Thought Leadership from the Leaders in Virtual Accounting and Bookkeeping Services

#GivingTuesday at AccountingDepartment.com

Posted by Andrea Boccard on November 29, 2016

Every year AccountingDepartment.com donates a portion of its revenue to Alternating Hemiplegia of Childhood Foundation (AHCF). Once a year, we reach out to family, friends, clients and colleagues to help assist in the fundraising efforts. No amount is too small, no assistance is too little and any amount you can donate is greatly appreciated. 

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Tags: philanthropy, alternating hemiplegia of childhood, giving tuesday, ahc

Should You Lease Equipment Instead of Buying It?

Posted by Bill Gerber on November 23, 2016

Every kind of business will eventually acquire new equipment and capital assets to continue its operations — manufacturers periodically upgrade their factory machines, service providers require the latest gear to serve their clients, retailers update store and warehouse fixtures, and executive and administrative offices retire outdated furniture, cubicles and computers. Although these investments can bring benefits to your enterprise from an efficiency and competitive perspective, a new equipment purchase typically presents a confusing array of financing options along with several potential pitfalls.

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Tags: bookkeeping services, small business tips, accounting tips

DCAA Compliance Overview for New Contractors

Posted by Bill Gerber on November 21, 2016

Federal government contracts can be a lucrative and stable source of income for your business. Due to competitive bidding rules, most domestic businesses have a chance at winning a contract as long as they make the best bid and prove they can follow through on it.

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Tags: dcaa, government accounting, dcaa compliant accounting, government contractor accounting

First-Time Contractor's Guide to Subcontractors

Posted by Kris Merritt on November 15, 2016

Your first government contract can be a rewarding experience, but what happens when you find out you need extra help completing the job? Learn what you need to know about DCAA requirements regarding subcontractors to stay in compliance.

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Tags: government accounting, dcaa compliant accounting, government subcontractor accounting, government contractor accounting

5 Reasons We Discuss More Than Bookkeeping Services

Posted by Bill Gerber on November 12, 2016

If you are an ardent follower of our social media profiles, you may notice on occasion that we do not limit ourselves to bookkeeping or controller services focused topics. Don’t worry, we aren’t having an identity crisis. Instead we believe that it is our responsibility to share everything we can to support small and mid-sized businesses—and it turns out, we have a lot to share.

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Tags: bookkeeping services, small business tips, small business

10 Basic Accounting Terms Defined

Posted by Kris Merritt on November 10, 2016

While not everyone has the opportunity to study accounting, a CEO needs to possess knowledge of all aspects of a successfully-run business, even when a company is hiring outsourced bookkeeping. Here are ten accounting term definitions to get you started to effectively communicate with your online accounting services provider.

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Tags: small business tips, accounting services, online accounting services

5 Accounting Technology Innovations CFOs Cannot Afford to Live Without

Posted by Bill Gerber on November 8, 2016

In a survey conducted by Robert Half Management Resources, 41 percent of CFOs cited technology as a major source of stress in their jobs, saying that innovations in accounting are progressing so rapidly that it’s difficult to keep up. Becoming familiar with the biggest trends minimizes the struggle with increased efficiency and a more streamlined approach to managing corporate finances.

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Tags: Accounting Technology, cfo services

First-Time Contractor's Guide to Avoiding Common Deficiencies

Posted by Dennis Najjar on November 4, 2016

Contract work can be very rewarding, but sometimes you can get tangled up while learning the ropes. Learn about the most common deficiencies and how to avoid them so your first contract doesn't end up in "nots."

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Tags: dcaa, government accounting, dcaa compliant accounting, government contractor accounting

The Problem with Outsourced Bookkeeping Services (and What to Do About It)

Posted by Bill Gerber on November 1, 2016

We stumble across replicas of our website, thought leadership and work product fairly regularly. Yes, even close industry contacts and well known competitors have on occasion attempted to steal our content and repurpose it for their own websites. While we appreciate that imitation is the sincerest form of flattery, we also realize that in some ways our hard work is being used to mislead prospective clients into accidentally trusting an inferior company that can’t do (and therefore copies). If you are even beginning to consider using an outsourced company, here are a few things you need to know.

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Tags: virtual bookkeepers, outsourced services, outsourced bookkeeping services

What are the Telltale Signs that Your Business is the Victim of Fraud?

Posted by Dennis Najjar on October 27, 2016

Your business may have implemented procedures to help prevent bookkeeping fraud, but they're not 100 percent guaranteed to work. Nearly half of all small businesses experience some type of employee fraud for an average loss of $114,000. To avoid taking that kind of loss, you need to be able to spot the warning signs of employee fraud early on. Here's what to look for.

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Tags: bookkeeping services, fraud protection, accounting processes