OSYB Blog: Number Crunch!
News and Views from OutSource Your Books, LLC
Keeping Your Small Business Growing
November 21, 2016 by Ed Becker
In the last article, we discussed how small businesses can become stagnant. We shared several of the most common reasons and possible solutions. This week, I want to discuss what you can and should be actively doing to keep your company growing consistently. Even if growth is in small increments, if it is consistent and […]
Independent Contractor or Full Time Employee? Bookkeeping Tips and Strategies
October 23, 2013 by Ed Becker
In terms of bookkeeping, the difference between full time employees and independent contractors is essential knowledge for small business owners. Incorrectly classifying your workforce could lead IRS penalties, costly lawsuits, or both. How to Classify an Independent Contractor The primary identifying feature of independent contractors is their ability to control the method in which work […]
Do I Hire a Bookkeeping Service Or A Bookkeeper?
May 27, 2012 by Ed Becker
Let’s assume that you decided to hire a bookkeeper as opposed to a bookkeeping service like Outsource Your Books LLC How would you interview and select such a bookkeeper? There are many variables involved that you as a business owner may or may not be capable of making. Recruiting is more of an art than […]
Bookkeeper Madness – Does Your Bookkeeper Really Know What They Are Doing?
February 9, 2012 by Ed Becker
There’s no faster way to kill a business than to mishandle its finances. That’s why I’m surprised by how often small business owners hand their books over to a bookkeeper and simply assume everything will be OK. There are ways this assumption can really hurt your business. Plus, there’s an easy remedy. Bookkeeper Madness Mistake […]
Ring in the New Year With A Year End Small Business Accounting Tune Up
December 9, 2011 by Ed Becker
As a small business owner, you know that December isn’t just about holiday festivities and the holiday season. December is also another small business accounting season. It’s when you need to compile and prepare year end documents for your CPA, so he or she can file everything for you before the upcoming deadline. Which accounting […]
Why CPA Firms Should Outsource Bookkeeping Services
December 5, 2011 by Ed Becker
Most CPA firms are looking for ways to expand and obtain additional clients. In this competitive market, some CPAs are offering additional services including insurance products, investments, financial planning, human resources and outsourced bookkeeping. Each situation is different, but one underlying fact that firms should consider is how to hire and train bookkeepers while still […]
Why Outsource Your Books
October 18, 2011 by Ed Becker
Successful businesses utilize experienced outsourcing services as an innovative, cost-effective way to bring top professionals “in-house.” Outsourcing significantly reduces overhead while maintaining and often exceeding the level of quality personnel they can afford to hire. Outsourcing allows business owners to: Concentrate on what they do best: generate revenue and grow your business. Significantly reduce the […]
How Small Business Solves Big Accounting Problems
September 18, 2011 by Ed Becker
In addition to making their products and services valuable and attractive to customers, small business owners must also work at sales, marketing, networking and managing. Yet all of these elements do not guarantee business success. The key ingredient that determines whether an owner will be able to start a business and run it in a […]
