Our business is improving your small business
It’s that time of year to give extra thanks to those in our lives who make it better. Someone you may not think of right away, but who deserves your utmost appreciation is your accountant! They work everyday to keep your books in the best state possible, to help your business thrive. Here are just a few reasons to be extra grateful for your accountant this season...
1. They save you time.
Your accountant keeps your books nice, orderly, and up-to-date, which saves you hours and hours in the long run! You don’t have to lift a finger for your bookkeeping if you have an accountant who takes care of everything from A to Z. You can focus on other aspects of your business while they keep your books shining!
When it comes to your books, accuracy is vital. You want to handle them properly so the information you're using is error-free and understood. If you're doing any of the following, you're not helping your books or your company.
Tax season is approaching, which for some may mean stress and anxiety. What if we told you those feelings aren’t necessary? Take a deep breath and rest easy knowing that these tips will help you make your tax preparation smooth sailing.
Have you ever left a conversation with your accountant with nothing but confusion, asking yourself “What did they just say?” You’re not alone. We’re here to bridge the gap between accountant and client. Here is a list of common terms you will likely here from your accountant, if you haven’t already, and what they actually mean:
Accounts Payable (A/P): Money you owe to others.
Accounts Receivable (A/R): Money others owe to you.
Asset: Items of value owned by a business. This includes money in your bank, A/R, equipment, vehicles, buildings, and so on.
Bad Debt: Uncollectible A/R.
Balance Sheet: A list of company assets, liabilities and equities for the company.