Small Business Accounting Software: A Skagit County Owner’s Guide

SkagitCountyTaxServices

For as long as trade has existed, so has accounting. And it wasn’t THAT long ago that electronic spreadsheets were considered “a big advancement” in accounting technology. Businesses put away those old ledger books and took to smudge-free financial data entry.

The Essential Small Business Accounting Services’ Guide to QuickBooks

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In-House or Outsourced CFO: Comparing Business Accounting Services

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Outsourced Accounting Services

Remitr Launches Global Business Accounts For SMBs In Canada

PYMNTS

Toronto’s Remitr , which works in business payments, has launched a new solution for setting up international payments in a quicker, more efficient manner, according to a press release.

Wirex Rolls Out Beta Version Of Crypto Business Account

PYMNTS

Wirex, a cryptocurrency and fiat (real money) payments platform, is releasing a beta version of a regulated crypto-oriented business account, according to reports. The account will support both crypto and fiat payments, and users will be able to transfer funds using over the counter rates or using blockchain, SEPA or Swift. Cryptocurrency and business relationships have been slowly becoming more mainstream. to allow businesses to pay their corporate taxes in bitcoin.

How to Provide "View-Only" Business Account Access to Your Outsourced Accountant

FusionCPA

Accountants and bookkeepers are responsible for recording, organizing, and analyzing your business transactions. Most accounting institutions recommend that businesses pay invoices and receive payments directly through their banks.

GreenBox POS Enables Same Day ACH Deposits To Business Accounts

PYMNTS

Payment solutions company GreenBox POS has announced a new Same Day ACH program to help businesses manage point of sale (POS) to business payments faster than usual, according to a press release.

Small Business Accounting Software FreshBooks Rolls Out In UK

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With a continuation of its global expansion, small business accounting software maker FreshBooks has rolled out in the United Kingdom. The firm is also rolling out a new set of functions geared toward Biritsh business needs, Accounting Today reported.

Paysend Wields Open Banking For Business Account Services

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9), Paysend announced the rollout of Paysend Connect, a business payment account that allows companies to open multi-currency business accounts, issue Mastercard corporate cards and initiate SEPA and SWIFT transfers. For banks, Paysend Connect supports access to Crassula’s open banking technology to augment their own offerings to business customers. For businesses themselves, users can white-label a range of FinTech services into their own platforms.

Starling To Open Business Account Services Beyond Sole Traders

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“We started with a retail current account and then we launched business accounts, first for limited companies with a single director and now for sole traders as well, and soon for multi-director limited companies,” she said. ” Starling Bank first announced its plans to step into the business banking space last year, only four months after it launched its app-only current account services for individual consumers.

HSBC Business Accounts Frozen After AML Misstep

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has reportedly frozen some small business (SMB) bank accounts, according to news reports from Reuters. The frozen bank accounts, which have occurred in the last two months, are a result of the broader effort to crack down on money laundering. Now, dozens of SMBs have reportedly been closed out from their accounts after answering questions from HSBC U.K. case, Martyn Fisher owns a company that does business across Asia that also saw its account frozen by HSBC.

Experian API Enables Faster OCBC Business Account Opening

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Singapore bank OCBC is accelerating the bank account opening process for startups through a collaboration with Experian. 4) said Experian’s API will allow startups to open a business bank account with OCBC immediately following incorporation. The tie-up means startups will no longer have to wait one day to open a bank account following incorporation, the announcement noted.

Top Tips To Find A Good Accountant For Your Business

AccountingDepartment

From one-man-teams to small and medium-sized businesses, accounting services are now a mandatory requirement of operations. But you probably don't need to hire an accountant or bookkeeper internally; you just need a trustworthy professional to work with.

5 Financial Metrics and KPIs to Help Your Business Grow

AccountingDepartment

As a business owner, there are many different metrics and KPIs out there for you to follow that can give you insight into your company's current standings, along with assistance when it comes to future planning and goal setting.

Become a Member of PASBA to Enjoy These Benefits

PASBA

Are you a public accountant, certified public accountant, or enrolled agent who would like to earn more business, learn new skills, and connect with fellow accounting professionals? If so, we invite you to learn more about the many benefits of joining the Professional Accounting Small Business Administration (PASBA). At PASBA, it’s our goal to transform the way our members think about their role as an accountant.

Small Business Tax Deductions for 2021

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Tax season feels particularly overwhelming for small business owners. In this blog post, we will share popular small business tax deductions that you may be able to claim for the 2021 tax year! Business Travel Expenses . Business Use of Your Car. Business certifications

Can Accounting Reports Really Be Beautiful?

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Consulting Business. Small Business Finances. Can Accounting Reports Really Be Beautiful? Can Accounting Reports Really Be Beautiful? As a small business owner, what is more rewarding than focusing on the area of your business that you are most passionate about? To invest your uninterrupted attention in doing the things that pushed you to start your own business in the first place?  Services Online Audit. Strategy First.

6 Helpful Accounting Tips For A Start-Up Company

AccountingDepartment

As with any type of business, proper management of finances, and having a dedicated team or staff to handle said finances, is a critical component to long-term success.

How Payroll Automation Can Empower Accounting Firms (and their Clients.)

Accounting Insight

It’s true that behind every successful business, you’ll find an equally exceptional accountant. In a world where clients expect high levels of efficiency from their external providers, automating recurring tasks, like payroll, doesn’t just make sense – it’s smart business.

3 Ways to Make a Smooth Transition into the Advisory Space

Accounting Insight

Clients may not see how an accountant could offer business advice, or they may be overwhelmed by all your offerings. Not because you aren’t skilled or interesting, but because, in the story of the business, the business owner is the star.

