The #1 Startup Accounting Practice You Absolutely Must Be Doing Now (Whether You Are Targeting An Acquisition Or Not)
Put Startup Accounting On Cruise Control Now Or Pay The Price Later A peer at a recent marketing conference shared with me a harrowing story about how her former startup’s poor accounting almost prevented Google from acquiring them. The lawyers required that every transaction and every dollar was accounted for, however, as is the case […]
Top 5 Tools to Help Accountants Manage Clients More Effectively
Gone are the days when bookkeeping for small business, planning and budgeting revolved around physical ledgers, or even excel spreadsheets. While accountants are naturally going to be drawn to processes which allow them to really get into numerical detail and work with complicated formulas, these days there are so many tools available that allow for […]
Using QuickBooks Desktop? Import your Bento transactions!
You asked, and we’ve delivered (as always)! You can now seamlessly import transactions from Bento for Business into QuickBooks Desktop! Transaction Pro Importer has created custom mapping for Bento users to import Bento transactions into QuickBooks Desktop (Pro, Premier or Enterprise). If you use Transaction Pro Importer already, go ahead and try it today! Simply […]
How To Avoid Expense Surprises At Tax Time
When tax time arrives, it can be immensely stressful for small business owners and their financial accounting teams, particularly if mistakes have been made throughout the year, or if not enough thinking and planning have gone into what needs to be done for the federal tax return. Leaving things until the last minute is […]
The 5 Best Ways to Grow Your Accounting Business
To be honest, many of your clients and potential clients probably don’t think that there’s much of a difference between one accounting business and the next – as long as their books are done and taxes filed without any issues from the IRS. Unless you offer extremely specialist services, in order to get new […]
5 Things Sole Proprietors Should Automate or Outsource ASAP
One of the topics that comes up most when I talk to our CPA and accounting clients is time: they want more of it. But the universe is stingy. So I decided to ask some people who always seem to get stuff done on time what they recommend. Turns out, it’s two things: automation and […]
Fraud Alert: 10 Ways You’re Making it Easier for Employees to Steal from You
Whether or not you’ve stopped to think about it, small businesses are more vulnerable to internal fraud than their larger counterparts. This is because small businesses… Typically don’t have a budget for fraud detection. Rarely have official policies in place for handling funds, checks, reimbursements, and bills. Often rely on trust rather than clearly defined […]
5 Fraud Prevention Strategies for Small Businesses on a Budget
Preventing fraud may not be top-of-mind for most small-business owners, but accounting professionals understand that fraud is a real – and potentially costly – risk. In fact, the Association of Certified Fraud Examiners (ACFE) found in 2016 that the median fraud loss at businesses with fewer than 100 employees is $150,000 – the same as it is for […]
Engagement Letter Lingo – Say What You Mean!
Susan Pruskin, a Top 100 QuickBooks ProAdvisor who writes for ClockShark, created this helpful post on how to write good engagement letters. (It’s harder than you think!) An engagement letter is an absolute necessity in any service business. Your client must know exactly what to expect from you. Words can be tricky little things, especially […]
What’s Keeping Accountants Up at Night?
Accounting is an interesting, complex and often rewarding career, but being responsible for the financial ins and outs of a business, no matter how large or small, is bound to be the cause of some pressure. If you’re an accountant, then chances are you’re being kept awake at night by some, or even all, of these […]
Independent Accountant vs. Working for an Accounting Firm: What’s Right for You?
Are you a qualified accountant considering whether to strike out on your own? As with any industry, there are pros and cons of working for yourself as well as working as an employee. To make it easier for you to decide, we thought we’d look at the pros and cons of each option for you: […]
In-House Accountants Can End Employee Reimbursement Headaches With Bento
Are you tired of making employees remember to bring back receipts? What about reimbursing expense reports? Not to fear! Expense management is so much easier with Bento’s highly visible dashboard and real-time expense tracking. As an in-house accountant, your job probably involves reconciling accounts, dealing with financial discrepancies, analyzing balance sheets, preparing year-end accounts and […]
