers can now “read” bills and
23 Jul
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
07 May
How much is too much?
If you are like most small business owners, you may not know, or realize how much time you are spending on accounting and bookkeeping tasks. When we onboard a new client, we unpack their bookkeeping norms and tasks to determine how Expex will afford them more time to grow their business. How much is too
23 Sep
How do you balance performing financial tasks and ...
There is only so much time in a day, week, or month. Performing financial tasks requires a good deal of skill and a whole lot of time. So many small businesses are started from a strong passion and a desire to do something that the owner is passionate about. We are fortunate to have so
22 Aug
It’s vacation time but you still have bills to p...
It is late August and we are all trying to sneak in one more weekend or week of summertime fun. One last trip to the ice cream stand and beach. You still have bills to pay! Running a small business and getting away for family time can be a challenge. You still have responsibilities at
02 Aug
Expex launches new features – Locations for ...
Expex New Locations Feature With the Locations feature you can now book an expense to a location in QuickBooks Online. If you’re using locations, there is a new field on the data entry screen in the Inbox that is located under the bill date (see below image). All locations will show up in this drop-down
17 Jul
Bookkeeping 101-Managing Bill Payments
Frustrated with paying bills? One of the most time consuming and frustrating tasks that SMB owners need to manage is paying bills. It is also the place where fraud can rear its ugly head in small businesses. While most consumers have started using online bill payment systems offered by their banks, SMB’s are still processing
12 Jun
Educational Series: Bookkeeping 101
Welcome to our series on bookkeeping. Here we will discuss bookkeeping tasks and process, why it’s important, and how to turn this often-frustrating task into a valuable part of running your business At Expex, we built Carly- an automated bookkeeping application. Carly is the last bookkeeper you will ever hire. As we progress through the
03 Jun
Outsourcing for the small business owner.
Small Businesses in the U.S. The fiber of our country’s economy and business environment is made up of many small businesses. These companies and start-ups face very different challenges compared to their larger siblings. Challenged with the need for growth and the pressures of minimal expenses, small businesses are turning to outsourcing. These solutions take
