KYB Today

                                               

29 Dec How Do I Safely Get My Financial Information To A Virtual Accountant?

Posted at 10:50h in

Bookkeeping & Accounting

by Becky Brown  •  0 Comments

If you’ve been reading this blog, I hope we’ve given you some idea of the value of outsourcing your bookkeeping and other financial tasks to a virtual accountant. It’s one of the most effective ways that a small or growing business can save both time and money, freeing up resources so that you can focus your energies on more crucial activities. This being said, we understand that you may still have some reservations about handing over your finances to an outside team who promises to manage it all “in the cloud”. While cloud computing has become a hugely popular trend in the past few years, we understand that it opens up some new concerns. One of these is the matter of how safe it is to transmit your financial information to a virtual accountant.

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21 Dec Professional Services That Can Help Your Business Run More Smoothly

Posted at 10:46h in

Bookkeeping & Accounting

by Becky Brown  •  0 Comments

As a business owner you have likely worked in a variety of capacities in your business. Limited resources during the early stages of a business often make it necessary for an entrepreneur to fulfill many, if not all, of the roles related to running the company. But as your business grows it will become necessary to bring in the help of certain professional services in order to get everything done and help your business run more smoothly.

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14 Dec 4 Tips to Determine if Your Profit & Loss Statement is Accurate

Posted at 06:00h in

Bookkeeping & Accounting

by Becky Brown  •  0 Comments

The primary function of profit and loss (P&L) statements is to show the profitability of your company. If your business hasn’t been making profits, you can use your P&L to understand why by looking at the revenue coming in and expenses being spent. In short, the P&L takes all the income and subtracts all expenses.

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09 Dec How Do I Know If I Am Paying My Accountant Too Much?

Posted at 06:00h in

Bookkeeping & Accounting

by Becky Brown  •  0 Comments

Part of running a successful business is keeping your expenses as low as possible. However, you do not want to cut expenses so much in certain areas that it impacts the quality of the services you receive. Accounting is one area where you may be concerned that paying less means you are getting a lower quality of service. Thankfully, you do have options for high quality accounting help that costs significantly less than having a fulltime accountant. If you suspect that you are currently paying your accountant too much, here are two ways you can be sure.

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07 Dec How Do I know if My Bookkeeper is doing a Good Job?

Posted at 06:00h in

Bookkeeping & Accounting

by Becky Brown  •  0 Comments

There are some situations in which it is easy to determine if someone you have hired is doing a good job. If your car stops working you can conclude that the mechanic did a good job once the car is up and running again. When a dentist fixes a tooth that was causing you pain, relief from that pain is likely the only evidence you need to feel like it was a job well done. But, sometimes it is more difficult to determine if someone you have hired is doing a good job. For example, how do you know if your bookkeeper is doing a good job? Accurate bookkeeping is an important part of running your business so you need to do more than simply hope or assume that you have a high quality bookkeeper.

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