Uncategorized

    Understanding Internal Controls What are the benefits of internal controls? What are the types of internal controls? Preventive Detective What are the internal control procedures for bookkeeping accuracy?           It is essential for businesses to keep their financial records accurate and void of any anomalies.   This can be…

    What is accounting software? What are the factors to consider when choosing accounting software? What are the five benefits of using an accounting software? What are the top three accounting software programs for small businesses? QuickBooks Xero FreshBooks         If you want more informed financial decision-making without doing the tacky…

    When is the tax season in the US? How should you prepare for tax season? Make use of technology Maintain organized books Regularly reconcile accounts Update yourself with the latest amendments or changes in tax laws Gear up for quarterly taxes Communicate effectively with your clients Provide value-added services Conduct post-tax season reviews…

  Understanding outsourcing and in-house bookkeeping Outsourcing bookkeeping In-house bookkeeping The Pros and Cons of Outsourcing Bookkeeping The Pros and Cons of In-House Bookkeeping Factors to consider when making the decision             Bookkeeping is a cornerstone upon which the entire financial framework is built upon.   However, the decision between…

  What are the advantages of social media advertising? 1. Increased brand awareness 2. Generate leads 3. Cost-effective advertising 4. Easy-to-use interface 5. Rake in sales 6. In-depth analytics What are the disadvantages of social media advertising?           Social media is a true catalyst—it has turned the world of marketing upside…

Nothing is more volatile than the economy. A recession represents a significant downturn in economic activity that may pose substantial challenges for businesses, particularly small businesses. However, this does not mean you must cut corners to “save” more money or increase your profits, possibly in these turbulent times. Having the support of a virtual assistant…

Learn to manage your expectations Communicate, communicate, communicate Be open to two-way constructive feedback Compensate your virtual assistant fairly Build trust and autonomy Recognize and reward Respect their time               Behind every successful business is a healthy and collaborative relationship between employers and employees, and working with a remote…