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8 Benefits of Online Bookkeeping

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When you first started your company, it might have made sense to try to handle your own bookkeeping and accounting needs. Why not rely on an online accounting service to take these tasks off your plate so you can focus on your business? Since these reports are generated online, you’ll also save on paperwork.

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Learn When Your Should Outsource Your Accounting

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Should you focus on growing your core business or continue to focus on the administrative side, like managing your accounting and bookkeeping needs? Without accurate financial records, it can be harder to secure funding and prepare for the future, too. Forensic accounting. Managerial accounting. Tax preparation.

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How to Prepare Your Small Business for the New Year

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This statement provides insight into cash, inventory levels, Accounts Payable (money owed to others) and Receivable (money owed to the business owner), credit card and bank balances, and the equity in the company. Prepare for Tax Season Now. Lastly, consider partnering with an online accounting service.

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How Do I Pay Myself and My Taxes as a Sole Proprietor?

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Once you decide on an amount to take (more on that in a moment), it can be transferred from your business bank account to your personal account. Once your DBA is set up, you can open a business bank account. An online bookkeeping service will be able to take this task off your plate, saving you time and stress.

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