On average, small businesses spend 120 working days on bookkeeping and administrative tasks. Put more hours back in your day and refocus your resources by outsourcing booking and accounting services for your small business. At The Office Squad, we strive to provide business owners with the support they need to make their businesses a success.…
For as long as money has existed, so has bookkeeping and accounting. These two functions keep a systematic record of your organization’s information, allowing you to accurately record and forecast financial performance. Up-to-date records facilitate decision-making for management and are also a legal requirement in some instances. But let’s face it, bookkeeping and accounting aren’t the…
Even as the nature of business evolves, two business support services will always be in demand: bookkeeping and accounting. If you’re considering starting a bookkeeping and accounting business, you probably envision starting it from scratch. While this is an admirable endeavor, there’s another option that offers all the advantages of your own startup without the stresses:…
If your accounting feels time-consuming, redundant, or too complex, learning valuable QuickBooks tips makes it easier to manage your finances. Whether you’re a new or experienced QuickBooks user, there’s always something you can learn to encourage more effective accounting practices. Check out these time-saving QuickBooks tips. 1. Don’t Skip the Tutorial You may think that…
With many individuals and business owners already facing unprecedented financial strains, making sure you’re prepared to file your 2020 taxes will help you preempt any possible issues. Finding a professional to help with your accounting in Las Vegas is a great first step. However, it’s also a good idea to understand some of the changes…
Negative cash flow is a major contributor to a majority of failing businesses. However, cash flow problems do not necessarily mean that a business is not profitable. They often arise due to inadequacies in balancing the inflow and outflow of money, ensuring that the business has enough cash for key activities at any given point.…
All businesses need accounting services. If yours is growing, you might be torn between maintaining an in-house accountant or outsourcing. Although the former might appear convenient, it also has some hidden costs that you can eliminate by outsourcing. 3 Common Costs Associated with In-house Accounting Before hiring an in-house bookkeeper, you must consider both the…
Did you know that 99.9 percent of all businesses in the United States are classified as small businesses? If you’re running a business then you need to get paid for your goods or services. In order for payment to take place, you must invoice those who owe you. Your invoice needs to be clear and…
80% of small businesses use QuickBooks, with 29 million small American businesses using the software. Every business needs an accountant, and in our digital age, it’s easy to download a trustworthy software. But to find the most suitable version of QuickBooks for your business, we must look at the different QuickBooks versions. What is QuickBooks?…
Running a business costs money…lots of it. If you’re looking for a way to reduce those costs, you could find them in tax reductions. Governments reward small businesses with tax credits for activities like fighting climate change, improving the economy, and enhancing the lives of employees (through things like providing benefits). Here are some business…
As an entrepreneur, you’re going to need someone with proper accounting experience. Not only will this help you manage your company’s finances, but you’ll also be able to improve your efficiency from year to year. It’s not always obvious, though, whether you should hire a new employee for the role or outsource these obligations to…