Most business owners assume their books are fine. They’re getting reports, things seem to reconcile, and nobody has flagged a problem. But “fine” and “accurate” aren’t the same thing, and often, the difference shows up at the worst...
Bookkeeping
Why Quarterly P&L Review Matters
Running your business with intention means scrapping the guesswork and using relevant, timely information when making financial decisions. If you’re looking at your P&L just once a year, you’re checking the GPS after already missing the exit. A quarterly cadence...
Bookkeeping |2 min read
Why Hiring an Accounting Firm for Bookkeeping Makes Sense
Bookkeeping is an essential task for every business. You can do it yourself, hire a bookkeeper in house, outsource to a bookkeeping service, or have it done through your accounting firm. But, one way or another, you have to do it. Our team supports business owners no...
SaaS Revenue Recognition and ASC 606
Proper revenue recognition is one of the more complex compliance issues for SaaS companies. Causes for complications include: Subscription-based revenue Multiple performance obligations – setup, support, or consulting in addition to the software Discounts,...
How to Handle 1099s for Venmo Payments to Vendors
When it comes to the new third-party payment rules for 1099s, confusion reigns! Don’t worry. We’re here with an easy explanation of what’s going on and how to best handle the situation as a business owner. Disclaimer: As of April 2024, the information below is...
Bookkeeping |2 min read
The Importance of Keeping a Quality Set of Books
Every business owner knows keeping a quality set of books is vital for staying in compliance – but having access to this data for tax returns is just one reason why accurate accounting is important. Work proactively, not reactively Without an accurate picture of your...