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Should you hire a Controller or a Bookkeeper?

Basis 365

A bookkeeper is responsible for maintaining accurate and up-to-date financial records for a business. They record transactions, reconcile accounts, and generate financial statements. In addition, bookkeepers typically handle day-to-day financial tasks such as invoicing, accounts payable, and accounts receivable.

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

xendoo

If you are keen, you’ll find a plethora of small expenses within your business are tax-deductible, meaning you can claim them on your tax return. The IRS demands that you have with you any documentation proving income credits or deductions that appear on your tax return. Previous tax returns .

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Basic Accounting for a Small Business: Bookkeeping and Accounting Basics

Snyder

But the most important aspect of any business is accounting. All small business owners need to be familiar with basic accounting and bookkeeping, as it gives them a clear picture of the state of their finances, allows them to make informed business decisions, and lets them react to any adverse changes faster.

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Gaining More Value with Virtual Accounting

AccountingDepartment

Here are some of the ways you can benefit from outsourced accounting services. Virtual Accounting Is More Than a CPA. Many smaller businesses only have a CPA that handles their tax return. The CPA will often provide some tips on how to lower next year’s tax bill, but then it’s goodbye until next year.

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How to Avoid Mistakes in Accounting: 5 Common Accounting Mistakes

Snyder

Clutch report states that 95% of small businesses are confident in the accuracy of their financial statements, and 30% of business owners also believe that they’re overpaying taxes. Whether an error results in underpaying or overpaying on taxes, your business experiences unnecessary losses. 5 common accounting errors.

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