Category Archives: Bookkeeping

CASE STUDY: 4 Steps to Finding Financial Fraud in a Small Business

Uncovering Fraud Lately, one of our longest-standing clients had an incident of fraud. This was shocking to us, as we have done varying business management projects with them since 2008, and they even have back office systems for fraud prevention!

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Benefits of Outsourcing Bookkeeping for Small Business

Small business owners have choices when it comes to their bookkeeping. New owners often opt to handle the company books themselves. Although this may work when a business is in its infancy, the accounts for every growing firm will eventually … Continue reading

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5 Small Business Tax Deductions to Take Advantage Of

Business leaders can minimize taxable profit by taking advantage of tax deductions. The lower your taxable profit at the end of the year, the less you’ll have to pony up in additional taxes. Small business consultant services also recommend tracking … Continue reading

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Small Business Bookkeeping Best Practices: How to Avoid an Audit

No one enjoys being audited. It’s a laborious, stressful process, particularly for small business owners. Fortunately, you can decrease your chances of being audited by following the small business accounting tips listed below.

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Top 3 Reasons to Outsource Your Small Business Bookkeeping

Accountants can make your business dreams come true. If you’re a business owner, it’s unlikely that you’ve ever thought about small business bookkeeping services in such a Jiminy Cricket-ish way, but the bottom line is that precise accounting can help … Continue reading

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Small Business Bookkeeping Tips to Help You Stay Organized

Accounting and bookkeeping: Sometimes they seem like just one more item on the never-ending to-do list. It’s easy to let such things slip off your list of top business priorities. However, if you don’t track your company spending, expenses and … Continue reading

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Focus on Profit

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Aging Receivables

Aging Receivables refers to invoices businesses have sent to clients that remain unpaid. They age in days, and more than 90 days aged becomes a red flag for increase aggressiveness needed in collections. When they age more than a year, it’s time to get crazy, and if they age more than 2 years, they often become Continue reading

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