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How to Hire an Online Bookkeeper
Online or virtual bookkeeping services are in high demand. According to QuickBooks, nearly 75% of the nation’s small businesses use their services, with another 6% using other accounting software applications. Small businesses are challenged by doing more with less and have embraced virtual services for their companies, such as payroll, technical support, marketing, and accounting. […]
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Rightsizing your business amid the pandemic.
The coronavirus has abruptly affected our businesses, some more than others. Small and medium sized businesses have experienced closures, reduced hours, layoffs, and furloughs. As a result, SMB’s will need to think differently to be successful in the post COVID-19 environment. Define your core: rethink staffing, workspace, and technology tools. Business services will be needed […]
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Where is your bookkeeper?
The stress and anxiety experienced by small business owners is certainly on the rise. If you own or manage a small business, finances are your number one concern. How healthy is your business? Our client’s primary interest and the number one reason they contact us is concern over the health of their business. What are […]
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How do you balance performing financial tasks and growing your business?
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 […]
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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 […]
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It is time for businesses to embrace automated bill payments.
When did online banking first start? In the early 1980’s the four major banks in New York implemented online banking and from there others followed suit and customers could view their accounts and pay bills online. This process is commonplace among consumers today and most have not ventured to a brick and mortar bank in […]
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We just had to share this!
Expex is an application dedicated to making financial tasks easier. We have sung this from the rooftops but this week, we heard it direct from a new client. We are paraphrasing her comments but here is what one small business owner from Latham, NY shared with us: “I cannot tell you Tony how much I […]
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Keeping a healthy credit score.
Your business credit score is just as important to your business as your individual credit score is to your personal life. Business credit is calculated through what’s called the Paydex score which is maintained by Dun & Bradstreet (D&B). Through Paydex, your business is ranked on whether you make timely bill payments or not and […]
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Using fintech to avoid fraud by separating accounting duties.
Just this week, there was a story in the news of a small not-for-profit company dealing with fraud from a bookkeeper/bookkeeping service. It happens too many times and can occur with the most reliable employees. Often times the business owner is heard saying that the employee was long term, loyal, and trusted. How does this […]
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The struggle is real.
At Expex, we spend all of our time in the small to medium sized business space. We hear the issues and challenges these businesses and business owners face. It is a part of their life…and ours. What are the top three challenges faced by SMBs? Sales and growth: “We need business!” This challenge goes hand […]