Category: Accounting

July 10, 2021
How to Perform Interim Financial Statement Check-up
Mid-year is an excellent time for a check-up of your accounting records. Reviewing your finances can help you stay on top of potential red flags before they become a problem. This is also good to do before you consult your tax accountant about potential estimated tax responsibility.     Review your balance sheet Most business […]
July 10, 2021
Simple Tips to Maintain Good Record Keeping in The Office
Are you an office manager, intern, or other non-accountant professional responsible for bookkeeping in your company? There are many things to keep track of while managing your company's books, which can often seem complicated. However, there are simple record keeping best practices you can follow to ensure you maintain good record keeping in the office. […]
January 21, 2021
MonthEnd Checklist
Preparing to Close the Financial Month The end of a calendar month should bring with it a flurry of activity in the accounting department. The goal of the entire month end process is a set of good reports business owners can use to make decisions. Before the reports are worth the paper they will be […]
January 21, 2021
Accounting Services In Cleveland
Everyone knows what an accountant generally does — work with money and numbers. But the field of accounting is actually extraordinarily broad and diverse. While you may know that you need an accountant, you may not know the difference between an accountant and a certified accountant, or what kind of services they can offer you. […]
January 21, 2021
What is the Difference Between Earned & Unearned Income
Most income that you will receive is likely earned income. If you do a service for someone and invoice them for it and then receive payment, that payment is earned income. In fact, in accrual accounting QuickBooks will have already recorded the income as of the date on the invoice. But in other instances, where you might […]
January 20, 2021
6 Financial Ratios Every Small Business Should Know
Financial ratios are used in lots of different settings. External stakeholders, like lenders, may use them when processing loan requests. Managers may employ them when comparing multiple similar companies or when deciding if purchasing a business makes sense. But it is not just in these more significant situations where ratios are useful. Every small business […]
January 2, 2021
Top Mistakes Cleveland Business Owners make on their Taxes
Top Mistakes Cleveland Business Owners make on their Taxes Business taxes can be incredibly complicated, and mistakes on your tax return can lead to potential issues with the Internal Revenue Service (IRS) or even worse, unnecessarily inflate your tax liability. Wondering if you’re completing your tax return correctly? To get an idea of how accurate […]
January 2, 2021
What You Need to Know About Picking The Best Cleveland Accountant
What You Need to Know About Picking The Best Cleveland Accountant Everyone wants the best accountant. But how can you determine which of the accounting firms in Cleveland actually have the best accountant or the best bookkeeper? As with many professional services, it’s all about doing your research. Here’s what you need to know. Make […]
January 2, 2021
Top 5 Benefits of Outsourcing in 2021
Top 5 Benefits of Outsourcing in 2021 Covid-19 may be to blame for speeding up the outsourcing trend, but the transition to a non-traditional workforce had begun well before the onset of this virus. First, it became common for the employee sitting next to you at work to have been with the company for only […]
January 2, 2021
Top 5 Reasons Every Business Needs an Accountant
Top 5 Reasons Every Business Needs an Accountant Whether you have a just-opened single owner sole proprietorship or a family business that has been passed down for generations, having access to professional accounting services and advice can add significant value to your business. From saving you time and money to partnering with you to help […]
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