One that appears to be real is not so; it may be is "virtual." The concept of a Virtual Assistant is very common in present-day business management. The basic logic supporting this concept is outsourcing office-related work such as letter drafting, typing, communicating, coord...

Regarding finances concerning a business, whether it be big or small, several aspects come under this umbrella term. It includes bookkeeping of sales and purchases, payments that are due, and the ones that have been cleared, taxes to pay, bills paid, and many more. All of this...

When you own a small business enterprise, or rather for any business enterprise (regardless of their size), knowing the numbers is essential. When you have tangible data for all your financial affairs, arranged systematically, you can foresee your business's future standing. T...

And if one does not know their financial standing, no deal is profitable. Knowing one's financial standing is essential to survive in the ocean, growing businesses, and the economy. Accounting is the best tool to ascertain that. However, for small business enterprises, hiring...

Whether large or small, two persons are involved in considering specific products or services in any business transaction. The giver is known as a creditor and records the receiver as debtor in hi\her books of accounts. Thus, accounts receivables are the amounts due to be rece...

As the business grows, managing accounting services gets tougher. While running the business, you may need to deal with a lot of vendors and suppliers. It is challenging to keep the accounts of each of these suppliers and vendors clear. So, it is quite natural to operate a lar...

A small business may be carried out for trading or manufacturing or for providing services. Your objective must have been to make a good margin of profit. If you don't have any bookkeeping provisions, you will be now at a loss to know whether your business is running in a prof...

Bookkeepers are not known in our industry to be experts; notwithstanding, based on the definition, an office worker is an expert. Taking a gander at the key elements of what makes an expert, I chose to play out a correlation with a bit of perspective on the patterns of profess...

Indeed the world is facing significant changes in quite a number of sectors and the accounting industry has not been spared. From an excess of supply to the obvious decline in prices as a result of the former, the value of accounting sector continues to depreciate exponentiall...

Bookkeepers usually get on well with their clients’ CPAs and EAs. Bookkeepers create a good work rapport with their clients and as a group, they help their clients prosper and flourish. It is usually a success for everyone that is involved when they all get along and this ‘eve...

Image a situation whereby everyone in your firm was excellent at networking and were actually capable of connecting with prospects and clients, engaging them and showcasing what your firm does in a compelling way, it would bring a lot of clients to your business and help your...

A successful business’ foundation and base are the relationships it maintains and this is needed in accounting firms. Before clients can trust an accountant to be in charge of their tax returns, there has to be an established trust base and the way to speed along the process i...

While advisory might seem like the big boys corner with regards to the accounting profession, many “supposed” financial advisors lack the skill to be proper tax advisors. This may be attributed to the fact that most institutions of learning, fail to teach accounting students a...

For most independent bookkeepers, the clients are the business owners. The right way to do bookkeeping is all about perspective. What point of view do you take when you are executing a client’s bookkeeping? For most bookkeepers, the end goal is to get the client tax prep ready...

It is quite common for bookkeepers to encounter prospective clients who for some unknown reason believe that the job of bookkeeping isn’t worth the penny. Over the years, it has become quite common place to hear phrases such as “It’s just bookkeeping, the guys across the stree...

Just how safe is it to use financial applications such as QuickBooks Online, and Xero on public Wi-Fi?At a recent meeting of bookkeepers and accountants, a couple of opinions suggested that the using public Wi-Fi connections to execute financial related work could be risk-free...

The first part of a business is about the people in it and the relationship that they maintain. The services and products are secondary. As it is not the norm that your work speaks for itself, it takes good relationships with people and clients to spread the word about how goo...

Automation is slowly becoming an essential component in the human workforce today, although most humans see automation as something that takes away their jobs, it has proven to be a more efficient method with so many benefits that make life better for everyone. Accountants tod...