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KYB Today

                                               

25 Apr Are You Spending More Than $60,000 a Year on Your Back Office Support Person?

Posted at 01:00h in

Business Tips, Bookkeeping & Accounting

by KYB Blog  •  0 Comments

Did you know that a back office support employee can cost a startup or small to mid-size business upwards of $60,000 each year? While that figure may vary, this is a lot of money to fill a role that doesn’t necessarily require a full-time salaried position — not to mention the benefits that go along with that salary, resources necessary to train them, equipment to help them do their job, and so forth.

Here’s another important question. Did you know you could be getting the same amount of support that a full-time employee provides by outsourcing to a remote accounting or bookkeeping partner… at a fraction of the cost?

Explore what’s possible when back office support is taken off your plate and managed by a remote provider like Keeping Your Balance. 

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21 Mar Are These Accounting Mistakes Costing Your Law Firm Big Money?

There are only so many hours in the day, and most lawyers need to spend that time focusing on their clients — not sending bills, mastering their accounting software, creating financial reports (or trying to interpret them properly), or following up on late payments.

While accounting might not be your forte, you don’t want your firm to suffer due to some simple mistakes. Review these five law firm accounting mistakes that could be costing your firm a lot of money, and learn what steps you can take to avoid them.

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13 Mar 4 Times It’s OK to Fire Your Bookkeeper

Posted at 08:30h in

Outsourcing, Bookkeeping & Accounting

by KYB Blog  •  0 Comments

Are you struggling with your bookkeeper? Are you unsure if they can keep up with the evolving needs of your growing company? Do you not get the insights on financial reports that you deem necessary to manage your business? Have you possibly even considered firing them? While it’s never easy to let someone go, sometimes it’s necessary for your business to thrive.

However, before you make a hasty decision, we recommend you think through the following signs to evaluate whether or not it’s time to part ways with your bookkeeper. If they’re guilty of these four things, they may not be the right person for the job — and it might be wise to start considering other options.

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27 Feb Why You Need a Bookkeeper Who Understands Trust Accounting

Posted at 08:30h in

Bookkeeping & Accounting

by KYB Blog  •  0 Comments

As a lawyer, your skills might include establishing trust funds and the parameters for using them. But, while trust accounting is not very complicated, managing the actual funds themselves is likely out of your realm of expertise. In fact, even some bookkeepers aren’t familiar with the nuances of trust accounting.

That lack of familiarity, albeit common, can lead to mistakes with real consequences. Poor account management and record keeping can result in trust fund violations, which can lead to severe ramifications — even disbarment.

Explore a few common trust fund accounting mistakes, and learn how partnering with a bookkeeper that has trust accounting experience can help you avoid them.

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16 Feb 8 Financial & HR Tasks That Could Be Automated at Your Agency

Keeping a marketing/ad agency or PR firm on point requires a lot of proactive juggling. Between acquiring new clients, delivering work to current clients, honing creative skills and proficiencies, and staying on top of the latest technology and best practices, there’s more than enough to keep your schedule packed. And that’s all before bringing up the backroom processes that ensure your company functions efficiently and effectively.

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