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Bookkeeping

5 Reasons Why Your Business Needs an Experienced Bookkeeper to Stay Out of Trouble

With an experienced bookkeeper on board, you can spend more time focusing on improving and expanding your business. There’s no lost time worrying about making mistakes in your records when you let an expert handle it. You can be confident that your books are accurate and up to date. Let’s talk about some of the reasons why having a professional bookkeeper maintain your accounts can eliminate costly errors and keep your business running smoothly.

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Bookkeeper

7 Essential Qualities of a Good Bookkeeper

A bookkeeper is a person who handles all your finances, manages account books, files taxes, and advises on critical financial decisions. A bookkeeper can either be an individual or a firm that offers bookkeeping services.

To enjoy all the benefits a bookkeeper can provide, you need to find the right one for your business. Here are seven essential qualities that every bookkeeper must possess:

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Bookkeepers

10 Ways Bookkeepers Benefit Small Businesses

Nearly 82% of all small businesses fail because of poor cash flow management, according to a US Bank study. Another study claims that almost 60% of business owners feel they have inadequate accounting knowledge. 

Despite the telling statistics, business owners resist hiring a professional bookkeeper for their accounting needs. Here are ten ways a bookkeeper can add value to your business:

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Bookkeeping for Business

A Beginner’s Guide to Bookkeeping for Business

A small business owner has a wide range of roles to play, from a sales manager to a customer care representative. Too often, entrepreneurs also add bookkeeping and accounting to their long list of tasks. However, many are unaware of how detailed and extensive their business accounting and bookkeeping knowledge must be to correctly and efficiently maintain their books.

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Business Accounting

6 Reasons to Hire a Professional for Business Accounting and Cash Management

Finance is the lifeblood of all businesses. No matter its type or size, every company needs a steady cash inflow to survive and grow. However, not everyone is well versed in cash flow management or day-to-day bookkeeping.

Many business owners, especially if they have a small business, try the DIY method for bookkeeping. They don’t realize the benefits of hiring professional bookkeeping and accounting services in the USA. Following are the benefits:-

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Profit

Grow Your Business with Profit First Formula

Earning a profit is easy, but maintaining it is hard. That’s true when most of the money we earn is spent on covering the expenses. But that’s how it works with regular accounting methods. The formula for profit is simple:

 Sales – Expenses = Profit

The concept of Profit First

It’s time to change your perception of what profit means. Human psychology plays a vital role here. Profit First is all about thinking innovatively and turning around the age-old principle of profit to benefit our business more. Under this concept, the equation is reversed by literally putting profit first:

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