Accounting & Bookkeeping

Have you ever struggled to manage your financials as an independent contractor? If the answer is yes, you’re not alone. According to Freelancer Map’s 2021 study, 25% of freelancers consider accounting one of the greatest challenges of self-employment. 21% also said that trying to do their own accounting was one of the biggest beginner mistakes […]

If you’re like many small business owners, you may tend to keep many of the financial details of your business in your head or through handwritten notes. This could lead to a myriad of problems down the road, not the least of which is an IRS Tax audit. This blog provides some key bookkeeping tips for small business owners and entrepreneurs. 

By 2025, finance and accounting firms will lose 60% of their outsourcing contracts. That’s more than half of their usual patronage gone because buyers want more competitive prices and automated alternatives. And thanks to limited funds and less staff, small businesses are looking for even more flexibility. Outsourced bookkeeping is on the decline because it […]

If you’re sitting there thinking, But my bookkeeping is automated, I’m using a computer, it’s time to rethink what you know about automated bookkeeping. Using Excel spreadsheets and desktop accounting software might be more efficient than keeping a written ledger like an 18th-century shoemaker, but you’re still inputting and verifying your financial transactions manually. Bookkeeping […]

2021 is on track to be a record-breaking year for data breaches, with 1,291 breaches reported as of Q3 2021—and that’s after almost two years of reports citing an ongoing spike in cyberattacks since remote work mandates began. Even though cybercrime has been all over the news lately, small business owners often have so many […]

As a business owner, do you handle your own finances without the help of a bookkeeper or an accountant? If you do, you’ve likely had the experience of bookkeeping tasks—like recording business expenses—falling to the wayside for a multitude of reasons (e.g. you’ve been really busy or the idea of bookkeeping summons a deep dread, […]

If you dread bookkeeping but feel it’s not worth outsourcing, you’re not alone. Many entrepreneurs successfully handle their own financial books. The good news is that when you learn how to keep books for small business, it makes important decisions easier and minimizes preventable financial mistakes. Good bookkeeping—that is, the record keeping of your business’s […]

Small business owners spend too much time on their accounting and not enough growing their own businesses. Part of the issue is that the accounting and bookkeeping methods we use today are archaic — literally. In 1458, Italian merchant Benedetto Cotrugli standardized the practice of bookkeeping and accounting with the use of paper journals and […]

Many experts believe (and vocally declare) that every business needs a bookkeeper. We disagree. Technology’s capabilities have surpassed the need for human involvement in all but the most complex business accounting tasks. So, why do small businesses still phone bookkeepers to help them get organized and compliant? Because they’re in the dark, wondering, “What does […]

Warren Buffet famously says that “Accounting is the language of business.” The very best way to learn the language of your business — that is, accounting — is to hire an expert to both help and teach you. If you’re wondering how much does an accountant cost, though? remember, it’ll cost you to continue operating […]