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What happens to your business if you don’t do any bookkeeping?
The dangers of not doing bookkeeping stretch far beyond the financial impact on your business. If you don’t do any bookkeeping, or just for the sake of argument, you do some bookkeeping; you are running your business with blinders on. The absence of a clear understanding of your business’s financial health can seriously affect decision-making […]
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What is the difference between an Accountant and a Bookkeeper?
Are you thinking about hiring a bookkeeper, an accountant, or both? What is the difference between a bookkeeper and an accountant? We will shed a little light on the roles and responsibilities, highlighting the differences between an accountant and a bookkeeper. In general terms, a bookkeeper is responsible or accountable for processing your business’s day-to-day […]
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What does a bookkeeper do?
A bookkeeper’s duties and responsibilities vary depending on the size of the business. In many small and startup companies, it is common practice for bookkeeping duties to be performed by the business owner. The bookkeeping tasks at this point are simple and easy, and the business owner can manage bookkeeping tasks while staffing the business […]
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Bookkeeping 101 – Reconciling Credit Cards.
Every small business owner I know loves to get their credit card points – and for good reasons. Personally, I can tell you that it has become very handy for transporting my son back and forth from upstate NY to The University at Alabama (Roll Tide!). But when it comes to reconciling transactions every month, […]
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Managing your day to day bookkeeping & financial tasks.
Sandy is a new tenant in our building and stopped in to introduce herself and inquire about our company, Expex and what exactly we did. We invited Sandy in and sat down and discussed, more importantly, how she ran her business in terms of accounting and bookkeeping. She was a deer in the headlights. Sandy […]
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Bookkeeping or Accounting?
We came across this article and thought it was perfect for sparking the thought process and determining the services you need for your business. Both services exist to meet the needs of business owners, small and large. Which one fits you best? The author, Carey Wodehouse , posted this article on January 8, 2018 on […]
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Fall in Love with Finance Series – Bots and why you’ll love them
Bots are starting to gain a lot of attention and for good reasons. Bots are computer programs that perform repetitive tasks accurately and at a very high rate of speed. As a result, these bots can do the work of humans faster, more accurately and less expensively. We all interact with bots (or chatbots) as […]
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How much time are you spending on admin tasks and bookkeeping?
A recent article posted online by the CPA Practice Advisor speaks to the challenges small businesses face: “Small businesses currently spend an average of 120 working-days per year on administrative tasks, accounting for approximately 5% of the total manpower for the average small and medium sized business. That’s according to a new economic report by Sage, a […]