Thought Leadership from the Leaders in Virtual Accounting and Bookkeeping Services

Affordable DCAA Compliant Accounting Systems for Small Businesses

Posted by Dennis Najjar on October 18, 2016

Small businesses are required to set up DCAA-compliant accounting systems if they want to compete for government contracts, but these tools need not cost a fortune. With a basic understanding of DCAA requirements and most standard accounting platforms, qualified bookkeepers, controllers and accountants can meet and exceed the regulatory guidelines.

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Tags: dcaa, government accounting, dcaa compliant accounting, accounting systems

Employee Attendance Tracking and Payroll: What Every Business Owner Needs to Know

Posted by Kris Merritt on October 13, 2016

It's difficult to keep track of employees and their time spent on the job, more so if your operations span the globe. Learn how you can keep track of everyone and consolidate payroll regardless of location or schedule with the latest tech tips.

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Tags: small business tips, controller services, accounting services, time tracking, payroll

What it Means to be Voted Employer of the Year

Posted by Bill Gerber on October 5, 2016

As most of our loyal blog readers know, we typically write on topics related to small business, bookkeeping best practices and a host of information related to outsourcing accounting services. But today we are going “off topic” because we have incredibly exciting news that we wish to share with everyone. On Friday, September 30, 2016, was awarded the Gold Stevie Award for Employer of the Year! While we have always prided ourselves on our company culture and engagement initiatives as well as our leadership and our employees, this award goes above and beyond that by recognizing our achievements and their meaning on a national stage. And we are profoundly happy to announce that to everyone today.

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Tags: bookkeeping services, virtual bookkeepers, stevie awards, industry events, company culture,, accounting careers

Why Millennials Are Primed to Hire Outsourced Accounting Services

Posted by Bill Gerber on October 3, 2016

The popular narrative for Millennials has been largely negative when it comes to financial matters. Also known as Generation Y, this group is consistently painted as being poor at saving, unprepared for adult financial responsibilities, and highly reluctant to engage with the stock market.

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Tags: outsourced accounting services, controller services, financial management, outsourced bookkeeping services, millennials

5 Tips to Get Clients to Pay on Time

Posted by Dennis Najjar on September 26, 2016

We are generally industry agnostic when it comes to the clients we serve, but we count a significant portion of our clients from the professional services industry. As such, we have developed deep understandings of specific concerns that those in the professional services industry experience frequently, such as the payment cycles of clients. From late paying to non-paying, we know that getting clients to pay bills is a particular pain point in the services industry.

For example, you get to the end of a project, send the invoice, and you wait. Weeks pass, and you still don't have anything to show for your work. Late client payments do more than throw off your company's accounting — they could also cause major stability problems for your business. Entrepreneur reports 82 percent of small and startup business failures result from issues with cash-flow management. Use these five tips to get your invoices handled on time.

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Tags: small business tips, accounting, accounts receivable, invoicing

9 Bad Habits About To Ruin Your Bookkeeping This Year

Posted by Bill Gerber on September 23, 2016

Are you worried you might be engaging in some (really, really, really) bad bookkeeping habits? Perhaps some seem bad but not terrible---like overflowing, poorly organized filing cabinets. And perhaps others may be triggering red flags in your mind (is your check ledger sitting on your bookkeeper's desk right now?)

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Tags: accounting processes, bookkeeping mistakes

When Do You Need to Issue 1099s?

Posted by Kris Merritt on September 19, 2016

After failing to pay your taxes, failing to file the appropriate returns is the second easiest way to incur the wrath of the IRS. Your reporting obligations go beyond issuing W-2s to your employees. Many other outgoing payments should be reported on Form 1099.

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Tags: Bookkeeping Best Practices, small business bookkeeping, accounting processes, Form 1099

Resolving the Top 3 Sources of Conflict for Controllers

Posted by Dennis Najjar on September 16, 2016


Advances in technology are rapidly reducing the resources controllers must devote to routine tasks, leaving more opportunity for strategic planning. The timing couldn’t be better, as competition from global and internet-based companies continues to grow. Controllers are uniquely positioned to add value by spotting areas of opportunity for reducing expenses and using strengths to greater advantage.

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Tags: controller services, financial management, accounting processes

Angels, Crowds and Seeds: Choosing the Best Funding Options

Posted by Kris Merritt on September 15, 2016

Raising capital for your emerging business may seem intimidating because funding opportunities are more diverse than ever. Learn the basics of angel investing, equity crowdfunding and seed funding, and discover how to choose the best one for your company.

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Tags: angel investors, venture capital, raising capital, crowdfunding

How to Create a Travel Policy That Follows Sound Accounting Practices

Posted by Bill Gerber on September 12, 2016

When you create a travel policy, your first goal is to reduce risks through standardization and clarity. A close second should be creating a strong accounting system to track your travel expenses. This will allow you to accurately update your books, and with that information, you'll be able to better control your costs.

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Tags: expense tracking, accounting processes, expense management, accounting policy