What to include in the preparation of monthly management accounts?

Wellers Accounting

Joe Lennon FCCA highlights the different reporting elements and benefits of management accounts.

AccountingDepartment.com Co-Founder, Dennis Najjar, Featured On The AmiSights Podcast

AccountingDepartment

AccountingDepartment.com Co-founder, Dennis Najjar, had the opportunity to join Ami Kassar, Business Strategist, on the AmiSights podcast.

Surviving a Cash Flow Shortage

AccountingDepartment

If you have a cash shortage with your business, it is important to have a strategic plan to survive and reverse the shortage. Keep in mind that over 80% of businesses fail due to a cash flow shortage crisis, so putting some of these tips in action may protect you in the long run!

Insights from the AICPA Engage 2021 Conference

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Small Business Advice and Tips accounting strategies small business bookkeeping accounting software small business tips accounting small business accounting tips accounting trends budget dashboard budgeting reports budgeting aicpa jirav engage 2021 forecasting

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Demand is Increasing for Accountants to Help with Human Resources Issues

PASBA

Today’s small business owner faces a significantly greater challenge in managing human resources regulations at the federal and state levels along with increased regulation in all aspects of their business. Accounting firms that can assist their clients with managing human capital and financial concerns at the same time can truly stand out from the competition. Clients Already Trust Their Accountants. Is Your Accounting Firm Considering Adding These Services?

How to Help Your Clients Gain Control of Their Cash Flow

PASBA

According to a recent study by US Bank, poor cash flow management is the reason for business failure more than 80 percent of the time, and it’s especially common with small businesses. That means there’s a good chance your clients may feel desperate for help when they visit your accounting practice. Some small business owners have no idea how much money leaves their company.

What If I Don’t Have Receipts for Last Year’s Business Expenses?

MazumaBusinessAccounting

It’s tax time and you don’t have receipts for last year’s business expenses. When it comes to travel expenses and business trips, if you don’t have receipts, you’ll need to do the same thing. Another way to account for lost receipts is to show a pattern of spending.

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Creative Ways to Improve Cash Flow in a Growing Business

AccountingDepartment

If you run a business, then you already know how important cash flow is to your operations. And the only way you can spend money is if you have a healthy cash flow in your business. Improve cash flow to keep the doors open and free up cash to reinvest and grow your business.

ADC’s Cathy Becker to Join Jirav at AICPA Engage

AccountingDepartment

This session promises insights from process innovators, sharing tips on how to develop a scalable forecasting and budgeting service offering for clients, opportunities to position it appropriately, and ultimately, create a new profit center within accounting firms and services.

How to Stay Profitable With an All-Remote Team

PASBA

Onboarding is a crucial part of our business. Spend as much time vetting new hires as you do searching for new business. These great resources are provided by our partners at Jetpack Workflow, the leading workflow software provider for accountants and bookkeepers. With so many people working from home right now, here are some valuable tips for making the most of this situation for your firm and your clients. Customer experience is everything.

Top 4 Numbers That Drive Your Business Success

MazumaBusinessAccounting

Are you looking to build your business? As small business owners, it is easy to get distracted by the length of our to-do list and lose sight of the important factors that drive our business’ success. Let’s start with the business basics—sales, also known as revenue.

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Minimizing Accounts Receivable Process Time for Greater Cash Flow

AccountingDepartment

All businesses want to increase their cash flow rate, but sometimes cash flow delays come from within the company itself. Time-consuming manual processes and an Accounts Receivables (AR) staff that may be in the dark for some critical information can all be connected to a slow AR process.

Dangers of DIY Accounting

MazumaBusinessAccounting

It can be tempting to cut corners when laying the foundation of your business. Most new business owners try to pinch pennies where they can—even in areas they shouldn’t. For almost all businesses, making money is a priority, but how you manage that money is equally important.

The Ultimate Guide to Finding the Perfect Outsourced Accounting and Bookkeeping Service

AccountingDepartment

Continue reading for help with this ultimate guide for finding the perfect outsourced accounting and bookkeeping services provider.

Everything you need to know about Account Reconciliation

AccountingDepartment

Entrepreneurs, small business owners, and CEOs of large corporations are all responsible for monitoring an organization's financial health. And, at the end of the day, it's a business leader's responsibility to ensure all accounts are balanced and accurate.

5 Commonly Missed Small Business Tax Deductions

MazumaBusinessAccounting

Whether you know it or not, you could be leaving hundreds—even thousands—of dollars on the table by missing a few lesser-known small business tax deductions. Avoid overpaying taxes this year by making sure you’ve reviewed all small business deductions to see if you qualify.

Basic Financial Statements That Anyone Should Know

AccountingDepartment

Although individual financial statements each provide different snapshots of financial health, all financial reports reflect business activities that produce a company's profit or loss.

Signs It's Time To Step Up Your Financial Reporting Game

AccountingDepartment

Having access to data is one of the most important factors that come into play when running a business. Small Business Advice and Tips small business tips accounting tips business accounting business strategy netsuite reporting financial reporting business process automation netsuite tips

5 Ways to Make Halloween Candy Tax-Deductible

MazumaBusinessAccounting

As a business, you can use Halloween candy as a tax write-off if you figure out a way to make it business-related. Attach your business card or a promotional flyer to packets of M&M’s and voila! Business Accounting Business Taxes Creative business taxes tax deductible

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How to Make Sense of Your Small Business Financial Reports

MazumaBusinessAccounting

Even though we’re accountants, we get that financial reports aren’t at the top of every small business owner’s to do list. Most small businesses run on slim budgets and personnel staff of one or just a few. Business Accounting