The start of a new year is an exciting time in the business world, with many people taking the leap towards self-employment. Existing businesses can also take this opportunity to plan out the year ahead, and try to improve on the year before. Now’s the perfect time to draw up some goals for the year…
No matter how big or small your client’s business is, effective budgeting can make or break it. Part of effective budgeting is not just setting an appropriate budget, but sticking to it. That’s where you as their accountant or bookkeeper come in….
The way businesses treat their customer’s data is almost always huge news. Mishandling customer information can seriously tar the reputation of a businesses and in some cases, lead to legal issues. It all sounds quiet scary, doesn’t it? We’ll go over the basics of protecting your clients’ records. What are an accountant’s record-keeping responsibilities? Financial…
Bank reconciliation is an essential part of the bookkeeping process for any business. It’s also time consuming, demands complete concentration to avoid mistakes, and honestly? It’s really dull. Fortunately, times have changed. Out-of-date bank reconciliation checks can be replaced by a more efficient automated process. In this article we explain why bank reconciliation is important,…
Billing clients for the work that you do sounds simple enough, but the reality can sometimes be a bit tricky. You might charge an hourly rate, a monthly fee, or a set amount per project. Then there’s the question of when to actually invoice the client. Before getting started? Should you request a deposit first?…