The lifeblood of any business whether small or large is financial integrity. Therefore, the efficient management of your small business accounting can help establish your success.
Keeping your accounting and finances in order should be an achievable goal. You’ll not only save time but also money. Bear in mind that organizing your accounting takes effort and time. Furthermore, you require a solid plan. Nevertheless, these invaluable tips will help you maintain efficiency.
For the 5th year in a row, we are excited to share the news that Out Of The Box Technology has made the Inc. 5000 list once again this year! This award recognizes the fastest-growing companies in America, many of which have grown sixfold since 2016 alone. We are honored to...
A business that lacks a budget sets itself up for various financial issues in the future. This applies to businesses of all sizes and ages.
On the other hand, a business that creates long and short-term business goals by developing a comprehensive business plan can develop a roadmap for economic success and expansion opportunities.
Here’s a list of signs that you need to re-examine your business budget.
Every business knows that payroll is vital to its operation. However, any problems, however minor, could affect virtually every business level. In fact, payroll mistakes are costing businesses thousands annually to rectify.
That’s why it’s imperative you develop a solid tax compliance and payroll processing plan to prevent possible payroll fees and errors. Here are 5 payroll mistakes to avoid.
With technological advancement, more businesses are considering virtual bookkeeping services. For some, the concept of a virtual bookkeeper is scary, while for others, it simply won’t work. For those that entertain this idea, they soon appreciate the benefits of using remote bookkeeping. Virtual bookkeeping permits a bookkeeper or accountant to offer services remotely....
Tax audits can be time-consuming, taxing, and possibly expensive. Small business proprietors who might be navigating complex tax policies for the first time or who work in businesses such as restaurants where errors are easy to make are particularly likely to draw unnecessary attention for the IRS.
An audit doesn’t need to be a painful, endless, and invasive process if you follow these tips.
Accounting mistakes happen occasionally, but you can avoid numerous common mistakes with proper preparation and planning. Remember, it typically takes more time to rectify an error than to get it right initially. Interestingly, it’s also cheaper to recognize and rectify errors early instead of waiting to correct the issue later. While some accounting...
These days, more businesses are turning to remote bookkeeping services due to technological advancement. For some businesses however, the concept of hiring a virtual bookkeeper is new and terrifying, while for others it simply won’t work. Over the past decade, a shift has occurred within the accounting and bookkeeping industries and the terms “virtual” and...
Our recent Technology Tuesday on the new QuickBooks features for version 2020 highlighted multiple features. We did a deep dive, not too long ago, on a key feature: Find a Company File option in the “No Company Open” window. Another key feature – Customer Payment Reminders – aids your business’ accounts receivable workflows in QuickBooks.
A look into the QuickBooks tool that makes tracking expenses, comparing expenses to revenue, and ensuring accurate records for your business. This webinar will help you understand the job costing tools that QuickBooks has to offer in their various software editions, as well as how out of the box technology...
It’s getting near the End of Life for QuickBooks 2017. For many longtime users, it’s that time of the year. For those of you who have just started using QuickBooks Desktop, you may be wondering what that means. Put simply: anyone still using 2017 will lose access to important add-ons, at the end of May 2020. Also, any live assistance for any inquiry or troubleshooting measure revolving around Desktop 2017 you currently utilize will not be available come May 31. What does this entail? Keep reading to learn exactly what services and apps are affected; and how discontinuation affects your support experience.
What is a data migration? How can a migration benefit my business? Is it time? These are all great questions, and certainly there are more lingering in your mind when it comes to your business.
Today’s Technology Tuesday insights have been percolating for a few hours. The presentation took us on roads toward jewels of financial insight. Some were principles long held in business, while others got to minute details around inventory and personnel management; the latter two made a teammate chuckle – while reminiscing of a college lecture on the equilibrium between “hiring/firing”. While this is an important business aspect, there were others meriting equal attention. Let’s journey, a little, shall we?