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Banking

Everything but the Kitchen - Synced! A Perfect Trio - Your Bank, Your QB, & HRBiz

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Everything but the Kitchen - Synced! A Perfect Trio - Your Bank, Your QB, & HRBiz

Do you find yourself dreading the end of the month? Are statements coming in fast and furious and you're feeling overwhelmed? Is your banker unsure about what's needed to make your bookkeeping and bank accounts talk to each other?

Did you know that syncing with your bank is possible regardless of whether you have QuickBooks Desktop, QuickBooks Online or XERO?

We can help! We know how to...

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Making a List & Checking It - TWICE! Your End-of-Year Checklist for Bookkeeping

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Making a List & Checking It - TWICE! Your End-of-Year Checklist for Bookkeeping

It’s almost the end of the year! Are you feeling overwhelmed about getting your financial books arranged in an orderly way to feel well-organized for 2016? Are you going to be ready for 2015 taxes?  Do you need advice to get the ball rolling?

We have a list of recommendations to help jump-start the process. If you do not know how to do any of these – we will be glad to come and train you or do it for you so that it will be ready for your accountant.  We have a great year-end review team! Here goes:

·         Hunt down all of your receipts and organize them by month in folders or envelopes.

·         Run a P&L for the year and click on each line item to review what was placed in that category.  Look for inconsistencies and change categories as appropriate...

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Minding Your P's & Q's in Bookkeeping - 8 Handy Points

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Minding Your P's & Q's in Bookkeeping - 8 Handy Points

“It’s tough being a stickler for punctuation these days. One almost dare not get up in the mornings.” So says Lynn Truss, in her humorously informative book, Eats Shoots & Leaves: The Zero Tolerance Approach to Punctuation. Here at HR Business Solutions, we’re sticklers for tidy books, which is why we get excited about bookkeeping clients asking us to go through and make sure everything is correct (or that it gets corrected!).

If you’ve ever said to yourself, “I hate the details – but I know more or less what’s been done in my bank account this month” then we’d love to put all the P’s and Q’s in order for you so you’ll have an accurate picture of “the big picture.”

Here’s why meticulous bookkeeping is so important:

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Learn the Language of Bookkeeping - 13 Lucky Terms You Need to Know

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Learn the Language of Bookkeeping - 13 Lucky Terms You Need to Know

Are you intimidated by “Accountant speak”?  Have you avoided looking at your accounts because it’s intimidating? Here are some helpful definitions of the most commonly used Accounting terms.  Click here or here for websites with more detailed definitions.

Accounting - A method of recording, classifying, and summarizing financial information for your business

Asset - What your company owns or has rights to (ex. Accounts Receivable is an asset!)

Balance Sheet - A statement that details assets, corresponding liabilities on those assets and equity or retained earnings

Budget - Plan that formulates a company’s goals and objectives in financial terms

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