APO Bookkeeping & Consulting Services | BLOG | Page 2
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Better Bookkeeping Tips for “Do-It-Yourself”
Business Owners

For any number of reasons, you may opt to do your bookkeeping on your own instead of hiring a bookkeeper in-house or outsourcing your bookkeeping. Like many things, there are advantages and disadvantages to doing your own bookkeeping, but with some basic accounting knowledge and a keen eye for detail you should be able to pull it off. Here are a few tips to help you as

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Getting Set for a Smooth Year-End Transition

It is fast approaching year-end, and now is the time to take stock of your financials as far as your bookkeeping, especially if you are a one-man show. Yes, there are three (3) months to go before we actually hit the end of the year, but wasn’t it just year-end and tax time? Not quite sure where time is going, but the next three months will pass

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Protect Your Confidential Waste (With A Shredder)

A shredder is one of the most essential items for any business or individual to have and use, yet one that is highly overlooked. Confidential information are almost always included in our correspondence, and some of them are not always necessary to keep. These unwanted paperwork are often tossed into the trash without any thought about how they will be handled or where they may end up.

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Minimize Your Risk of Being Hacked

In the same way most of us get out of bed each day and look forward to carrying on our productive lifestyle, there are some who get up with the same enthusiasm to set in motion their disastrous, destructive plans of varying degree such as hacking. You may have already been directly affected by the password thefts at LinkedIn last year or Evernote this year, or have

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Startup Business Bookkeeping Tips

Depending on the type of business you are operating, you may not have a vast amount of bookkeeping to be done on the first day – or even week you open for business; however, you should setup a bookkeeping and accounting system at your earliest, and make an effort to document all transactions starting on the very first day. This may not be an easy feat since

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Stepping Back and “Fully” Accepting Help
When Necessary

Running a business can be exhausting, and many business owners find it very hard to delegate miniature tasks and let go – fully, of those tasks. Fully, meaning letting go of tasks and not the entire business; letting go of the task(s) given out to be done without hovering or hindering the process. For example, I got a call a few days ago from a concerned small

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Employee (W2) vs Independent Contractor (1099)

Many small business owners find it easier or more convenient to use independent contractors than to hire employees; but is the arrangement you have with a worker that of an independent contractor or that of an employee? According to the IRS, there is a huge difference between an employee and an independent contractor, and they are adamant about doing all they can to ensure each is treated

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Understanding Your Balance Sheet

The Balance Sheet is an important report in your financial statements that shows the ending balances of what you own, what you owe, and how much you have invested in your business since its inception, as at a particular date. It is divided into three (3) main categories: Assets Liabilities Equities 1) Assets – What You Own Balance sheets usually start with cash balances that include monies

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Taking Your Business to The Next Level

There is always room for improvement, and what better time to take stock, analyze, and set in motion the changes necessary to facilitate improvement than at the beginning of a new year. Here are five surefire things you can do to launch your business to new heights. Afford Your Business a Website (With a Blog) Formulate a better relationship with your Customers or establish one Gain New

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Engaging Employees as Resource and Not
Just Commodity

Employees are valuable resources who are not only equipped with the expertise and knowledge for the role you initially employ them, but they also house talents they have harnessed and skills they have honed which you may not be aware of, unless you tap into them. This may not apply to all your employees; however, if you do not utilize the opportunity of tapping into them you

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