Start Your Business Record Keeping Off Right

On February 5th, 2015, posted in: Accounting, Marketing by 0 Comment

As a virtual accountant this is obviously a topic that is near and dear to my heart – business record keeping. Whether you’re a first time entrepreneur or a long-time business owner, there is no time like the present to set up systems for keeping track of income and expenses for your business for 2015...

read more

Easy-To-Implement Expense Tracking Processes for Entrepreneurs

On October 9th, 2014, posted in: Accounting, Productivity by 0 Comment

As a virtual accounting firm, we work with solopreneurs, mid-sized company owners and everything in between. We are finding is that in today’s economy that many people are making the leap from employee to entrepreneur. If you’re an entrepreneur, you need implement ways to track your expenses. While this is not a complete list of..

read more

Is It Finished?

On February 11th, 2014, posted in: Accounting, BIZ-TIP by 0 Comment

The calendar tells us that 2013 is finished. It’s gone. Good, bad or mediocre, the year has ended and a new year has begun. But is 2013 finished? Are you done with it yet? As virtual accountants this is a very busy time for us finishing 2013 for our clients. There are 1099s to send..

read more

‘Tis the Season…To Organize Your Business Records

On December 27th, 2013, posted in: Accounting, Marketing, Productivity by 0 Comment

Holiday cheer is all around us and when that happens it’s easy to forget that the end of the year is fast approaching! What does that mean? Well, to me and my virtual accounting firm it means we will be busy helping our clients with end of year financials and helping them be set up..

read more

Don’t Be in a Rush to File Your Tax Returns!

On January 18th, 2013, posted in: Accounting by 0 Comment

I’m amazed at how many of our virtual accounting clients are asking us to get everything to their CPA so they can file their tax returns right away! Hold on! Are you sure Congress is done passing laws that will impact last year’s tax returns? I’m not!  Historically Congress has passed laws after the first..

read more

Do You Track Your Mileage?

On January 4th, 2013, posted in: Accounting by 0 Comment

If you’re not tracking your business mileage, you’re missing a valid expense for your business. The IRS has announced that beginning on January 1, 2013, the standard mileage rates for the use of a car, van, pickup or panel truck will be: 56.5 cents per mile for business miles driven 24 cents per mile driven..

read more

You Don’t Know What You Don’t Know!

On September 25th, 2012, posted in: BIZ-TIP by 0 Comment

All of us have blind spots. We’re experts at what we do, but no one is an expert at everything. When we get outside our area of expertise, we don’t know what we don’t know. That’s exactly why we all need resources within our companies and in our networks that are good at the things..

read more

Do You Use Duplicate Checks?

On September 20th, 2012, posted in: Accounting, Security by 0 Comment

Several years ago I met with a contractor that needed his accounting processed for the prior year. He wanted us to set up QuickBooks for him and enter all the banking activity. Normally, no problem! This time, big problem! Like many people, he used duplicate checks. He figured that would work for him instead of..

read more

How Do You Keep Receipts?

On September 13th, 2012, posted in: Accounting, Security by 0 Comment

Most people know that they need to retain copies of their credit and debit card receipts to substantiate those expenses if they are ever audited. The problem is that those pesky little receipts seem to have a way of disappearing! Here’s how I deal with this problem for myself and for our virtual accounting office..

read more

How Safe Are You?

On August 7th, 2012, posted in: BIZ-TIP by 2 Comments

What would happen to your business (and your stress level!) if you lost all the data on your computer? It happened last month to one of our clients who chose to keep all their data on their laptop and have us access it remotely. They backed it up, but left the flash drive in the..

read more