Tips to help you Finding a Great Bookkeeper that is right for you

 

Over the past few months I have met a lot of people in my area who are looking for a reliable and honest bookkeeper.  I have heard almost all of them state that they had a hard time finding a “good” bookkeeper.  Some of them had even been burned by there previous bookkeeper.

Tips to help you Finding a Great Bookkeeper that is right for you:

1.  Finding a Reliable Bookkeeper:

When hiring an outsourced bookkeeper there are a few “red flags” to watch out for.  First, ask the bookkeeper if they have a full or part-time job outside of their bookkeeping business.  Some bookkeepers are employed and decided to start a bookkeeping business to earn some extra cash.  Be wary of this situation.  You want to make sure that your bookkeeper’s first priority is his or her clients.  If your bookkeeper has an employer, chances are that their job will always be their first priority and you may have a hard time reaching them when you need to.  The other “red flag” to watch out for is stability.  You want someone who is local and has roots in their community, someone who isn’t planning on moving any time soon.  Ask the QuickBooks Certified bookkeeper how long they’ve lived in the area and how long they’ve been in business.  Make sure that your bookkeeper has a healthy and successful business, otherwise they may choose to close up shop and decide to get a full-time job down the road.

2.  Find a Knowledgeable Bookkeeper :

When hiring a new bookkeeper, always ask for references.  Make sure the references are current client’s of the bookkeeper and make sure you can find these businesses on the Internet.  I have reviewed other bookkeeper’s websites and have checked out their list of references.  I was surprised to see that many of the business references they listed did not have websites (or any other web listings for that matter).  This makes you wonder if these are actual businesses.

3.  Finding an Honest Bookkeeper:

One of the complaints I have heard most often is that some bookkeepers overcharge their clients.  This happens when a bookkeeper performs a task that should only take an hour or two but ends up billing the client for several hours of work.  The cause of this could be that the bookkeeper is dishonest or the bookkeeper is just slow.  Maybe the bookkeeper is slow because they are new to bookkeeping and are learning in the process or maybe they are slow in nature.  Either way, you shouldn’t have to pay for your bookkeeper’s short comings.

When hiring a new bookkeeper ask them how long it usually takes them to reconcile a monthly bank statement or set up a new company file and chart of accounts in QuickBooks.  Every client is different so it can be hard to tell a new client how long it will take to reconcile their accounts but the bookkeeper should have an average amount of time from their other clients.  I also recommend asking the bookkeeper several questions to test their skill level.  If you aren’t sure what to ask go on the Internet and search “questions to ask a bookkeeper’.  You will be directed to several sites with lists of questions to ask.

Conclusion:

When hiring a new bookkeeper you want to make sure that you hire someone who is knowledgeable, reliable, and honest.  Don’t settle for an “okay” bookkeeper.  Most counties have dozens of bookkeepers in the area.  Find a “great” bookkeeper, someone that is good match for you and your company.

Contact us here for the hire great bookkeeper for business to help you in manage your finance requirement.

How QuickBooks Enterprise Hosting Is Works For Enterprises?

 

Businesses are always looking for ways to save time and money. They have limited resources, and they need to be efficient in order to stay competitive. One way of doing this is by using QuickBooks Enterprise Hosting. These services will allow you to do everything remotely, which can drastically reduce the number of employees needed on-site as well as the amount of office space required. Not only will this make your business more efficient but it also saves you a lot of money!

The QuickBooks Enterprise Hosting is great for large enterprises with complex needs. It's the perfect solution for those who want to get their accounting up and running quickly, without having to spend a lot of capital or time on building out infrastructure.

Tips to QuickBooks Enterprise Hosting:

#1. Unhindered Mobility

QuickBooks Enterprise is the top-of-the-line solution for companies that need to have access to their data, regardless of location. With cloud computing solutions like QuickBooks Enterprise, you can manage your accounting in a way that makes sense for your business needs without being confined by geographic boundaries.

#2. Multi-User Collaboration

Multi-User Collaboration is a powerful feature of QuickBooks Enterprise that helps your accounting team work together more efficiently. With this feature, you can share data with up to 15 other users at the same time and collaborate on projects like invoices, payrolls, and reports. You don't need to worry about any one user taking over or making changes that are not approved by others because there's an approval process in place for all edits made in Multi-User Collaboration mode. QuickBooks Bookkeeping Services helps you with multiple quickbooks version.

