OSYB Blog: Number Crunch!
News and Views from OutSource Your Books, LLC
I Am Behind In My Bookkeeping, Now What?
May 19, 2012 by Ed Becker
Let’s assume that you are 12 months behind with your QuickBooks tasks. You haven’t entered data, reconciled the bank accounts or done anything of substance. Your CPA is asking for year end information to make estimates. Your Accounts Payable and Accounts Receivable are outdated and you don’t have the smallest idea if you are making […]
Is QuickBooks Right For Your Business?
April 25, 2012 by Ed Becker
If you ask business owners why they chose QuickBooks for their bookkeeping needs, you get several basic responses. Some who say “I didn’t give it much thought but I have a friend who uses it.” Others will say “my CPA uses it” A very select group will who rationalized their decision: talk about features, ease […]
Don’t Be Part of the Headlines! – Accounting Fraud Scandal
March 29, 2012 by Ed Becker
For eight years, the woman worked in accounts payable for a Catholic Archdiocese, gaining the trust of her superiors. Colleagues praised her quiet dedication and hard work, and noted that she prayed often. No one questioned the hundreds of checks she wrote at the archdiocese to cover small expenses, like office supplies and utility bills. […]
How to Save Time Preparing 1099s – QuickBooks Training Tip
December 16, 2011 by Ed Becker
Want to save time this year preparing 1099’s? If you are a QuickBooks user, you’re in luck. Follow this simple QuickBooks training tip to make 1099 preparation as efficient as possible. In order to print out accurate 1099 forms at the end of the year using your QuickBooks software, the first thing you’ll want to […]
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 […]
The Pain of Small Business Bookkeeping & Accounting
December 2, 2011 by Ed Becker
Many small business owners view bookkeeping and accounting as necessary evils, frequently asking these questions: Who has the time? Doesn’t my CPA handle this? How do I control my overhead costs? How can I grow my business if I do not have useful information to make decisions? We have no cash. Why? How do I […]
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 […]
