While possible, it is unlikely to earn over $100k as a bookkeeper because even higher-paid positions do not typically earn more than $51,000 per year. Make sure you’re on the same page about their pricing structure to avoid any billing hassles or hidden costs. Once you get an idea of how much they charge, compare […]
There’s always a demand for experienced, efficient bookkeepers in nearly every industry. Companies often outsource the organization of their finances to independent professionals, then hire accountants for more complex issues and tax filing. This means that you don’t record an invoice until it is actually paid. Similarly, you don’t notate outstanding bills until you actually […]
Finding a virtual assistant bookkeeping service that can maintain the integrity and safety of your data is essential. Accounting virtual assistants may need to raise clarifications with their teammates or even staff from other departments. They’ll need good communication skills to ensure nothing gets lost in translation. Additionally, virtual bookkeeping or accounting VAs are in […]
Nick Seidel, 42, of Chicago, has had his bank break up with him three times. Then, after an 18-month relationship with Fifth Third, it, too, shut down his accounts. Then, suddenly, Citi shut down everything, including their checking accounts and credit cards. The couple’s attempts to get an explanation led to nothing but frustration. In […]
In accounting, ‘Normal Balance’ doesn’t refer to a state of equilibrium or a mid-point between extremes. By understanding the normal balance concept, you can correctly record transactions, such as the cash injection and the equipment purchase, in your double-entry bookkeeping system. Remember, the normal balance is the side (debit or credit) that increases the account. […]
This reflective process will help you be an informed businessperson, which can prepare you to open a business that turns a profit. Since many businesses and entrepreneurs need help with their books, this can be a profitable work-from-home opportunity. To help you make the decision, here are 10 essential questions to ask yourself before diving […]
With in-built features such as calculating labor and overheads, creating an accurate estimate has never been more manageable. They remain vigilant about industry shifts, regulatory updates, and market dynamics to provide strategic counsel that seamlessly aligns with your business objectives. Consider another example where your proactive accountant, staying abreast of changing tax laws, alerts you […]
