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Accounting and Tax Guide: Bookkeeping Guide


Year-end bookkeeping tips

Many businesses, both big and small, understand the benefits of hiring an accountant.  A qualified accountant can easily and effectively file the accounts and tax returns for your business.  That can actually save you money and will certainly save you time.  It’s important to hire the right accountant for the job, but regardless of who you hire, if you want them to do their best work you’ll need to do your part, too.  For... [Continue Reading]

The Good, the Bad, and the Ugly — How Truthful Are Your Books?

You’re a company director. You’ve made promises and projections in the annual shareholders meeting. Now, one year later, you have to face shareholders and show that you’ve been running the company profitably. Not easy. This is where accountants may lend you a hand. Unfortunately, this isn’t always a good idea. Some of the tricks they use aren’t strictly illegal, but neither would they hold their heads up high and discuss them... [Continue Reading]

Benefits of Bookkeeping Outsourcing Online for Accounting Firms

Bookkeeping is a monotonous task for accounting firms. It takes long and tedious hours to maintain the accounts properly. On the other note, this can be a very expensive matter as it involves giving high amount of salaries with add-ons to your accountants. A variety of companies have trained accountant for bookkeeping. But their cost to the company is so high that it becomes impossible for the firm to continue with them. For small business ventures, hiring... [Continue Reading]

Bookkeeping Rates Can Help You Fix the Amount That You Have to Spend

It is that time of the year again when you have to pay your taxes and this must be giving you sleepless nights. So, now you must be hunting for an accounting firm that will do all the tiresome work for you and help you in paying your taxes in time. There are certain things that you must check out regarding the services provided by the firm that you hire to do your tax calculating and accounting works. Bookkeeping rates are very competitive and so you must... [Continue Reading]

Bookkeeping Software

The process of Bookkeeping is cumbersome. Small human errors can cause big damage to the company. Computers have made this hectic process very easy. Computerized Bookkeeping simplifies the Bookkeeping and accounting procedures. Speed, accuracy, automation and versatility make computers better accountant than humans, and provide fast and accurate processing of transactions. In manual Bookkeeping each entry has to be entered separately in various books of... [Continue Reading]

Freelance Bookkeeping

Freelancing is a common way for people to earn a living these days. The advent of Internet has shrunk the world into a global village, and geography is often irrelevant to a position. Freelancers are doing a great job in every other industry and the employers have realized the true potential of freelancing. There are several advantages for companies in opting for freelancers rather than having their own staff. As the freelancers work from their own home... [Continue Reading]

Bookkeeping Tips

Bookkeeping is the process of maintaining books of accounts involving daily transactions. Bookkeeping indicates the exact position of business finances. Bookkeeping can be done manually or through a computerized system. Manual bookkeeping is doable for beginners and small business firms, but as the business develops, a computerized system of maintaining accounts will be beneficial. When it comes to bookkeeping, there are certain things to be taken care of... [Continue Reading]

Bookkeeping Hiring Tips

In today’s transient and fast paced world, it’s getting harder and harder to find qualified, competent people who not only know their stuff but can be trusted to handle your business’s monies. All too often you hear stories about inexperienced so called bookkeepers who either messed up someone’s books or stuck their hand in the cookie jar and helped themselves to thousands or millions of dollars. Exact Accounting Services has listed 7 of the most... [Continue Reading]

Tips on Book Keeping and Reporting on the Club Financial Affairs

Annually a report must be presented to the members on the clubs money affairs and financial position. The form of the report presented will depend on the size of the club and the volume of its activities. In the case of a club with a few members, and of which all transactions are for cash, a statement of receipts and payments will be sufficient, but in the case of a big club an income and expenditure statement and also a balance sheet are desirable. The... [Continue Reading]

Cost Benefit Analysis-Whether You Should Outsource Your Bookkeeping To Professional Book Keeper

What is a role of a bookkeeper in your organisation: BOOKKEEPERS keep complete, up-to-date, and accurate records of accounts and financial arrangements. Bookkeepers verify and enter information into journals and ledgers or into a computer. They periodically balance the books and compile reports and financial statements. Bookkeepers also receive, record, bank and pay out cash. They balance checkbooks with monthly bank statements. They may calculate employee... [Continue Reading]

What Is A Good Bookkeeper Worth?

I am often asked what is a reasonable fee to charge my clients. And on the opposite side of the coin – what should I expect to pay for a bookkeeper? A bookkeeper who is honest, trustworthy, reliable and knowledgeable is worth their weight in gold. You might find a good honest hard working person, but if they don’t have the knowledge and experience that you need then you only have part of the solution you are looking for. For bookkeepers check with... [Continue Reading]

Do You Hate Bookkeeping?

If you hate bookkeeping, you are not on your own. For most small business owners 'bookkeeping' is a major pain; a real chore. If you have to choose between selling your products and services or keeping your books in order - the books lose every time? But it would be good to : know your cash position and know the bank balance before the statement arrives Have reports and guidance on your profitability? You want to be able to explain where your figures... [Continue Reading]