Thought Leadership from the Leaders in Virtual Accounting and Bookkeeping Services

Our About.com Accounting Channel Round Up

Posted by Dennis Najjar on Mon, Aug 31, 02015

Whether you're complete up-to-date on our About.com Accounting Channel contributions or just hearing about it for the first time, we want to make sure you get a chance to connect with the content you find most important. Therefore, we've rounded up some of the top recent articles we have published and consolidated them here for your review. Let us know what you think!

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Tags: accounting strategies, accounting tips

7 Surprising Time-Saving Accounting Automations

Posted by Kris Merritt on Thu, Aug 27, 02015

The never-ending debate about whether accountants and bookkeepers can be replaced is ongoing still. Of course, you’ll likely always need actual human professionals to weigh in and oversee many functions—but there is a growing list of tasks and processes that can be automated to save everyone time and money. We have compiled 7 of the top automations we encounter regularly in the hopes that we unveil at least a handful of things you may never have considered but now will not be able to live without. And if you’re automating something special that we didn’t cover, tell us in the comments!

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Tags: Accounting Technology, accounting services, accounting tips, online bill management

Accounting and Bookkeeping Software for Independent Contractors

Posted by Bill Gerber on Mon, Aug 24, 02015

As an independent contractor, it is important to make sure your books are in order. One of the main reasons for this is to make your tax reporting a lot easier and get you back to work as quickly as possible. As an independent contractor, you are responsible for paying quarterly income taxes--which can be an arduous process if you don't know what you're doing. Knowing how much you are paying out and bringing in will assist in getting your taxes paid in a timely and accurate manner and reduce the amount of time spent with your bookkeeper or accountant. Having an accounting system in place will increase productivity and help your business run efficiently. By keeping track of bills, receipts, your net profit and gross profit, and by maintaining a clean balance sheet, you can keep an eye on your money without taking too much time from your day job.

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Tags: outsourced accounting services, small business bookkeeping, accounting software, entrepreneurs, independent contractor

13 Reasons All Our New Clients Use (and Love!) Bill.com

Posted by Bill Gerber on Tue, Aug 18, 02015

We pride ourselves on being on the cutting edge of accounting technology and innovations both on behalf of our customers as well as in our role as an industry expert. After extensive review, we made the company-wide decision in 2014 to bring all new clients on the Bill.com platform as they were on boarded as a client. To date we can say client experiences have been nothing less than stellar—and after a year and a half we seen enough to compile the following list of features that our clients love about Bill.com.

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Tags: Accounting Technology, online bill management

5 Ways Your Bookkeeper Can Ruin Your Business

Posted by Dennis Najjar on Thu, Aug 13, 02015

Bookkeeping is often one of those business tasks that rarely gets any notice until it needs major attention—namely because when bookkeeping needs attention it means something has gone terribly wrong. Otherwise, bookkeeping and the bookkeepers that are managing it tend to move along on their daily tasks without much oversight or attention. Unless you really prefer waiting until disaster occurs, we suggest paying regular attention to these 5 ways your bookkeeper can ruin your business—so he or she doesn’t! 

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Tags: small business bookkeeping, accounting services, bookkeeping mistakes

Why You Need To Know Our Virtual Isn’t Zirtual

Posted by Andrea Boccard on Tue, Aug 11, 02015

Yesterday, startup company Zirtual shuttered its doors unexpectedly. With hundreds (thousands?) of business clients on their roster, they severed the ties between their virtual assistant support and their clients without even a hint of notice. If you were a client of theirs or were simply considering outsourcing work to a virtual service, this may have you a bit unnerved. However, we would like to set the record straight on this one: AccountingDepartment.com’s virtual accounting services are nothing like Zirtual. And here’s why: 

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Tags: virtual bookkeeping, virtual accounting, outsourced accounting services, online accounting services

When Is A Good Time To Switch Accounting Services

Posted by Kris Merritt on Tue, Aug 11, 02015

Picture this: It is April 14, 2016 and you’re already feeling the burn of last year’s bookkeeping hiccups. From improper classifications to the 1099s you still don’t have prepared because you’re tracking down corresponding W-9 information, your taxes are going to need an extension—again. This is the fifth year in a row you have agonized through tax season, wringing your hands and wondering how you can fix it yet the dread you feel when you think about switching accounting services has kept you in the same annual cycle. To avoid the same crisis next year, it is officially time for you to figure out when is a good time to switch accounting services.

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Tags: outsourced accounting services, accounting services, online accounting services

GAAP Principles: Using the Accrual Concept

Posted by Bill Gerber on Mon, Aug 10, 02015

The accrual concept of accounting is the only method that is recognized within GAAP principles, the generally accepted accounting principles that are used by professional accounting firms most SMBs and larger businesses. While a sole proprietorship can get away with using the cash based accounting method, as your business grows it may be time to make the jump to accrual concepts.

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Tags: accounting strategies, gaap principles, accrual basis accounting

Smart Tools to Improve Cash Flow and Collections

Posted by Kris Merritt on Thu, Aug 06, 02015

No business can operate over the long term without generating sufficient cash inflows. Even a profitable firm will struggle if it can’t collect enough cash to fund operations. If cash collections are too slow, there are some great tools that can help you improve the process. When your business faces this challenge, an outside expert can help you address this critical issue.

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Tags: controller services, accounts receivable, cash flow management

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

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7 Reasons Virtual Accounting is Better Than In-House Staff

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