Tuesday, 20 April 2021

Bookkeeping Tips for Real Estate Investors

 

Bookkeeping Tips for Real Estate Investors

As a real estate investor, you may not be accounting for your personal expenses that are now business-related. You're also likely operating on a tighter time frame and using more resources than before. This can make the task of managing finances both difficult and complex.

Real estate investors can save money and time by hiring a bookkeeper to handle their business books. This article will cover some of the best tips for real estate investors who are looking into hiring a bookkeeper. In this blog will clear about the why your business needs bookkeeper for your real estate business. Real Estate Bookkeeping Services for Real Estate Owner and Investor help lots.

1. Keep Your Business and Personal Accounts Separate

A common accounting mistake is mixing business and personal accounts. It's easy to forget that you've paid for a meal or coffee if it was charged on your personal credit card, but then later reconcile the expense as an out-of-pocket cost. Keeping your personal and business finances separate will help keep both sets of records accurate and up-to-date, which can save money in the long run by avoiding penalties from late payments or missed deadlines.

2.Track Your Expenses by Creating a Book and Supporting Documents

We all know how expensive life can be. It seems like every day there's a new expense that needs to be taken care of, and it's hard to keep track of everything. You may need to pay for food, clothing, car maintenance or the electric bill. Sometimes these expenses seem to pile up so high you start wondering where your money is going!

3. Track and Itemize all Income and Expenses

If you're looking to get organized, and save money on taxes in the process, then you need to track your expenses. As a business owner, it is important that you keep accurate records of all of your expenditures so that they can be deducted from taxable income at the end of the year. The good news is that this task doesn't have to be daunting or tedious – there are plenty of apps for both Android and iPhone users which make tracking expenses quick and easy.

4. Make Sure your Book Matches your Bank Account

What are you doing with your books? You might think that it is just for record keeping, but there is a lot more to the story. If you want to make sure that everything matches up when it comes time for tax season, then you need to know how important your bookkeeping is!

5. Generating Solid Profit-Loss Reports

What are you doing with your books? You might think that it is just for record keeping, but there is a lot more to the story. If you want to make sure that everything matches up when it comes time for tax season, then you need to know how important your bookkeeping is!

If you are a small business owner, you know that there is no easy way to make good decisions without accurate accounting. Generating solid profit-loss reports is one of the most important tasks for any entrepreneur - and it's not as hard as you might think.

Myaccountsconsultant are here to help you maintain profitability in your business, from bookkeeping to tax advice for real estate. For advice regarding your specific circumstances, please reach out to our experienced and knowledgeable team at +1 (877) 761-9996, or send us an e-mail accounts@rayvat.com. We will use our years of experience to guide you in establishing your real estate investments and assist you in making well-informed business decisions for you and your property.


Quickbooks For Real Estate Agents and Brokers

 

If you're a real estate agent or broker, then you need to know about Quickbooks.

Quickbooks is an accounting software that makes it easy for agents and brokers to track their earnings, expenses, and taxes. It also helps them manage their business by keeping track of what they owe on invoices and bills. With this tool at your fingertips, there's no excuse not to be organized!

Quickbooks For Real Estate Agents and Brokers

Quickbooks For Real Estate Agents

The accounting and bookkeeping of a business is not an easy task. It takes time to get everything set up and properly tracked in the financial system. This can be especially challenging for someone who does not have experience with the processes, or has never had any training on how to work with Quickbooks. With all that being said, there are many benefits associated with using Quickbooks for real estate agents that should not go overlooked. So if you are not aware with Quickbooks for Real estate then Real Estate Bookkeeping services help you in manage everything on Quickbooks.

Quick and Easy

Accountants and bookkeepers have a lot of work to do in order to get their jobs done. However, not all tasks are created equal. There are some things that can be done quickly and easily without much thought or time needed.

Save Money

When you are working with the Quickbooks for your real estate business, then Quickbooks helps you in managing entire your business financial health and business. So when everything you can track and manage the its everything easily and helps to save money.

Make Better Business Decisions

Decisions are being made every day and it's important to have a system in place that can help make these decisions quickly. Imagine if you were running the accounting department for a $250 million company- how many decisions would be made on a daily basis? The business world is constantly evolving, so it's important to stay up-to-date with best practices and new technology so that your organization can grow as well.

Setup Quickbooks Step-By-Step

The time has come to finally set up your QuickBooks account. It's not as complicated as you may think and it can be done in a few hours, so that you're ready for the next tax season.

If you are looking for Quickbooks for Real Estate Agents and Brokers, then myaccountsconsultant helps you manage all.

Contact us here for Real estate Bookkeeping Services on QuickBooks.

Monday, 19 April 2021

Benefits of QuickBooks Bookkeeping Services

 

QuickBooks Bookkeeping Services

Do you need assistance with QuickBooks bookkeeping services? Your small business can benefit from the peace of mind that comes with knowing what your financial situation is. By outsourcing this task to a professional, you will never have to worry about keeping up with accounting and compliance ever again.

