Bookkeeping from Home: 9 Steps to Starting a Bookkeeping Business New software and other tools are always being developed to automate tasks. Allow your bookkeeper an opportunity to evaluate and choose what will best meet the company needs. If something new is selected, follow through with providing any needed training. In order to understand more comprehensively the benefits that both bookkeepers and accountants can offer to your business, it can be helpful to be aware of the tasks that each could be expected to undertake. You may wish to get business liability coverage, professional liability (errors and omissions) coverage, valuable papers and records coverage, data breach coverage, etc. It’s important to do your business correctly from the beginning, especially when […]

Two Types of Bookkeeping Methods At mid-size and larger corporations the term bookkeeping might be absent. Often corporations have accounting departments staffed with accounting clerks who process accounts payable, accounts receivable, payroll, etc. The accounting clerks will be supervised by one or more accountants. The average salary for a general bookkeeper is around $35,000 with top earners bringing in more than $54,000 per year. As with all financial occupations, experience and reputation go a long way toward earning a higher salary. Remember that they are paid by the hour, so spending time on sorting your receipts and invoices into date or alphabetical order prior to handing them over will save you money. An accountant’s main roles are to deal with […]

How long does it take to learn XERO? FreshBooks: Best for one-person start-ups and unlimited invoicing The desktop version is still the most flexible and robust accounting software though, none of the online offerings match it yet. I first looked at these products a few years ago and, back then the decision was very easy. Xero’s cloud-based accounting software, which is available for both PC and Mac, is our pick for the best accounting software for Mac. It’s a full-featured solution that doesn’t compromise on features or ease of use just because you’re using a Mac. These advances, together with improved UI, are making it easier for small business owners to handle accounting on their own – even if they […]

FreshBooks Reviews: Pricing & Software Features of Benefits of QuickBooks SlickPie is also the only no-cost accounting program to offer automated data entry, through its tool, MagicBot. Both services offer considerable value to your business without breaking the bank. Of course, there’s nothing stopping you from using both Sage One and QuickBooks. Some businesses use Sage One purely as an invoicing and project management tool, while QuickBooks handles all other bookkeeping functionality. When comparing QuickBooks vs. Sage, you should also take into account the additional services offered by the two platforms. You can track your income and expenses, scan receipts with your iPhone or Android phone, connect your bank accounts, create financial reports, and more. You can also add […]

Sage Intacct Software We use the system for all of our operating needs from accounts payable, accounts receivable, general ledger reporting, cash management & bank reconciliations, and dashboard. For example, some point out that because of the rigid model imposed by SAP tools, a lot of customization code to adapt to the business process may have to be developed and maintained. Since then, additional functionality for SAP ERP 6.0 has been delivered through SAP Enhancement Packages (EhP). These Enhancement Packages allow SAP ERP customers to manage and deploy new software functionality. Enhancement Packages are optional; customers choose which new capabilities to implement. When transactions become too complex, Intacct can add more dimensions to organize the data. If the volume […]