Thought Leadership from the Leaders in Virtual Accounting and Bookkeeping Services

Why Our Clients Are Relying On An Outsourced CFO

Posted by Dennis Najjar on Mon, Aug 03, 02015

Throughout the course of our work we find ourselves engaging with and working in accordance with many different types of professionals to assist our clients. One of the most common professionals we work with is the company CFO—and for good reason. Of course CFOs rely on accurate financial statements and thorough accounting, which is the bulk of our daily work for clients. As we’ve honed this working relationship and find ourselves engaging on more comprehensive levels with our clients’ CFOs, we’ve started to notice a bit of a trend: Many of our clients are increasingly reliant upon outsourced CFOs.

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Tags: Small Business Advice and Tips, accounting tips

How Much Do Accounting Services Cost?

Posted by Kris Merritt on Tue, Jul 28, 02015

Without fail, we get asked “How much do accounting services cost?” by about ten percent of our initial inquiries. The question comes in various forms, from “What is your hourly rate for a bookkeeper?” to “Can I get a ballpark of what it would cost for a daily bookkeeping service?” but the questions all boil down to one main concern: Cost.

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Tags: bookkeeping services, accounting services, accounting costs

CEOs Guide to Choosing Accounting Services

Posted by Dennis Najjar on Thu, Jul 23, 02015

When making the decision for what type of team or service provider should handle the company accounting services, the CEO or owner needs to keep an eye on many factors—some of which may not always be in agreement. To ensure an efficient, effective and profitable future, everything from service quality and experience to cost and scalability need to be considered. Assessing and choosing the right option requires checking a lot of boxes—but this guide should help keep you track to a successful decision.

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Tags: Small Business Advice and Tips, outsourced accounting services, small business tips, accounting services, online accounting services

Dennis Najjar Announced As New Accounting Expert on About.com

Posted by Bill Gerber on Mon, Jul 20, 02015

In early June 2015, About.com reached out to our co-founder Dennis Najjar to discuss the opportunity for taking on a new project they were formulating under the Money Channel. As you may imagine, we were both thrilled and flattered to be considered for the opportunity. Previously without an Accounting Channel, About.com was looking for an Accounting Expert to take on the entire responsibility of creating content and cultivating the channel. The timing was absolutely perfect as Dennis and AccountingDepartment.com had spent years growing a base of education to support business owners and entrepreneurs and were primed for taking on such a tremendous and exciting endeavor.

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Tags: Small Business Advice and Tips, small business tips, accounting services, accounting tips

GUEST POST - Accounting for Custom Software Investments

Posted by Dennis Najjar on Tue, Jul 14, 02015

We love our clients. In addition to the obvious love of providing great bookkeeping and controller services, we also enjoy working with them on projects, from serving on Stevie Awards committees to collaborating on joint blog posts to help serve the greater community. Last week we had the pleasure of working alongside some great minds at Gaslight, a custom software and application company, and produce a great new blog post on how to account for investments in custom software when managing your books. We hope you enjoy it (link clicks through to their site, where our joint work will live on in eternity! Or until rules change, in which case we will update and let you know).

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Tags: accounting strategies, custom software investments

REPOST: Micro Business to SMB: Is Your Business Ready to Grow?

Posted by Dennis Najjar on Mon, Jul 13, 02015

There comes a time in your business when you must either sink or swim. This will determine whether or not you’re in it for the long haul, or if you’re ready to throw in the towel. For those businesses who have a vision, this may mean it’s time to expand. When this occurs, you need to be prepared. Why would you want to expand? There are a number of reasons:

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Tags: small business bookkeeping, bookkeeping services

Why Professional Accounting Costs Less Than DIY

Posted by Dennis Najjar on Fri, Jul 10, 02015

If you own a business and are doing your own accounting then you are costing your company money. Too many owners think they are cutting costs but keeping accounting internal, but the price they are paying is actually higher than hiring an outsourced accounting department.

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Tags: outsourced accounting, accounting services, financial management

10 Signs Your Business Is Ready For Online Accounting Services

Posted by Kris Merritt on Wed, Jul 08, 02015

Ever wonder how a company ultimately decides which services solution is appropriate for their business? Some choose to keep services housed internally, managing from within and scaling under a complex internal structure. Others choose to augment their organization with freelancers and part-time contractors to support niche areas or expanded requirements. And finally others choose to outsource fractional services, including everything from their marketing to their entire accounting department. To an outsider, a company's reasoning or decisionmaking for a particular choice may seem opaque or arbitrary--but to the individual company, signs that you're ready to use online accounting services are often clear and distinct.

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Tags: bookkeeping services, accounting services, online accounting services

3 Steps To Creating Small Business Optimism With Virtual Accounting

Posted by Bill Gerber on Fri, Jul 03, 02015

Can virtual accounting help raise small business optimism when other steps have failed?

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Tags: virtual bookkeeping, virtual accounting

Is Cloud Accounting Software a Good ROI?

Posted by Bill Gerber on Wed, Jul 01, 02015

Given the widespread adoption of cloud-based software across all industries and technology platforms, it is easy to see how cloud-based accounting software would likewise gain traction across the accounting technology spectrum. Additionally, as cloud-based accounting tools are likely to grow in popularity over the coming years, the prudent CEO needs to consider whether to convert to a cloud-based accounting system is a good decision for ROI. While we recommend discussing your options with an accounting services or outsourced bookkeeping provider to learn whether these opportunities are a good fit for your business, the following should help you get started in your investigation.

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Tags: data security, accounting software, accounting services, cloud-based accounting

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