A company that specializes in QuickBooks bookkeeping services will be able to assist you when it comes to:

-Reconciling accounts

The process of reconciling accounts is one that many people dread. However, it's an important part of the accounting cycle and should be done on a regular basis to ensure accurate financial statements. In this article, we'll go over exactly what reconciliation is and how you can reconcile your account balances in less time than ever before with our easy-to-use tool!

-Monitoring cash flow

It's important to monitor your cash flow to ensure that you can cover expenses and make payments. Your business needs a budget of its own, which includes monthly or yearly cash flow projections.

-Maintaining balance sheets

The balance sheet is one of the most important financial statements. It summarizes a company's assets, liabilities and shareholders' equity at a specific point in time. A company's balance sheet can provide insights into its liquidity, profitability, solvency and overall health.

There are many benefits to hiring a QuickBooks bookkeeping service. One of the most important is that they can provide financial statements and tax returns for you, saving you time and money. They also have the expertise to handle your finances more efficiently, making them an asset to any business or individual looking for help with their books.

You will be able to sleep better knowing that someone else is going over your finances each day, so that nothing gets missed or overlooked. If this sounds like something you would be interested in, call myaccountsconsultant on +1 (877) 761-9996 for a consultation today!


Sunday, 18 April 2021

How to Migrate from Wave to QuickBooks

 

Different accounting and payment-related features missing in Wave often promote QuickBooks as an alternative. QuickBooks, on the other hand, offers a variety of features to cater to the accounting needs of all types and sizes of businesses. With features such as full-service payroll and easy bill payment, QuickBooks is equipped with bill payment capability that Wave lacks. If you have been using Wave previously and recently shifted to QuickBooks, you can preserve all your data and import it into QuickBooks. QuickBooks Desktop solution allows you to do it with the utmost ease.

Wave-to-QuickBooks-1 (1)

What Are the Advantages of Migrating from Wave to QuickBooks?

  • Wave doesn’t have much to offer to mid and large-sized businesses, while QuickBooks addresses the needs of all small, mid, and large-sized businesses effectively. QuickBooks can help you with strong accounting features and connected QuickBooks services.

  • QuickBooks offers excellent reporting capability, enabling you to get a high-level view of your data with just a few clicks. You can import your data from Wave and use QuickBooks reporting tools to get a clear picture of the business.

  • Wave to QuickBooks migration can provide you multiple budgeting tools that Wave lacks.

  • The latest versions of QuickBooks Desktop have receipt processing and warehouse management features enabled, whereas Wave inventory features leave a lot to be desired. Migrating from Wave to QuickBooks can allow you to scan your receipts send them to expense entries using the QuickBooks Desktop inventory tracking and receipt management app. The app also helps you track your inventory more efficiently.

  • While migrating from Wave, you can import lists such as customers, vendors, chart of accounts, products, services, and more. You can also import invoices, credit notes, sales receipts, and bills to keep your data integrated for efficient reporting and analytics.

MAC Can Simplify Wave to QuickBooks Migration

The challenges to import your files while preserving their content start with bringing the files to the physical computer where QuickBooks is installed. Moreover, Intuit doesn’t currently offer an app or assisted technical support for migrating from Wave to QuickBooks. MAC is Certified Quickbooks and helps you access your software remotely on systems where your CSV or Excel files are stored, enabling you to import your data into QuickBooks swiftly.

Contact us here for Wave to QuickBooks Migration.

Tuesday, 13 April 2021

Top Reasons Your Small Business Needs a Bookkeeper

 
Top Reasons Your Small Business Needs a Bookkeeper

Are you behind on your books? Losing track of your expenses? Do you need someone who can help you file your taxes and stay compliant? 

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. A skilled bookkeeper will save you time and money, set you up with systems that will simplify running a small business, keep you tax compliant and ready, and ensure you are always in-the-know when it comes to your financials.

SAVE TIME

SAVE TIME

Whether you’re filing your taxes or just doing simple data entry, it is incredibly easy to make mistakes when you aren’t a professional bookkeeper and these mistakes can cost you a lot of time. When it comes time to speak with a lender, make a big decision, prepare your taxes, or just wrap up your monthly reconciliation you might end up having to undo an entire month’s worth of data entry – or likely even more due to one little mistake. 

SAVE MONEY

SAVE MONEY

Small business bookkeepers and bookkeeping services can save small businesses money in many different ways. Since one simple slip-up in bookkeeping can have a huge ripple effect and cost you a massive amount of time as you try to fix your problems – you know you’ll be saving money by trusting a professional with your books from the start. 

PAYROLL

PAYROLL

A small business bookkeeper can save you time and money by managing your business’s payroll – and many choose to use QuickBooks payroll services such as QuickBooks. With QuickBooks, you can schedule payroll to run automatically each pay period, and even reimburse employees for out-of-pocket expenses at the same time.

