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How Does Outsourced Bookkeeping work?
Outsourced bookkeeping is high on the list of outsourced services most hired by small business owners. Today’s businesses are still heavily in remote working and often with a reduced staff. The business owner and key management team members are wearing multiple hats, making them a jack of all trades and truly a master of none. […]
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Everything You Need to Know About Bank Reconciliations
Bookkeepers love the term reconcile, and yet it brings about fear in the minds of business owners. Reconcile means to settle a dispute, make things compatible or consistent, to coexist in harmony. Don’t you just love it when your books coexist in harmony? Everything balances out, and the world is right again. But, to the […]
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Why your bookkeeping practice needs an automated solution
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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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The ins and outs of reconciling your business credit card accounts.
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 […]
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Maximize the value of each employee.
There has been so much written about businesses surviving in the times of Covid-19. Yes, these are unprecedented times and the environment calls for strategic decisions to be made, right now. Think about your business and employees. This may sound distasteful, but as a small business owner, your employee headcount has changed, will change, or […]
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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 […]