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OSYB Blog: Number Crunch!

News and Views from OutSource Your Books, LLC

Take “Control”- QuickBooks Keyboard Shortcuts

October 11, 2012 by Ed Becker

We all know that QuickBooks is a big part of life for many small business owners, as well as their accountants and bookkeepers.  I’m sometimes surprised to find that such heavy users for QuickBooks don’t know more tricks for speeding up their work inside the program.  There are still many shortcuts  you can utilize to […]

Is Your Email Account Secure?

September 26, 2012 by Ed Becker

When sending sensitive reports and files to your clients, family, attorney or CPA, are you comfortable that your data is secure?  If you answered NO or MAYBE, then you should act now to implement a safer method. You must go above and beyond in safeguarding your email account and the data you send or you […]

Football Season is Here and so are Taxes on Gambling

September 12, 2012 by Ed Becker

With the start of the 2012-2013 football season comes office football pools, trips to Las Vegas, Superbowl grids and Fantasy football.   This is an exciting time for football fans and also a time when the casual gambler needs to understand the tax rules as it pertains to betting. Gambling winnings are fully taxable on your […]

Should I Hire a Payroll Service or Do it Myself?

August 22, 2012 by Ed Becker

Unless you are a payroll expert, we strongly recommend using a payroll service.  Here’s why: A small business owner who is concerned about growing his or her business doesn’t have the time to keep up with the rules & regulations of payroll, especially in a multi-state environment.  Yes, all new businesses are concerned about the cost of a […]

My Business Has Cash, Why Aren’t We Profitable?

August 7, 2012 by Ed Becker

Many small business owners do not understand the key difference between cash and profitability. How are these two critical financial barometers different? Cash Flow Cash flow is the money that flows in and out of the company.  It is the money used in normal operations (day to day functions), financing activities (purchase of new machinery), […]

Leslie Fajfer Joins Outsouce Your Books

August 3, 2012 by Ed Becker

Leslie H. Fajfer has recently joined Outsource Your Books, LLC (OSYB), as Director Of Business Development. Leslie brings over 18 years experience in both public and private accounting. Throughout her career, she has interfaced and collaborated with CFOs, CEOs, and business owners from a variety of industry sectors including finance, law, real estate, multispecialty medical practices, […]

How Do I Close My Year-End in QuickBooks?

July 20, 2012 by Ed Becker

Closing the year in QuickBooks is a “must do” step once your year-end is complete and/or once you have sent your file to your CPA. You want to ensure that data does not change and more importantly, make sure you don’t enter data into the wrong period inadvertently.  It happens  frequently and often creates more […]

Should I Hire a QuickBooks Consultant, Bookkeeper or Accountant?

July 9, 2012 by Ed Becker

When you realize you need bookkeeping help, how do you identify what is the best resource for your business? Call in your accountant (CPA)?  Hire a bookkeeper?  Engage a bookkeeping service, or bring in a QuickBooks consultant to evaluate your situation? Each option has different skill sets and different pricing.   You don’t want to end […]