Maintaining accurate financial records is crucial to the smooth operation of any small business. Bookkeeping entails maintaining precise and accurate records of all assets, liabilities, income, and expenditures through a solid chart of accounts. However, many small...
Ask any successful entrepreneur what the most challenging part of running a business is, and they will more than likely mention accounting as one of their biggest challenges. Business bookkeeping is much more complicated than simply balancing the checkbook each month...
Due to record-high inflation rates, Americans have watched prices soar over the past two years. Unfortunately, these same increases haven’t come in the form of raises or other income increases, which has left many people in severe financial hardship. Although many of...
Being a freelancer allows you to work on projects that interest you at your own pace. Freelancers can pick work from several clients across many time zones and in different areas of expertise. This freedom, however, comes at a price. Freelancers and self-employed...
All business owners want a thriving business that grows consistently and offers steady profits. Tax preparedness is key to this. Businesses are required to pay taxes on their profits but there are ways to reduce their tax liability so that more funds are available to...
Payroll is the compensation you owe your employees for their work in your business. Payroll is calculated based on the gross pay minus all taxes and deductions that must be paid. One of the many duties an employer has is calculating payroll taxes for their employees...
Many small business owners undervalue the importance of a tax expert, but your business can work much better with the help of a tax preparer. A tax preparer gives you peace of mind to work on what matters. You also have the certainty that your taxes are in order and...
When you own and run several franchises, you may find bookkeeping to be the stressful part of your job since each of your franchises has to keep up with their own records. You could hire an HR person for each of your stores but that could get expensive. There are...
Forensic accountants are equipped with a wide range of skills that help the identity of reporting misconduct in financial records. At Remote Quality Bookkeeping, we offer forensic bookkeeping and accounting services at a fraction of the cost of traditional service...
Effective inventory management is vital for any business to function sustainably. Everything has to be recorded, from raw materials to finished products, to ensure you don't face any delays that could've been avoided. At Remote Quality Bookkeeping, we offer a range of...
With the economy's ups and downs, every small business owner is looking for ways to cut costs and stay afloat. Luckily there are creative ways to do just that. Here are some suggestions from the professionals at Remote Quality Bookkeeping you should try: Go Paperless...
Are you worried about catching up on your bookkeeping as the year comes to an end? If it's any consolation, you are not the only one. You're supposed to update your books consistently throughout the year, but few small businesses and individuals actually do that....
