Purchasing resources for Small Business Accounting


Directory of small business accounting service providers. Quickly find information on accounting functions for small businesses. Locate the best financial accounting service to meet your business needs.

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Brookson's Contractor Accountants

Contractor accountant specialists Brookson offers a professional service for contractors

http://www.brookson.co.uk/
CSI Accounting Services

An accounting firm serving the Minneapolis and St. Paul Minnesota area.

http://www.csiaccounting.com/
Concise Accountancy - company formation accountants

UK company registration, annual return and accounts submission services. Fast response time and quick delivery of services.

http://www.conciseaccountancy.com
Patrick Accounting and Tax Services

Offers small business owners a full range of account and tax preparation services throughout the Memphis, TN area.

https://www.patrickaccounting.com/
Accounting Software

Business directory of software for accounting and accounting software system providers. Quickly find small business accounting software for your financial management and bookkeeping needs.

www.business.com/software/accounting-software/
Small Office Home Office Accounting

Accountants who specialize in helping home-based businesses handle accounting needs.

www.business.com/finance/small-office-home-office-accounting/
Small Business Accounting Firms in Chicago

There are many small business accounting firms in Chicago available who can provide taxing and spending strategies, as well as financial balancing.

www.business.com/finance/small-business-accounting-firms-in-chicago/
Payroll Software

Payroll software can make calculating salaries, tax withholdings, and deductions relatively easy. The latest payroll software allows small business owners to automate tasks and stay up-to-date with tax regulations, all while minimizing error and saving time.

www.business.com/software/payroll-software/
Payroll Services

Hiring a payroll service provider will help you to reduce the risk of error, save valuable time, and can save your company both time and money. Be sure to shop around with our vendors to find the best payroll service provider for your business.

www.business.com/human-resources/payroll-services/
401k Plans

Information on 401(k) plans.

www.business.com/finance/401k-plans/
401(k) Plans Key Terms

Source: /guides/401-k-plans-key-terms-33062/

Learning about 401(k) plans key terms is a good place to start if you're considering starting up a retirement fund for your employees. From automatic enrollment to matching, after-tax and pre-tax contributions, 401(k) plans have several terms you may want to know before beginning one of these programs. Read More »

401(k) Plans Industry Overview

Source: /guides/401-k-plans-industry-overview-21253/

The 401k plan grew from a little known tax code loophole--which is where the 401k name came from--to the most common way workers invest for their retirement. This industry possesses trillions of dollars in allocated 401k retirement plan contributions. Read More »

Bookkeepers


Bookkeeping may sound like a yawner when compared to the excitement of sales, the creativity of marketing and the thrill of harnessing new technology. But this time-honored activity remains one of the most crucial of all business tasks. Giving it the attention it deserves will contribute to your continued success.

Hiring a professional bookkeeper to handle your books can do far more for your business than simply plug in ledger entries. A bookkeeper who maintains accurate records can:

  1. Help you attract investors.
  2. Give you a clear picture of your financial situation.
  3. Help you compare your budget vs. actual expenditures.
  4. Help you avoid cash-flow problems.
  5. Facilitate tax preparation and reduce the likelihood of an audit.

Can you do it yourself?

If you're just launching a business or running a part-time venture, you may be able to handle bookkeeping duties yourself. If so, take the task seriously and get some basic training.

Know the types of bookkeepers

Compare differences between a full-charge bookkeeper, certified bookkeeper, general bookkeeper, assistant bookkeeper or freelance bookkeeper. Certified bookkeepers have passed a national exam and have at least two years' experience. On the other end of the spectrum, an assistant bookkeeper has up to one year of experience performing basic bookkeeping functions.

Evaluate your needs

Determining which tasks you need your bookkeeper to handle will help you narrow the field. Among other responsibilities, a bookkeeper may be charged with recording all transactions in the general ledger, accounts payable, accounts receivable, bill payment, payroll, filing payroll tax returns, tax services and bank reconciliation.

Hire a professional

Hiring the right bookkeeper can help your business in many ways.

Choose an automated system

No matter which kind of bookkeeping professional you hire, you'll need to set up a bookkeeping system. Most small businesses use accounting software or Web-based programs to facilitate bookkeeping.

Use double-entry bookkeeping

It's generally accepted that a bookkeeper should use the double-entry bookkeeping method. This means that for every transaction listed, there needs to be a credit and a debit listed in order for your ledgers to balance.

Use bookkeeping to help with tax prep

Having a bookkeeper who maintains accurate records can be a real boon at tax time. With proper record-keeping, preparing and filing your taxes will be less of a chore and an audit will be less likely.

Avoid bookkeeper fraud

Anytime you place one person in charge of your financial books and check register, there's a potential for fraud. Implement a system of checks and balances to avoid fraud, such as having your bookkeeper write checks but having someone else sign them. Ask for frequent reports and take the time to analyze them.