General

I actually have a client right now who had kept track of their accounting system on, I call it, green ledger paper. Okay? We were able to take that information. We came up with a time that they were most comfortable with as a starting point. They didn’t want to go all the way back...

Outsourced bookkeeping services absolutely can integrate with accounting software. We have clients who, most of our clients are QuickBooks, some of which are desktop, some are online, but we also have clients who are using other accounting software. Whatever the client needs are, the outsourced bookkeeping service should be able to work with them. If...

There’s a lot of automation with AI now. You can download your bank transactions, your credit card transactions automatically goes into your accounting software. You still need to review it. I just had an issue the other day where, through AI, a payment of a loan went to inventory asset. So you still need to...

Choosing the right outsourced bookkeeping service for your business really is, you know that best, you know what your needs are. When I have somebody call me blindly wanting us to do bookkeeping services for them, I ask them, well, how many credit cards do you have? How many bank accounts are you using? A...

We’re a CPAs best friend. Why? Because CPAs don’t want to deal with all the minutia that goes on with a business with all the receipts and the reconciling and, oh my gosh, they charged this item back in February. What was it for? I don’t know. You haven’t even entered your credit card receipts....

Can outsourcing help with tax preparation and planning? Oh, that is, you know, that old shoebox adage of having receipts. You wait till the end of the year. It’s really too late to have planned what you’re going to be doing for taxes. You find out at the end of the year after we’ve gone...

An organization requires to get financial statements when they need them. So when you work with an outsourced bookkeeping service, you set the parameters. You say, I would like to see my financials on a monthly basis. I have a client who wants to see her financials weekly. She’s sophisticated enough to be able to...

Levels of expertise in outsourced bookkeeping services can vary just like they can vary when you hire someone. You can have a basic service who will do basic data entry, maybe not be able to analyze or prepare financial statements. They may just do the data entry that then gets turned over to an accountant...

The difference between hiring an in house bookkeeper and an outsource bookkeeper, during business hours, you’re going to have that outsource organization be there for you all the time. With an in house bookkeeper, you’re going to deal with, “my child is sick, I can’t come in today.” When outsourcing bookkeeping service, You don’t have...