When you first start working with a new business as a bookkeeper or accountant, one of the most critical tasks is cleaning up their books. Nine times out of ten, the books you inherit will need some level of cleanup before you can start regular bookkeeping or accounting work. Without a solid foundation, monthly bookkeeping…
In the world of bookkeeping, mastering the essentials can set you apart as a true professional. Whether you’re looking to start a new career, enhance your existing skills, or launch your own bookkeeping business, understanding the foundational components is crucial. Here, we’ll explore the four key steps in the Rockstar Recordkeeping Roadmap™, a framework designed…
Bookkeeping is an essential function in any business, yet many bookkeepers, especially those new to the field, often stumble into common pitfalls that can have significant repercussions. Understanding these mistakes is crucial to ensuring not only your success but also that of the businesses you serve. Here are the five most prevalent mistakes I see…
Understanding the Importance of W-9s As a business owner, managing vendor relationships requires more than just timely payments and services. One crucial aspect that often gets overlooked is the proper documentation of these transactions, specifically through the use of W-9 forms. This form is pivotal for ensuring tax compliance and smooth financial operations, yet it…
We all agree that every strong structure needs a solid foundation to prevent it from crumbling to pieces. This foundation is the basis or shall I say is necessary in order for a structure to withstand the earthly elements and be around for awhile. Well it’s the same in business. Your business needs to have…
Last month we had the honor of being featured on the website of our favorite app – Hubdoc! They asked us accounting folks some questions around a bookkeeping software and how to chose the best one. Along with a few of other colleagues in the industry we shared our thoughts. Check it out… As see…
Accounting is the recording of financial business transactions in a systematic way. It encompasses the process of summarizing, analyzing, and reporting these transactions in a comprehensive way. It is one of the most important jobs or tasks of a business. This act of organizing financial data can tell you all sorts of things about your…
Getting your financial house in order takes a lot of work. It takes a lot of focus and understanding to get everything organized in a manner that will help you understand how your business performed during the year. It’s not the easiest thing to do but it’s also not the hardest. If you put your…
Over the past couple of weeks we talked about setting SMART goals and about reflecting on all of our accomplishments in 2012. Well now it’s time to start checking off those goals for 2013. So to help, I have created a 3 step system to gaining financial control that is sure to guide you. 1.…
