Bye-Bye Fax Think Beyond the Desktop Discontinues Fax It is with great sadness that after almost 20 years I am saying good-bye to my fax number and service! This change will have little to no impact to the service we deliver since after all, when was the last time you ever sent me a fax (if ever)? If you do need to send us information and don’t have access to a scanner, most local office supply UPS stores or banks offer scanning services for a nominal fee. If you are looking to purchase a new scanner and would like help contact us at firstname.lastname@example.org for recommendations and discounts on some of the leading brands.
5 Steps to Get Your Small Business Started with Social Media Is your small business ready to reach a larger audience, build a loyal customer base, and establish brand recognition? Then it’s time for your small business to embrace social media marketing. Social media is a great way for your business to grow and increase profits for (almost) free. Proper social media management may take a little effort, but the payoff can be huge. If you don’t know how to begin, or if you have started and feel stuck, here are 5 simple tips to help get your business’ social media on its feet. 1. Choose Social Media Platforms When you use social media for business, the first thing you should consider is which platforms will be most effective. Not all social media is created equal, so take some time [...]
Is the Person Handling your Accounting the Best Person Suited for the Job? As a small business owner, deciding where and how to spend your money can be a difficult decision. Most will opt to reinvest their profits into products, equipment, or services that will help to generate additional revenue rather than on services to help track and manage their finances. I totally get this! After all, it’s the revenue that keeps the lights on and the employees paid. But who is making sure that the bills get paid and payroll gets processed? If your answer to this question is not “a highly skilled bookkeeper with accounting experience that understands my business and can help me understand the numbers and grow,” I suggest you read on. If you think the person currently in that role is as described above, you [...]
The Newest Feature in Bill.com – Paying a Vendor without Entering a Bill! Have you ever needed to pay a vendor right away, but have too much going on to drop everything and upload and enter the bill into Bill.com? There is an awesome new feature from Bill.com available for iOS (sorry, Android users) that’s just what you’re looking for! This new process allows users with the correct permissions to pay a vendor without entering the bill first. The user must be an Administrator (verified to pay), or someone with a custom user role that includes permission to “Manage Bills and Vendor Credits” and “pay unassigned bills via Bill.com.” How it Works First, select the + (plus sign) in the upper right hand of the Welcome Page in the app and choose “Pay a vendor.” Bill.com will then create a bill associated [...]
Tracking What you Owe - Accounts Payable Whenever I meet with a potential client for the first time, I always start off by asking two simple questions: “What are some pain points in your business?” and “What do you want from your accounting system?” Accounts Payable When I asked these questions in my most recent meeting, the client answered by saying he has no idea how much he owes his vendors, or when those payments were due. Currently, they just record a check, posting it directly to the expense or liability account. This reminded me that not all business owners and bookkeepers understand the many benefits of entering bills as accounts payable. Even if your reporting method is cash basis, you can still use accounts payable as a way to track what is owed and when it’s due. Benefits of [...]
Basic Financials 101 – Part 2: The Balance Sheet Report In Part 2 of our Basic Financials series, we’ll cover the Balance Sheet Report This article is an easy to understand guide to provide you with a better understanding of how to gauge your business’ financial health. Why It’s Important for your Business Of the financial reports that you should familiarize yourself with, the Balance Sheet Report is arguably one of the most essential. This report is an indicator of the financial health of your business at a specific time - usually at the end of a month, quarter, or year. Basically. It gives you an overview of your business’ net worth. When trying to secure financing or outside investors, this report shows your ability to meet financial obligations as well as investments made into the business by partners or [...]
Payroll and Employees - Getting Ready for Year End It’s the most wonderful time of the year! ...Said no small business owner, ever. End of the year payroll tax form preparation can be a hassle, and juggling running your small business and ensuring accuracy of all your year end payroll employee’s information can be hectic. But the end of the year doesn’t have to be so stressful for your small business, as long as you’re organized and prepared! So what exactly do you, as a small business owner, have to do in order to prepare for the end of the year? Here are a couple of things that every business owner should complete at this time of year, so that later there’s plenty of time to enjoy holiday cookies and pretending to like your in-laws! Payroll Records Ensure that your [...]