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Bookkeeping Tips: Sales Tax

In this weeks Bookkeeping tips article, we discuss the need to sharpen your skills in sales tax. As a seller of taxable products and services, collecting and remitting the correct amount of sales tax is critical. Audits can be brutal, and mistakes can be expensive.

Topics: Business Advice Bookkeeping

The Importance of Password Security and Password Keepers

 

Hackers are proving to be smarter and faster each and every day when it comes to hacking/breaching a network or e-mail. Some breaches, you don’t even realize that you have a breach until it’s too late. Most people don’t realize the importance of having a strong and unique password.

Topics: Best practices Advice Business Advice

What does your month end close process consist of?

Why monthly bank reconciliation is imperative

In today’s business environment, knowing how much cash your business has readily available is critical to the success of your organization.  This starts with the bank reconciliation, which enables effective cash flow management.

Bank reconciliations compare a company’s records to their bank records, which authenticates cash activity.  The bank statement is the source document issued by your bank confirming cash movement for a specific time period.

Topics: Accounting Accounting Methodology Cash Flow Management Accounting procedures Business Advice Bookkeeping

Want Better Results? Maximize Profits And Control Costs Today!

When growing your small business profits margins are a big deal.

Maximizing profits are not just for huge corporations. There are ways to make your revenue stretch and work for you. You can maximize your profits by making a few changes in your business.

These are easy to implement and follow.

Topics: Accounting Accounting procedures Business Advice

How To Increase Your Business Value That Will Help You Maximize Profit

When it comes to running your business, there is a lot of work involved to ensure its success.

One of the ways that helps its longevity and profit is learning how to increase your business value.

The value of the business incorporates five key elements or as they are often called, business key value drivers. Here are examples of each one and what you should know about their importance to maximize profit potential in your business.

Topics: Accounting Advice Business Advice