In the realm of finance, nonprofit organizations stand as beacons of positive change, driven by a mission rather than profits. As these entities embark on their noble journeys, their bookkeeping practices take on a unique significance, demanding careful consideration of factors that distinguish them from their for-profit counterparts. Join us as we explore the specialized…
As a small business owner, it’s easy to get caught up in the day-to-day tasks of running your business. However, one crucial aspect that you shouldn’t neglect is bookkeeping. Accurate bookkeeping is vital for the success of your small business, and here’s why: Helps You Stay on Top of Your Finances Keeping accurate financial records…
With tax season among us, it is never too late to start back at the basics to make sure your books are in order! Here are the top four steps to bookkeeping to make everyone’s live easier. 1) Analyzing financial transactions and assigning them to specific accounts 2) Writing original journal entries that credit and…
It’s no secret, every business (big or small) wants to streamline their bookkeeping & analysis records. It can be difficult to fiigure out the best strategy to make everything more organized and fool proof. Even with the smallest of businesses, records can get a bit confusing if organization falls through. We have some helpful basic…
Everyone knows that as soon as holiday decoration come out, there is a mad rush of family and friend gatherings, shopping, and more. The holiday season can be so crazy especially for small businesses. We wanted to give you some helpful tips that may help you with your bookkeeping around the holiday rush. Start Now…
Running a business is hectic enough with various day to day activities. Organizing accounts and bookkeeping should be the least of your worries. A study showed 40 percent of small business owners who said they spend over 80 hours a year. Think of how much you could get done in that time! The Kael Company…
Don’t overlook these shocking tax deductions for the next tax season. No one wants to watch money go down the drain unnecessarily. Here are 5 of the most surprising tax deductions to keep in mind for next year. Out-of-pocket Charitable Donations Everyone writes off the large sums of money & donations for charitable events, but…
Preparation, budgeting, and saving; these are all terms we have heard to help get our finances in order not just for today but for tomorrow. Many people ask, “Why do I need to prepare and save? Go on vacation while you can and have some extra money!” While going on adventures and vacations are fun,…
Budgeting plays a crucial role in our personal and professional lives. Whether you have student loans, business rent, or just groceries and necessities for everyday life; every can benefit from creating and sticking with a solid budget to prosper. Having money is different than know how to use money. Here are our top five reasons…
Now is the perfect time to sit down and organize your finances, receipts, and all other office work. We are happy to help you stay organized while practicing safe social distancing with over the phone consultations. Don’t know where to start? We have a few helpful tips for you! 1. Separate Your Business and Personal…
