New York's Premier Bookkeeping for Creatives, Freelancers, Solopreneurs, and Small Business Owners

UPLOAD FILES

UPLOAD SOURCE DOCUMENTS (Credit Cards, Bank Statements, etc)



    BLOG

    What Is Retained Earnings? How It Can Benefit Your Business

    by | January 17, 2023 | Business Improvement, Business Tips, Financial Reports, Frequently Asked Questions | 4 Comments

    Retained Earnings, also known as "Accumulated Earnings" and "Unappropriated Profits" is one of the most important items on the balance sheet of a business financial statement. It represents the percentage of net income that is not paid out as dividends, but instead is...
    Read More

    Should You Be Issuing Customers Sales Receipts or Invoices In QuickBooks?

    by | December 3, 2022 | Business Tips, Frequently Asked Questions | 6 Comments

    If you are a business offering goods and/or services on credit to your customers, or allow for partial payments/payment deposits, then you should create and issue your customers Invoices. This will allow you to track your customers balances for Individual Invoices in...
    Read More

    How to Do Your Own Bookkeeping for Your Small Business

    by | October 13, 2022 | Business Tips, Financial Reports | 2 Comments

    Doing your own small business bookkeeping can be a very simple process; however, there are things that must be in place to ensure you are doing it correctly so you can retrieve accurate reporting from which to make good business decisions as well as file accurate...
    Read More

    What Are Source Documents? And Why Does My Bookkeeper Need Them?

    by | July 7, 2017 | Business Improvement, Frequently Asked Questions | 1 Comment

    Source documents are any original financial records that serve as a paper trail to support your bookkeeping transactions. These documents may include – but are not limited to – company purchase orders, packing slips, supplier invoices, cancelled checks, cash receipts,...
    Read More

    Microsoft Excel for Small Business Accounting? A No Brainer

    by | January 5, 2017 | Business Improvement, Business Tips, Financial Reports | 7 Comments

    There is so much you can get from Excel spreadsheets, and no more! Don't get me wrong, Microsoft's Excel has its many purposes one of which is capturing information and making calculations including statistics with useful bars and graphs resulting in eye-catching,...
    Read More

    3 Benefits of Real Time Bookkeeping and Accounting for Small Businesses

    by | December 31, 2016 | Business Improvement, Business Tips | 2 Comments

    Bookkeeping and Accounting can be boring! However, it is an essential part of your business as it gives you clear information about the status of your cash flow - how much money is truly available in your bank account for spending, who owes you money, who you owe...
    Read More

    Expert Bookkeeping & Reconciliation Tips

    by | November 21, 2016 | Business Improvement, Business Tips | 4 Comments

    Reconciliation is a very important aspect of the bookkeeping and accounting process. It is also the only way to ensure your numbers are accurate. As such, reconciliation of the bank and credit card accounts should be done on a monthly basis, and a report of the...
    Read More

    Could You Be Losing Money Being Behind on Your Bookkeeping?

    by | August 16, 2016 | Business Improvement, Financial Reports | 2 Comments

    Are you a small business owner trying to manage all aspects of your business on your own? Have you fallen behind with your bookkeeping? Do you find that your bookkeeping tasks are taking the passion out of your business? Do you pull your hair out every time you think...
    Read More

    Thinking of Making the Move to Cloud Bookkeeping?

    by | May 31, 2016 | Business Improvement, Business Tips | 3 Comments

    The fact that you are reading this means you have thought about it. But would you have been interested in a “cloud based” accounting and bookkeeping application a few years ago? Probably not! Like myself and many small business owners, you were probably still trying...
    Read More

    1099’s: Keeping a Tab and Ensuring Compliance

    by | April 29, 2016 | Business Improvement, Business Tips, Tax Forms & Filings | 2 Comments

    As with many tax forms 1099's can be pretty confusing, especially now with more rules – and exceptions. There are multiple 1099 types as well as forms to accommodate them, but the most commonly used is the form 1099-Misc. As such, we will focus on the 1099-Misc. Here...
    Read More

    Reconciling Accounts Receivable

    by | April 23, 2016 | Business Improvement, Business Tips | 0 Comments

    Managing your accounts receivable is very important because the timing of receivables plays a major role in your company's cash flow. In addition, you want to ensure your customer balances are accurate, and your receivables current, based on the terms of service you...
    Read More

    Reconciling Your Business Accounts

    by | March 10, 2016 | Business Tips, Financial Reports | 2 Comments

    Reconciling all your accounts on a monthly basis is the single most important thing you could do for yourself and your business. There are numerous software available to help make this process effortless, but regardless of the software or lack thereof, monthly...
    Read More