OSYB Blog: Number Crunch!
News and Views from OutSource Your Books, LLC
A Review of the Top Three Mobile Credit Card Readers
February 10, 2014 by Ed Becker
Square Reader started it all in 2010 to enable anyone to be able to accept a credit card anywhere in person. These tiny devices connect to your smartphone or tablet through the headphone jack and allow you to swipe a credit card on the spot. It has revolutionized options for small business owners and opened […]
5 Lessons to Learn about Small Business Loans
November 27, 2013 by Ed Becker
Loans are an essential component of small business success. According to the Small Business Administration (SBA), “Insufficient or delayed financing is the second most common reason for business failure.” This became all too clear during the global recession of 2009 when thousands of small businesses rapidly collapsed after losing access to borrowed funds. Understanding the […]
Using QuickBooks Class Tracking to Optimize Business Performance
November 20, 2013 by Ed Becker
Is there an important segment of your business that requires special attention? QuickBooks class tracking makes it easy to categorize transactions based on your own custom criteria. For example, a local restaurant chain can use class tracking to analyze the profit/loss at each location. The report could be further refined to track the profit margin […]
Go Paperless with the Latest Mobile Technology
November 13, 2013 by Ed Becker
New mobile technologies are allowing the small business owner to build a completely paperless office. Ditching cabinets full of old paperwork will streamline record keeping and enable employees to be more productive. Below are a few affordable smartphone apps that can help cutout paper from your workspace. Scan into the Cloud with SimpleScan SimpleScan is […]
The Difference between QuickBooks Updates and Upgrades
October 30, 2013 by Ed Becker
About Updates QuickBooks is an exhaustingly complex piece of software that relies on over 10 million lines of C++ programming code. Intuit has been developing QuickBooks since 1998 and constantly evolving the program with new trends in technology. With such a massive codebase, it is common for small ‘bugs’ and ‘glitches’ to arise. When Intuit […]
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 […]
Creative Perks to Boost Employee Morale
October 15, 2013 by Ed Becker
As a small business owner, it is hardly realistic to offer huge bonuses and stock options to keep your employees happy. Fortunately, there are many other creative (and affordable) strategies that will keep your team feeling positive and operating at peak performance. Thinking outside the box can make huge impact on your corporate culture, without […]
Making the Most of Business Credit Cards
August 29, 2013 by Ed Becker
Business credit cards are a double-edged sword. If you’re not the type of manager who can meticulously manage spending – don’t bother with credit cards in the first place. If you’re up the challenge, they can be a great way to improve the financial flexibility of your business. Avoiding Credit Card Traps Although they won’t […]