FINANCIAL REPORTS

FINANCIAL REPORTS

Small business owners who have access to up-to-date financial statements are more confident and quick in their decision-making. Every kind of decision, from what kind of inventory and equipment to invest in, to who to hire next, is made easier when you have a recent profit and loss statement and balance sheet in hand.

CONCLUSION

Hiring a small business bookkeeper or bookkeeping service like Myaccountsconsultant will keep your books organized and accurate so you always have easy access to the most up-to-date information on your company’s finances. It is invaluable to your business to have the administrative details taken care of, so you can focus on running your business and doing the parts that you do best – or even taking a day off!

Monday, 12 April 2021

QuickBooks Online vs Enterprise : Select best QuickBooks version


It can be confusing to decide which version of QuickBooks Online vs enterprise. Today we'll take a look at QuickBooks Enterprise vs. QuickBooks Online - two of Intuit's most popular products. We'll dive into what features you can expect from each piece of software, the differences between them, and how to make your ultimate decision!

QuickBooks-Online-vs-enterprise-Which-is-Best-QuickBooks-Version-for-your-Business

QuickBooks Enterprise

QuickBooks Enterprise is, in market opinion, the most powerful accounting and bookkeeping software on the market at its price point. It has been on the market since 2002 and has added features and functionality every year since. It can handle a large volume of data, and has advanced reporting options that give users more flexibility.

QuickBooks Online

QuickBooks Online is a cloud-based accounting software optimized for small to medium businesses. As a user, you will access QuickBooks Online through your browser by going to a website where you log on to do business. It is available for up to 5 users at a monthly or annual cost, you can choose plan as per your business reqirement.


How to determine the best solution for your business?

To determine the best QuickBooks version for your business, you need to ask yourself a few questions:


1. What are your current bookkeeping/accounting needs?

2. Do you anticipate significant business growth in the near future?

3. Which software offers features to complement these needs? Compare the features offered by the three products and weigh them against the prices. Is there a feature that you cannot do without?


If you still confuse about the choosing best QuickBooks version for your business, then MAC can help you as certified QuickBooks Pro Advisor and can suggest your best QuickBooks version as per your business and need of your business. QuickBooks Bookkeeping Services help you in manage your financial solution with QuickBooks.


Read More: https://www.myaccountsconsultant.com/quickbooks-online-vs-enterprise-which-is-best-quickbooks-version-for-your-business/

QuickBooks Online vs QuickBooks Enterprise: Which is Best Version for your Business?

 

QuickBooks-Online-vs-enterprise-Which-is-Best-QuickBooks-Version-for-your-Business

It can be confusing to decide which version of QuickBooks Online vs enterprise. Today we'll take a look at QuickBooks Enterprise vs. QuickBooks Online - two of Intuit's most popular products. We'll dive into what features you can expect from each piece of software, the differences between them, and how to make your ultimate decision!

QuickBooks Enterprise

QuickBooks Enterprise is, in market opinion, the most powerful accounting and bookkeeping software on the market at its price point. It has been on the market since 2002 and has added features and functionality every year since. It can handle a large volume of data, and has advanced reporting options that give users more flexibility.

QuickBooks Enterprise is a desktop-based product. This means you download and install the product and can host it locally on your own servers. Many businesses, particularly those who deal with personally identifiable information (PII) prefer this extra layer of security.

QuickBooks Enterprise does sync with the cloud, but is accessed from your computer’s desktop and is available offline or behind a firewall. The product also available for up to 30 users, so is a good choice for a larger business where more employees need access to the accounting system.


QuickBooks Online

QuickBooks Online is a cloud-based accounting software optimized for small to medium businesses. As a user, you will access QuickBooks Online through your browser by going to a website where you log on to do business. It is available for up to 5 users at a monthly or annual cost, you can choose plan as per your business requirement.

Because QuickBooks Online is a SaaS product, that means you have access anywhere, any time, including on your phone and browswe. You don’t need to install any software, and updates are automatic with no need to download a package.

QuickBooks Online can be a great option for small businesses and companies with only a few employees. It has many of the same features as Enterprise at a fairly low, monthly cost.


How to determine the best solution for your business?

To determine the best QuickBooks version for your business, you need to ask yourself a few questions:


1. What are your current bookkeeping/accounting needs?

2. Do you anticipate significant business growth in the near future?

3. Which software offers features to complement these needs? Compare the features offered by the three products and weigh them against the prices. Is there a feature that you cannot do without?


Once you find the definitive answers to these questions, then it will be easy to decide whether QuickBooks Enterprise, QuickBooks Online, or QuickBooks Pro is right for your business.


If you still confuse about the choosing best QuickBooks version for your business, then MAC can help you as certified QuickBooks Pro Advisor and can suggest your best QuickBooks version as per your business and need of your business. QuickBooks Bookkeeping Services help you in manage your financial solution with QuickBooks.


Contact us here for the choosing best QuickBooks version for your business.