Basis 365

JUNE 29, 2023

Two of the most important roles are the bookkeeper and the controller. In this blog, we'll explore the differences between a bookkeeper and a controller and help you determine which role(s) you need for your business. What is a Bookkeeper? They record transactions, reconcile accounts, and generate financial statements.

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Ryan Lazanis

SEPTEMBER 27, 2023

If you’re a CPA firm looking to outsource your bookkeeping, you’ll want to check out this post on the 7 different options for outsourced bookkeeping for CPAs. Check it out: Outsourced Bookkeeping for CPAs Terminology Before continuing, there are 3 terms that I want to briefly define which will have an impact on the option you select.

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xendoo

MARCH 17, 2022

Small business owners around the world are migrating to cloud-based bookkeeping software to keep their financial records and reports organized and accessible. Even with the help of bookkeeping software, it takes financial expertise to put the data into context and use it to make informed decisions. Going Digital.

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xendoo

SEPTEMBER 10, 2021

Thankfully, a reliable bookkeeping solution is just a click away. What should you look for in an accounting or bookkeeping service? Today, we’ll highlight five of the best small business bookkeeping service solutions. Online Bookkeeping Service for Your Small Business. Financial statements .

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Basis 365

SEPTEMBER 28, 2023

Even if an organization has an accountant on staff, it's not their responsibility to prepare cash flow reports or income statements. A bookkeeper does not perform all of the daily tasks. Outsourced bookkeeping is a great option. We'll look at how outsourced bookkeeping can save a struggling business.

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xendoo

APRIL 25, 2021

Nearly 25% of businesses are behind on their books and nearly 41% of business owners try to do their bookkeeping themselves. Perhaps nothing bad has happened yet, but you know it’s time to catch up on bookkeeping. . Besides being a smart business practice, catch-up bookkeeping provides additional benefits grow growing companies.

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Reckon

APRIL 6, 2024

Much like those people who don’t understand the difference between Aussie rules, league and association football and call them all footy, a number of small business owners use the terms accounting and bookkeeping interchangeably. An easy start is to say that an accountant can be a bookkeeper but a bookkeeper isn’t an accountant.

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xendoo

DECEMBER 3, 2021

Between catching their breath after tax season and managing holiday traffic and sales, year-end bookkeeping and accounting tasks understandably fall to the bottom of the to-do list. . Accurate records ensure reliable financial statements. Review Your Financial Statements. Xendoo is here to help. Reach Out for Help.

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xendoo

FEBRUARY 24, 2021

A small business bookkeeper or bookkeeping service can support you with everything from simple bookkeeping to offering more in-depth tax filing services and business consulting. Small business bookkeepers and bookkeeping services can save small businesses money in many different ways.

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xendoo

DECEMBER 13, 2021

In addition to being worried about how you’ll get caught up, you may also be concerned about the catch-up bookkeeping price you’ll have to spend to bring your financial data up-to-date. Most business owners find that catch-up bookkeeping services are well worth the price. Why Catch-Up Bookkeeping Is So Important .

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xendoo

APRIL 13, 2022

Since starting your business, you’ve likely filled multiple roles–from product and customer service to bookkeeping and sales–at some point. For instance, you’ve probably asked yourself: Should I outsource bookkeeping? Tasks like bookkeeping are ideal to hire outside help. When should you outsource bookkeeping?

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Basis 365

APRIL 13, 2023

One essential aspect of a successful business is bookkeeping, which involves keeping track of financial transactions, managing accounts, and preparing financial statements. That's where outsourced bookkeeping comes in. Access to Expertise Bookkeeping requires specialized skills and knowledge.

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xendoo

DECEMBER 15, 2021

Consistent bookkeeping provides the financial insight needed to strategize for long-term success. Even if the books are only behind a few weeks, up-to-date records are crucial for the financial well-being of every business. In this blog post, we are exploring the top 5 benefits of catch up bookkeeping ! .

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AccountingDepartment

JUNE 16, 2022

Updated and accurate bookkeeping is the backbone to keeping a business running smoothly. Whether a business owner is handling all of their bookkeeping in-house, or if an outsourced service provider is taking care of it, here are a few reasons why up-to-date bookkeeping is so important.

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xendoo

FEBRUARY 24, 2021

Small business bookkeeping services can support you with everything from simple data entry to offering more in-depth tax filing services and business consulting. Bookkeepers can help you with the big picture aspects of running a small business, such as reviewing options for how to finance your business.

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xendoo

MARCH 26, 2021

Bookkeepers and bookkeeping services can be a small business owner’s best investment. Bookkeepers save small businesses money by keeping their books in order and providing accurate financial reports – giving the small business owner more time to do what they do best. . What does bookkeeping software do?

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xendoo

DECEMBER 6, 2021

Review Financial Performance. Analyze your business’s performance from the previous year by reviewing your key financial statements. The Cash Flow Statement provides visibility into when cash flows into and out of a business, and how cash balances have changed over a specific time period. Outsource Your Bookkeeping .

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LyfeAccounting

OCTOBER 14, 2020

? ?. Today, I’ll be deep-diving into the bookkeeping basics for small business. And by the end of this post, you’ll understand the importance of bookkeeping and how to properly complete your bookkeeping in just a few simple steps. Ready to learn the bookkeeping basics for small business? More simply, bookkeeping.

