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The Ultimate Guide to Bookkeeping for Home Service Contractors

Steve Feinberg

Bookkeeping and accounting can be complex, time-consuming tasks that are not typically part of a contractor’s core competencies. Here are some of the most common challenges that you may face when it comes to bookkeeping: Cash Flow When you have a lot of delayed or unpaid bills, it can put a strain on your cash flow.

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Accounts Receivable (AR) Automation: The Solution To The Collection Problem

Accounting Seed

You’re constantly entering sales figures in accounts receivable (AR), invoicing customers, remembering whether they’ve paid, contacting them if they haven’t, and adjusting AR when they settle up. That can add up to a lot of time spent bookkeeping, but it has to be done. One solution is accounts receivable automation.

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6 ways to gain a competitive edge in a changing bookkeeping landscape

Reckon

The scope for you to offer advisory services that align with your bookkeeping business has evolved significantly. Bookkeepers are often well-suited to undertake these critical advisory services due to familiarity with business processes, expertise in accounting software, and your comprehensive understanding of your clients’ businesses.

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How to Set Up Accounting for a New Business: A Full Guide

xendoo

As you try to figure out which need to prioritize in your new venture, it is crucial that you first learn how to set up accounting for a new business. While it might seem mundane, good accounting is integral to the success of any business. We will take you through the essentials of setting up your accounting for a new business.

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The Best Bookkeeping Service For Your Small Business

xendoo

You may choose to handle all of your small business bookkeeping on your own, but keep in mind that it’s more than just simple data entry. A popular option for small business owners is to hire a part-time bookkeeper. You’ll need to review their data entry, monthly reconciliations, and any communication they have with your accountant.

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The Best Online Accounting Software for Small Businesses

xendoo

A skilled accountant will keep you tax compliant and ensure that you’re always in-the-know and focused on the big picture when it comes to your financials. And cost can definitely feel like a huge barrier here – it can be hard for a small business to afford to hire an accountant. What does online accounting software do?