Forecasting Revenue the Right Way

 

Most businesses put forecasting revenue at the bottom of their priority list. But this can be a big mistake, since Revenue forecasting is one of the most important aspects of any business. In fact, it's essential for businesses to have some idea of what their revenue will be in order to make strategic decisions about where they should focus their time and resources. you can get forecasting revenue including with online bookkeeping services. There are a number of different ways to go about forecasting revenue, and the right method depends on the individual business.

Top 4 forecasting revenue method

Straight-Line Method

The straight-line method is a technique used to estimate future revenue by assuming that revenue will grow at a steady rate. This method can be used to project future sales, profits, or other financial metrics. It's important to note that the straight-line method is just an estimate, and actual results may vary. By using this method, you can get a general idea of how your business is performing and plan for future growth.

Moving Average Method

In order to forecast future revenue, many businesses use a method called the moving average. This involves taking recent data points and averaging them together in order to come up with a projection for future revenue. There are different ways to calculate a moving average, but all serve the same purpose: giving you an idea of what to expect in terms of sales.

Simple Linear Regression

Simple linear regression is a commonly used technique for forecasting purposes. It can be applied to any number of variables and will show the relationship between them, as well as how changes in one variable impact another. For example: if we compare advertising costs with promotion expenses it would tell us whether or not our ads are worthwhile based on this measure alone!

Multiple Linear Regression

Multiple linear regression is the most popular method for analyzing multiple variables in a data set. This technique can be used to forecast revenue based on all relationships between those pieces of information at once, which makes it an excellent choice when you have more than two predictors or inputs that affect your outcome variable (such as customers).

MAC utilizes the latest in technology and software to put you on the right path. Plan for the future by using financial forecasting and revenue forecasting, you will not regret it!.

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4 Signs Your Business Needs Online Bookkeeping

 

Are you a small business owner who is struggling to keep track of your finances? If so, online bookkeeping may be the solution you are looking for. Online bookkeeping is a great way to manage your money and keep your business organized.

Here are four signs that you need online bookkeeping:

1. Bookkeeping Takes Time Away from Your Business… and Your Life

Bookkeeping is a necessary evil for most businesses. It takes time away from what you’re good at – running your business. But it doesn’t have to. An online bookkeeping service can take care of all your bookkeeping needs so you can focus on what you do best. Not only will this free up your time, but it will also free up your mental bandwidth so you can worry less and live more. Check out the top online bookkeeping services to find the perfect one for your business.

2. Your Books are Behind

Many business owners, especially those just starting out, assume that their bookkeeping is up to date because they are tracking sales and expenses in their heads. However, if you're not writing everything down and recording it correctly, your books are behind and your financial picture is inaccurate. This can lead to problems down the road when you need to make tax decisions or get a loan. Don't let this happen to you - get started on accurate bookkeeping today!

3. You are Not Sure if You are Doing Your Books Correctly

Are you doing your own books and unsure if you are doing them correctly? There is no need to worry, you are not alone. Many small business owners struggle with bookkeeping, but it is a very important task. In this blog post, we will discuss some of the most common mistakes people make when doing their own books and how to avoid them. We will also give you some tips on how to make bookkeeping easier for yourself. So, whether you are just starting out or have been doing your own books for a while, read on for helpful advice!

4. Tax Season is Chaotic

Although tax season is often a chaotic time for individuals and businesses, it's important to make sure that all required paperwork is filed on time. Filing your taxes late can result in penalties and interest charges, so it's crucial to plan ahead and get prepared as soon as possible. If you're not sure where to start, consult with an accountant or online bookkeeping service to make sure everything is taken care of correctly. By planning ahead and being organized, you can avoid any potential headaches down the road.

THE IMPORTANCE OF BOOKKEEPING

Bookkeeping may seem like a mundane task, but it's actually an important part of any business. By keeping track of your expenses and income, you can make sure your business is on track financially. Without accurate bookkeeping, it can be difficult to make informed decisions about your business. That's why it's important to find a bookkeeping solution that works for you. There are many options available, so take the time to find one that fits your needs. With the help of a QuickBooks bookkeeping solution, you can keep your business running smoothly and efficiently.

