When Push Comes to Shove, Hire an External Auditor

Mar 10, 2015 | Bookkeeping, Financial Statements, General Ledger

While you should also look to self-audit, it is good business practice to bring in an external auditor. The government requires a number of businesses to hire an external auditor to look at their books and financial statements. However, you should hire an external...

Creating Accurate Financial Statements for Bookkeeping Purposes

Mar 10, 2015 | Bookkeeping, Financial Statements

Financial statements are known to be the official reports of the well-being of an organization’s bookkeeping and include the statement of cash flow, the balance sheet, and the income statement. You should produce these statements every quarter at a bare minimum,...

When Bookkeeping it’s Vital to Make Sure the General Ledger is Up-to-Date

Mar 10, 2015 | Bookkeeping, General Ledger

Every organization has a general ledger that lists your accounts and the balance of every account. In this instance, account refers to the different types of financial components a business can have, which includes assets, liabilities, revenues, expenses, and...

Getting Value for Your Money When Hiring an Accounting Professional

Feb 16, 2015 | Bookkeeping, Business Taxes, Corporate Accounting, Deductions, Individual Income Tax Returns, Tax Credits, Tax Planning, Taxable Income

Most CPAs do not come cheap; however, many are very reasonably priced, but you will always want to get the most value for their services. Please remember that you are in control and there are a wide range of things you can do to get the very best out of the time and...

Tips for Choosing the Right CPA

Feb 12, 2015 | Bookkeeping, Business Taxes, Corporate Accounting, Deductions, Individual Income Tax Returns, Tax Credits, Tax Planning, Taxable Income

Those interested in hiring a CPA should ensure the individual in question holds an active CPA license, has the necessary experience, and is compatible with your needs in terms of personality and communication style. Remember, you are trusting this individual with...

What Makes A CPA Different from an Accountant?

Feb 8, 2015 | Bookkeeping, Business Taxes, Corporate Accounting, Deductions, Individual Income Tax Returns, Tax Credits, Tax Planning, Taxable Income

A surprising number of people aren’t aware that a CPA is different to a bookkeeper, standard accountant, or tax preparer. In actual fact, CPAs are among the most recognized and trusted professional designations in the world of business. There are a host of stringent...