#3. Premium Security Support

There are a few options for downloading this information, but in order to ensure that the right data is outputted, it's best to use the "Export Transactions" feature. This will go over how to set up your export preferences and then give you instructions on what exactly should be exported from your bank account or credit card company.

Final words

QuickBooks Enterprise Hosting is a unique way for large business to minimize their expenses, improve productivity, collaborate better, and protect their data from modern-day cyber threats.

If you’re already using QuickBooks Enterprise, try hosting it on the cloud to experience a modern way to complete your tasks. Reach out to one of our Solutions Consultants at (877) 761-9996 or click the below button.

Best Real Estate Accounting Tips for Agents and Brokers

 

If you're a real estate agent or broker, then it's time to start taking your accounting seriously. It doesn't matter if you're just starting out as an agent or broker and don't have a lot of clients yet - the tips will help you keep better track of your finances so that when the time comes for tax season, you are ready.

Why accounting is important for real estate businesses ?

Financial statements are an integral part of any business. They provide a detailed view of the company's financial health and allow real estate investors to make informed decisions about potential investments.

Since real estate is a capital-intensive industry, accounting is important for every aspect of the business from operating costs to acquisitions. A lack of accurate records can lead to costly errors when it comes time to pay taxes or manage projects. This will explore how accounting impacts real estate businesses in more detail and what tools they have at their disposal for success.

MAC provides professional bookkeeping and financial planning services to property managers and real estate companies. Our real estate bookkeeper team can help your business with essential accounting for real estate investors such as getting set up in QuickBooks or with advanced consulting on forecasting and strategy. Our High-experienced property management bookkeeper can help your real estate business with real estate accounting services such as getting worked on QuickBooks Online/Desktop or with advanced consulting on forecasting and strategy.

Read More: https://www.myaccountsconsultant.com/real-estate-bookkeeping-services/

Top 5 Must-Have Ingredients of Restaurant Bookkeeping

 

The recipe for success when it comes to restaurant bookkeeping is quite simple. The five ingredients are: a clear, concise plan, accurate records, timely updates, professional guidance and proper attention.

A clear plan will help your business thrive in the long run and make sure that you're on track with what needs to be done while also helping you avoid costly mistakes. Accurate records are essential if you want to know where your money goes - whether that's expenses or profits! Updating those records as soon as possible can help save you from errors down the line like double-charges or missing deposits.

1. Record Sales Daily:

It’s dangerously easy to fall behind on recording your sales. In fact, one of the reasons that bookkeeping for restaurants is often a mess is simply because owners and managers fall behind on basic tasks. To stay up to date, make a habit of copying or importing the sales from your POS system into your accounting software each day. What you’re aiming for are books that correlate with your bank statements. If you save up all those credit card charges for a weekly or monthly deposit, you’ll have a hard time doing analysis later.

2. Reconcile Bank Statements Every Month:

Yes, your bank statements should be reconciled every month. No, it’s not a good idea to let them sit around for 3, 4, 5, or more months. If you’ve forgotten to enter a payment or a sale in your books, but that payment or sale has been processed by your bank, it will be easier to correct the error if you catch it quickly. In an extreme case, not knowing how much you really have in the bank could lead to bounced checks.

Read More: https://www.myaccountsconsultant.com/restaurant-accounting-services/

Virtual Bookkeeping Companies: For the Business Owners

 

With modernization, various procedures and services made conceivable in the physical world are additionally accessible through the virtual universe of the internet. That incorporates Virtual Bookkeeping Services. These Services give the organizations, regardless of whether the enormous or small scale, the accommodation of simple access to bookkeeping services the way a physical person does.

Virtual Bookkeeping Companies: For the Business Owners

Each business owner can exploit the Virtual Bookkeeping Services accessible these days. The exchange is done through the internet, which implies that there is no need for physical contacts of the concurring gatherings. Moreover, the bookkeeping services will be provided food ideal to the organization’s entryway when the necessities emerge. The online services are similar to the physical ones.

What are the Advantages of Virtual Bookkeeping Services?

There are numerous different advantages of getting virtual bookkeeping services. Preeminent, bookkeeping is fundamental in checking the budgetary advancement or disappointment of the organization. Having the financial records frequently refreshed would make it simple for the business owner to decide the current status of his business. A viable budgetary framework will be a reason for the success and further advancement of the company.

Since virtual bookkeeping services are accessible at whatever time, the organization owner does not need to enlist someone else to carry out the employment. A secured internet association will take out the bother.

