Tag: QuickBooks Pro
-
Year-End Accounting Tips
Year-end accounting is a critical time for businesses to ensure that their financial records are accurate and compliant. It’s a time to wrap up the current year’s financial activities while also preparing for the upcoming year. Here are some essential year-end accounting tips for businesses to consider: 1. Reconcile Your Accounts Bank and Credit Card […]
-
Free 30-minute bookkeeping review! Quickbooks Online or other software
BOOKKEEPING REVIEW We offer a free 30-minute review of your books via Zoom. Silicon Harbor Business Services is based in Mount Pleasant, SC. We provide solid, practical advice to small business owners and select individuals. We work with Quickbooks Online, Quickbooks Desktop and Quickbooks Enterprise. For a complete list of our services, please click here. Reach out to our team of Business Consultants […]
-
How are prepaid expenses adjusted on the general ledger?
How are prepaid expenses adjusted on the general ledger? Prepaid expenses are items that a company has paid for in advance but has not yet consumed or used up. These expenses are initially recorded as assets on the balance sheet because the company has a future benefit from them. To adjust prepaid expenses on the […]
-
How to hire a good bookkeeper
How to hire a good bookkeeper Hiring a bookkeeper can be a great way to take the burden of managing your finances off your shoulders, but it’s important to choose the right bookkeeper for your business. In this blog post, we’ll explore how to hire a good bookkeeper. 1. Determine whether you need a bookkeeper […]
-
Common Bookkeeping Mistakes and How to Avoid Them
Common Bookkeeping Mistakes and How to Avoid Them Bookkeeping is a crucial part of running a business, but it’s easy to make mistakes that can lead to financial inaccuracies and potential legal issues. Here are some common bookkeeping mistakes and tips on how to avoid them. 1. Not Keeping Receipts Mistake: Failing to keep receipts […]
-
Revenue vs Profit
Revenue vs Profit Revenue and profit are two important financial concepts that every business owner should understand. While they are related, they are not the same thing. Revenue is the total amount of money that a company takes in, while profit is the amount of money that the company has left after expenses have been […]
-
Managing Cash Flow
Managing Cash Flow Managing cash flow is critical for the success of any business. Cash flow refers to the movement of cash in and out of a business, and it is essential to maintain a positive cash flow to ensure that the business can pay its bills, invest in growth, and remain solvent. In this […]
-
Can a bookkeeper prepare payroll?
Can a bookkeeper prepare payroll? A bookkeeper can play a vital role in the payroll process for a business. Payroll is the process of paying employees for their work, and it involves a lot of different tasks such as calculating employee pay, withholding taxes, and making sure that employees are paid on time. A bookkeeper […]
-
Reminder- Filing Due Dates
Reminder that 941 Quarter 4 forms are due today, January 31, 2024. Form 1099 MISC recipient copy deadline is January 31. If you are filing through paper forms, the due date is February 28. The electronic filing due date is March 31 for the 2023 tax year. January 31, 2024 is the deadline to file […]
-
Who really needs to work with a bookkeper?
Who really needs to work with a bookkeeper? Most businesses could benefit from working with a bookkeeper. Here are a list of who really needs one: Anyone who doesn’t have the time or knowledge to keep their books up-to-date or at least a monthly basis. Any small business owner who wants to make sure they […]