OSYB Blog: Number Crunch!
News and Views from OutSource Your Books, LLC
Simple Bookkeeping Guide
June 20, 2019 by OSYB Staff
Starting a small business and not quite prepared to hire a professional bookkeeper? Intuit Quickbooks shares some easy simple steps to start you off: First decide which type of accounting system you will use: Cash accounting – Tracks cash flow as it enters and leaves your business in real time, accounts receivable and accounts payable […]
Bookkeeper vs. Accountant-Why Your Small Business Needs Both
July 24, 2017 by Ed Becker
“Bookkeeping is designed to generate data about the activities of an organization,” said D’Arcy Becker, CPA and chairwoman of the Department of Accounting and Finance at the University of Wisconsin. “Accounting is designed to turn data into information.” As a small business owner, you may or may not have a bookkeeper on staff. You may […]
Why Does Your Small Business Need a Bookkeeper?
July 17, 2017 by Ed Becker
Would you perform surgery on yourself? In the same vein, you would probably not replace a roof or furnace in your home, unless you were a roofer or HVAC professional? It would then most likely follow that you would not risk trying to keep your own business’s books, if you are not a professional bookkeeper […]
Fraud Facts
April 10, 2017 by Jarred Berman
The Association of Certified Fraud Examiners (herein referred to as ACFE) publishes a report known as Report to the Nations every two years since 1996. This report is a summary of a detailed analysis of actual cases worked on in the most recent years by Certified Fraud Examiners (CFEs). The report presents data on the […]
Tax Season 2017 Prep for Your Accountant
February 6, 2017 by Ed Becker
Tax season seems to pop right up nearly as soon as the holiday season ends. If you have stayed on top of your bookkeeping, and kept everything current, then tax season is not such a stressful time. If things have lagged behind, it is time to get it all in order for your accountant. By […]
Year End Small Business Accounting Tune Up (Update)
December 19, 2016 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 year end accounting season. It’s when you need to compile and prepare end of year documents for your CPA, so they can file everything for you before the upcoming deadline. Which accounting documents will your CPA […]
Year End Bookkeeping Checklist (Updated)
December 12, 2016 by Ed Becker
The year has come and gone and now it is time to get information to your CPA for tax return purposes. A small business should be performing all of its essential accounting functions in a timely manner all year to ensure nothing is overlooked. This also could save you in CPA costs, if you are organized […]
Last Quarter of an Election Year- Concerns of Small Businesses
October 31, 2016 by Ed Becker
The final quarter of the year is typically spent gearing up for the holiday season, and finding as many tax breaks as possible. During this tenuous election year, small business owners are more concerned about the economy and about how the election results are going to affect their business. Small business owners are concerned, and […]
