5 Signs Your Bookkeeping Needs a Clean Up
Running a business gets busy, and bookkeeping can quickly fall behind. We’ve helped business owners who thought their books were fine until we looked closer and found incorrect balances, uncategorized transactions, payment processor issues, and old invoices affecting their reports. Here are five signs your books may need a clean up. 1. Your bank balance does not match your bookkeeping software You
Read MoreLessons from the Bench Accounting Shutdown: Choosing a Stable Bookkeeping Partner
The unexpected shutdown of Bench Accounting has left many of its customers scrambling to transition their financial operations. The news came abruptly, with Bench announcing on December 27th that its services would cease immediately, leaving users with limited access to their financial records until March 7th. For many small business owners, this development was not just inconvenient—it was a wake
Read MoreMastering the Art of Business Budgeting: A Step by Step Guide
Creating a budget for your business might sound like a daunting task, but armed with the right tools and methodology, it becomes a powerful tool to guide your financial success. In this guide, we'll delve into the step-by-step process of crafting an effective budget that not only helps you achieve your short and long-term goals but also maintains its relevance as your business evolves. Step 1: Def
Read MoreHow to Reconcile your Accounts in QuickBooks Online
What are reconciliations? Reconciling is where you tie your accounting back to a source of truth. Most reconciliation is reconciling bank accounts. So, you are reconciling all the transactions you have made over the course of a month or whatever the accounting period is back to the actual statement from that financial institution. Now, it does not necessarily always have to be bank accounts, but t
Read MoreHelp! How Do I Start My Business?
For many would-be entrepreneurs, the hurdles of starting a business can seem overwhelming. Fortunately, with the amount of information available on the internet, understanding the legal and practical steps to get your new business up and running is easier than ever. To help you out I’ve compiled helpful articles from a few companies leading business service and business advice industries. How to s
Read MoreWhat are Accounting Principles and Why Do They Matter?
Accounting principles are the rules and benchmarks in the accounting field that a company should follow while reporting the financial statements. In the USA the Financial Standards Accounting Board (FASB) and the Securities Exchange Commission (SEC) have endorsed the U.S. Generally Accepted Accounting Principles (GAAP). Compliance with the Generally Accepted Accounting Principles requires that acc
Read MoreBookkeep & Prosper is Growing!
I write to inform you of some exciting news - Bookkeep and Prosper is growing! I would like to welcome my wife, Dana Schryver, to the business. Dana is a Certified QuickBooks ProAdvisor with an eye for detail. As we look to grow our business her added expertise will bring great value to our current and future clients. Dana and I coming down from the top of Mount Carrauntoohil in County Kerry, Irel
Read MoreCan Bank Feeds Fix My Monthly Reconciliation?
Reconciliation is an important part of the accounting process for ensuring the accuracy of your figures. It’s very easy for a business to imagine they have spent a certain amount of money only for the bank to reflect a very different story. For years, the manual method of reconciliation has been used, where accountants or business owners look through the transactions reported by the bank and compa
Read MoreThe Benefits of QBO's Automatic Sales Tax Feature
QuickBooks Online, also known as QBO, is an online version of the QuickBooks accounting software that can be used through a web browser. This makes it extremely convenient to use, but convenience isn’t the only benefit. For an eCommerce business there is another major benefit that could save you a lot of time, worry, and expense. The software provides options including standard bookkeeping facilit
Read More4 Steps to Military Grade Cyber Security
Are your internet dealings secure? Yes, you have antivirus? That’s great! What about password protection and virtual private networks? Hard drive encryption? . . . Is your data safe? Consider the following list of the top 5 largest data breaches as of July, 2019. 1. Yahoo: 3 billion accounts in 2013 2. Yahoo: 500 million accounts in 2014 3. Marriott/Starwood: 500 million guests in 2018 4. Friend F
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