MAC DOES IT FOR YOU

Bookkeeping can be a daunting task, but it doesn't have to be. MAC Bookkeeping is here to help you take the hassle out of bookkeeping so you can focus on your business. We offer customized bookkeeping services that are tailored to your specific needs, and we'll work with you every step of the way to make sure your books are in order. So why wait? Contact MAC Bookkeeping today and let us take care of everything for you!

Contact us here for Online Bookkeeping services for small business.

How to Find a QuickBooks ProAdvisor

 

A QuickBooks ProAdvisor is a bookkeeper, accountant, or certified public accountant (CPA) who has been trained, tested, and certified by Intuit. By mastering a series of exams successfully, these professionals can assist QuickBooks clients and their employees with navigating and leveraging the software to the best of its ability. These exams demonstrate proficiency with one or more QuickBooks products. To maintain certification, the ProAdvisor must recertify every year by taking the latest exam.

The following are the 3 best places to find a QuickBooks ProAdvisor.

1. QuickBooks ProAdvisor Website

As of 2017, there were more than 200,000 QuickBooks ProAdvisors worldwide. To find a QuickBooks ProAdvisor near you, check out Intuit’s Find a ProAdvisor website. This site allows you to search for a ProAdvisor near you quickly and easily by entering your city, state, or ZIP code. To filter the search further, you can search by the specific types of services that you need.

If your search yields hundreds of results, you can narrow it down by selecting the type of industry. If you are in a sector that has specific accounting requirements, such as a nonprofit organization, it is recommended to filter the results to fit those requirements. In this case, it would be beneficial to hire a QuickBooks ProAdvisor who specializes in nonprofits.

2. QuickBooks Live

MAC is an online bookkeeping service that connects small businesses with QuickBooks ProAdvisors. Rather than dealing with an independent ProAdvisor, you will work with these professionals through QuickBooks. The team of QuickBooks MAC Bookkeepers has expertise in almost all industries. Their service involves three phases: cleanup/setup, ongoing bookkeeping, and month-end close. You’re not limited to a set amount of time per month, and you have the option of scheduling a video call once or twice per month to discuss any questions and to review month-end results. Depending on your needs, prices range from $200 to $600 per month

3. LinkedIn

LinkedIn is a professional networking website that is also a terrific resource for referrals. It is easy to conduct a search for “QuickBooks ProAdvisor” and filter the results for your area. You can also post a request for referrals, as it is likely that someone in your network is connected to one already. This is also a great opportunity to ask for an introduction, and you can also filter the search for your industry.

The Ultimate Guide to Finding the Perfect Outsourced Bookkeeping Service

 

How on earth do you find the perfect outsourced accounting and bookkeeping company? I know, it sounds like a task that is impossible to accomplish. However, with this ultimate guide to finding the perfect outsourced accounting and bookkeeping company, you will be able to find the best one for your needs in no time! With these tips below, you will have all of the tools necessary to make sure that your business runs smoothly.

If you're looking for some expert help with your accounting and bookkeeping, then this post is perfect for you. Here at Outsourced Accounting and Bookkeeping we have helped many different types of businesses grow over the years. We are here to provide professional services that will meet all of your needs. Let our experts take care of your business so you can focus on what is important!

Before You Start Comparing Outsourced Accounting and Bookkeeping Services

If you're looking for online bookkeeping services, it's easy to get overwhelmed by the options available. There are so many providers that offer a variety of services and packages, it can be difficult to find a company that meets your needs. To make things easier on yourself, take some time to figure out what you need before comparing outsourced accounting and bookkeeping services.

Here is several challenges business decision-makers have that may be overcome by partnering with a best-fit accounting and bookkeeping agency.

• Data entry, duplication, and other inaccuracies

• Challenges preparing records for transfer to your accountant for tax filing

• Non-accounts are doing double duty taking on bookkeeping tasks

• Small, dedicated internal bookkeeping staff

• The time and costs of onboarding qualified bookkeeping talent are burdensome

• Need to reduce payroll costs

• Looking for an agile, flexible bookkeeping option that can scale rapidly to market changes and business growth

Contact us here for Accounting & Bookkeeping Services.

Why Professional Bookkeeping Service is Essential for Small Businesses?