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xendoo

FEBRUARY 25, 2022

If that is not the case, you will need to take steps to clean up accounting records or use a catch-up bookkeeping service. . Here are a few: Ensure Financials Are Up-to-Date. A virtual bookkeeper can help you automate that and more. Inconsistencies in Financial Statements. Be Ready for Tax Season.

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Basis 365

MARCH 6, 2024

That's why our outsourced accounting and bookkeeping services go beyond simply crunching data. We understand that a "strong" business rests on a solid financial foundation, driven by efficient processes, accurate data, and a deep understanding of where the business stands financially as well as in the mind of the business owner.

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MyIRSRelief

MARCH 15, 2023

To apply for an Installment Agreement, you must fill out IRS Form 9465, Installment Agreement Request, and provide detailed information about your financial situation. Depending on the amount of your tax debt and your ability to pay, the IRS may require you to set up automatic payments or provide a financial statement.

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xendoo

APRIL 20, 2021

Just like a traditional brick-and-mortar business, your eCommerce business needs a good bookkeeping system for essential functions like tracking revenues and expenditures and filing tax returns. If you opt for manual bookkeeping, you’ll need to import all your information from your bank account into your ledger.

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Xero

SEPTEMBER 21, 2022

She recalls handwriting the statements on graph paper, then having her bookkeeper format them, and then getting it to their BDO accountant at the end of the year. Her accountant recommended she take advantage of BDO’s outsourced bookkeeping. Support from her advisor.

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Ryan Lazanis

OCTOBER 6, 2022

In this guide, I’ll describe how to package bookkeeping services in a way that’s highly profitable but also very appealing for your clients. What Does Packaging Your Bookkeeping Services Mean? Why Does Packaging Your Bookkeeping Services Matter? What Bookkeeping Services Can Be Packaged?

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xendoo

MAY 16, 2023

The best way to avoid headaches during an IRS audit is to keep accurate business records and bookkeeping year-round , and that includes tracking receipts. Also, Xendoo’s bookkeepers and CPAs have years of experience managing business record keeping. Hire a catch up bookkeeping service that also has tax CPAs.

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xendoo

MAY 16, 2023

The best way to avoid headaches during an IRS audit is to keep accurate business records and bookkeeping year-round , and that includes tracking receipts. Also, Xendoo’s bookkeepers and CPAs have years of experience managing business record keeping. Hire a catch up bookkeeping service that also has tax CPAs.

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CPA Practice

DECEMBER 13, 2023

Clients that struggle to get their tax paperwork together for your appointment are illustrating their need for a bookkeeping service that may be more affordable than they imagine. Practice active listening : Reading between the lines can be a difficult but eye-opening process.

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xendoo

AUGUST 2, 2021

According to the small business organization known as SCORE, roughly 1 in 5 small businesses are sinking as much as $10,000 in bookkeeping costs and other fees. Do you really need a CPA as well as a bookkeeper? . Before you start hiring financial staff, you should consider the needs of your business. What Does a Bookkeeper Cost?

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AccountingDepartment

FEBRUARY 9, 2023

CAS covers a multitude of financial options within a business. CAS providers will utilize technology automation alongside full-fledged advisory services in order to do this. It's an all-encompassing solution that builds on bookkeeping and controller services to make a real difference.

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xendoo

JANUARY 11, 2021

Small business accountant fees vary depending on a number of factors, including expertise levels, types of services offered, technology integration, and industries or niches served. “How much do accountants charge for year-round bookkeeping services?” Typical rates are: Bookkeeper — $30 to $90 per hour.

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xendoo

MAY 19, 2021

After all, you started your business because you’re passionate about the work you do, and you want to connect your products and services to customers. Handling your own bookkeeping and accounting may seem like an easy corner to cut, but the chances are that you’ll pay for it in one way or another. . This is where Xendoo truly shines.

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LyfeAccounting

FEBRUARY 14, 2021

million bookkeepers, and at least 1.2 What Can a CPA Do That Your Bookkeeper or Tax Preparer Cannot? Your accountant or bookkeeper cannot provide assurance, or in other words, certify that your financial statements are accurate and complete. And bookkeeping services are a great option. Just 600,000.

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Snyder

AUGUST 12, 2022

What are bookkeeper duties? Sometimes grasping the difference between bookkeeping and accounting can be tricky. Both bookkeepers and accountants work with your finances, both help make your tax reporting a smooth experience. How to choose a bookkeeper? What a small business owner should know: what is bookkeeping?

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KROST

MARCH 1, 2021

It is not just bookkeeping and write-up services. Instead, it is financial statement preparation, cash flow management, transaction processing, virtual CFO services, controllership, and business advisory. Q: How is this different than bookkeeping or write up services?

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xendoo

MARCH 18, 2021

It’s time to go beyond merely tracking the ins and outs of your books and to start focusing on accounting and the financial health of your growing business. Choosing an online accounting service for your small business is the best way to keep your books updated, in compliance, and thriving. When you have been audited.

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xendoo

AUGUST 9, 2021

Good business bookkeeping is vital for any successful company, both for legal and financial reasons. Accurate information from bookkeeping is not only necessary to know where your business stands financially at a given moment, but it is also essential for strategy planning, managing cash flow, and predicting profitability. .

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PYMNTS

FEBRUARY 20, 2020

“Based on other partnerships in this realm, Taxfyle has found that when bookkeeping services integrate a tax-filing function into their platform[s], customer churn drops by about 30 percent month over month,” the announcement stated. Xero, Square Integrate For Faster Invoice Payments.

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