1. In setting up the financial plan, Quickbooks Bookkeeping Services is likewise fundamental. The spending keeps the business going ahead by controlling the consumptions and anticipating the necessary money. At the point when the organization looks for financing, the expenditure will fill as the determinant for the bank if the business is steady.

2. Virtual bookkeeping services additionally cook the arrangement for income tax returns. With great money related records, it is simpler to set up the precise income tax returns, and documenting will dependably be on time. That will help the owner to maintain a strategic distance from the charges for overdue payments.

Contact Us Here, If are you looking for online accounting and bookkeeping services to manage your personal as well as Business financial services.

Factors to Consider When Choosing the Financial Accounting Advisory Company

 

Getting a viable and reliable Financial Accounting Advisory Company is essential for your business to help it succeed and grow. As several companies offer Financial Accounting Advisory Company, choosing the best one would require some research and analysis.

Factors to Consider When Choosing the Financial Accounting Advisory Company:
Meet personally: It is essential that you meet your financial accounting advisor before handing out any financial information to them about your business. Meeting personally will help you analyze the personality of the planner as well as ensure you that your business is in safe hands.

Check their credentials: It is a good idea to check the credentials of the company or individual that you choose for your financial accounting advisory services. A credible company or individual will have positive reviews when asked around – working with Online Accounting Services.

Take reviews and recommendations: The customers that are already using the services of individual financial advisors are the best people to take reviews and recommendations. You can ask around or take references from a few financial accounting advisory companies that you might have shortlisted.

Fees: Any matter related to payments must be cleared before taking up any service. This will avoid any unpleasant situation later on. You can choose a company depending upon its fee structure, but do not let price be the only criterion.

We assist with the preparation of carve-out financial advisory services and help address other accounting and financial reporting issues for every stage of the divestiture, sale, debt offering, and IPO process. We help you with the best financial advisory services for your business. you can continue with Quickbooks Accounting Services on affordable price.

These factors will help you choose the best financial accounting advisory Companies for your business. In case you require such services for your business, Contact Us for the same services.

7 Cash Flow Tips Every Business Owner Needs

 

Every business knows that cash is king, yet an alarming number of businesses (only 33%) don’t even use a tech platform, tool or app to manage their cash flow1. Here are practical tips that every business owner should use to help with their cash flow.

For those that do use a tech platform, tool or app, it is probably a manual process done in Microsoft Excel which is a great tool but takes a considerable amount of work to get an effective cash flow forecast. Furthermore, 74% of businesses judge cash flow tasks as difficult according to a 2019 study2.

This is precisely what we made myaccountsconsultant. We designed it to be simple to connect to your QuickBooks Online or QuickBooks Desktop and within minutes, get a 6-month future forecast that as a business owner, you instantly see KPIs and future forecast that you simply don’t get in QuickBooks.

As a former small business owner, having mature and simple tools to unlock insights on my cash flow is exactly what is needed to run and operate my business successfully.

Here important cash flow tips that you should consider when running your business and of course, myaccountsconsultant will make it dramatically easier to manage and forecast your cash flow management.

1. Ensure your days cash on hand is 45 days or better

Most business owners look at their current cash balance (cash on hand) in their check book and make quick decisions whether they can afford something or not. The reality is that there may be expenses coming in that will claim the cash balance at some point in the future, so you must know what the days cash on hand really are. myaccountsconsultant has 2 great dashboard KPIs that you can keep your eye on:

2. Understand what your payment terms are

You might have some great contracts with your customers and yet many larger customers have longer payment terms (Net 120, Net 60, etc).

There was a time when I landed a large contact with a large company that required me to ramp up people and resources. I was super excited, and we were making strong progress on the new contact. As things ramped up, so did the expenses and the fact that I had to pay the people that were doing the work. The problem however, was the large company had a Net 60 which meant the first check would not come in for 2 months and yet I had to pay the expenses and payroll out of my own pocket which put me in a significant cash crunch. Consider negotiating the payment terms up front to ensure adequate cash flow.

3. Keep an eye on your expenses

If you are not careful, expenses add up quickly. Some new expenses seem harmless to add to your overall bills like a license to Zoom or new software as an example. Furthermore, most expenses these days are put on a company charge card with an annual billing that is done initially and not remembered until the following year. And the larger your company gets, the more expenses come in with possible duplication – maybe one employee thought it was great to use Zoom, while another got a license for another conferencing tool.