Bookkeeping Services is the process of recording and maintaining the financial transactions related information about any businesses. Professional Bookkeeping Services is essential for any business. It is imperative to the success of any business to keep the record of each transaction whether it is related to revenue or expense. It has been seen through from sale side company has achieved the new height. But when we talk about their profitability business is running on loss reason being business is not able to maintain the documents. Bookkeeping is not only essential because to check the profit and loss but there is the number of things/transactions depends on bookkeeping. Tax Computation – Business has to provide the information related to the local regulator concerning business profit or losses, accordingly profit or loss can be calculated to the respective authority. This information has to be accurate as well as presentable manner failure to keep up to date with respect to tax information can lead to severe penalties.

Maintain the Cash Flows – Maintaining the proper cash flow is essential to the success of any business growth. If cash flow is not accurate, it can hurt day to day operations.

Track the Expenses – Expenses done while running the business operation is required to account far to claim the deduction. The accounting ensures that the business person is doing the bookkeeping from the out-going perspective and accordingly can be monitor from tax purpose.

Profitability and Growth – Bookkeeping in a proper manner ensure that actually, business is running in profit or not. In case owner observes there is a problem in that scenario corrective action can be taken.

Myaccountsconsultant is well known for the quality of its Online Bookkeeping Services. We can provide outstanding accounting services to our clients only because of our dedication to the principles of responsiveness and quality management. Getting a good bookkeeper is quite hard, simply because professional bookkeeper can do wonder for your business. We can provide Professional bookkeeping services to the start-up and small business at the most affordable cost.

Outsourcing bookkeeping services offered by us will help you to identify the financial indicators and performance readily, enabling you to make the right decisions at the right time.

The key Benefits a Company will gain by Outsourcing Bookkeeping:

• Cost savings and efficiency
• Operational control
• Staffing flexibility
• Enables innovation
• Focus on Your Core Business

Contact us today for Trusted, Affordable and Cost-effective Certified Bookkeeping Services.

Why Should You Use QuickBooks for Small and Medium Business?

The bookkeeping services are the process of recording and maintaining financial transactions related to information about any business. Professional bookkeeping services is very essential for any business. It is imperative to the success of any business to keep the record of each transaction whether it is related to revenue or expense. It has been seen through from sale side the company has achieved the new height. But when we talk about their profitability business is running on loss reason being business is not able to maintain the documents. Bookkeeping is not only essential because to check the profit and loss but there is the number of things/transactions depends on bookkeeping.

Myaccountsconsultant is well known for the quality of its virtual bookkeeping services. We can provide outstanding accounting services to our clients only because of our dedication to the principles of responsiveness and quality management. Getting a good bookkeeper is quite hard, simply because professional bookkeeper can do wonder for your business. We can provide professional bookkeeping services to the start-up and small business at the most affordable cost.

Outsourcing bookkeeping services offered by us will help you to identify the financial indicators and performance readily, enabling you to make the right decisions at the right time.

Contact us today for Trusted, Affordable and Cost-effective Certified Bookkeeping Services.

Benefits of Online Bookkeeping services for Business

The revolution of technology in today’s time has completely changed the way business is done with Virtual Bookkeeping services, forever. The industry has become more practical and on-the-go, where reach and access have become much easier than it used to be, enabling businesses to churn more profit. One of the significant parts and reasons for this development is bookkeeping. It has made an enormous difference for the business owners nowadays. The advantages of bookkeeping are plenty. They are discussed as follows:

• Money-saving – Maintaining a proper record helps in using the stored money for paying employees. By outsourcing for Online bookkeeping services, you only pay for what you need—nothing more, nothing less. This helps in saving productivity costs as well.
• More time – Outsourcing for bookkeeping gives you frees a lot of your time that can be used in growing the business for good. This helps in focusing only on the development of the company as there no backlog left that can slow the process down.
• Focused employees – Bookkeeping cab be a tedious task, and it may distract your employees. By outsourcing for Quickbooks bookkeeping services, you will clear out space for tour employees to focus on better things and provide space to them which was being consumed for bookkeeping.
• Access to several systems – Since outsourcing doesn’t require expensive setup and tools, it frees a lot of space and allows you to access the top systems. These systems create a regular backup, and the work is done in an organized form.
• Scalability option– Bookkeeping helps you to invest or cut down without worrying. Whether you are planning to grow the business or you’re planning to cut back on the expenses, this ensures you never fall short of money and are always aware of the investment. Outsourcing provides the flexibility that in-house bookkeepers just can’t offer.

Contact Us, When it comes to online Accounting Firms, choose someone who is abreast of all these accounting and bookkeeping reforms and ensures the best of services to you and your company.