Nanonets

APRIL 3, 2024

Businesses are now embracing the virtual to streamline their financial management processes. Enter virtual bookkeeping – a paradigm-shifting approach that harnesses the power of digital tools and automation to revolutionize traditional bookkeeping practices. What is Traditional Bookkeeping?

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Stephanie Peterson

NOVEMBER 14, 2021

Any transactions that are not classified must be done before your taxes are filed to ensure accuracy. Your Accounts Aren't Reconciled It is crucial to make sure accounts are reconciled before filing your taxes. It is vital to iron out these mistakes before tax season.

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Virtual Bookkeeping Tax QuickBooks Reconciling 52

Stephanie Peterson

SEPTEMBER 13, 2021

Is your bookkeeping disorganized? Typically this occurs due to having insufficient time, an amateur bookkeeper, or failed efforts. By maintaining your books regularly, reviewing reports, and reconciling your accounts at the end of each month, you can avoid bookkeeping disasters.

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Less Accounting

MARCH 16, 2023

Even if you are a solopreneur, freelancer, or small business owner, you may need to look into how much a bookkeeper costs and if you are ready to outsource bookkeeping to a professional. There are so many great benefits to hiring a bookkeeper and the good news is that the cost is tax-deductible. What does a bookkeeper do?

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5 Minute Bookkeeping

OCTOBER 28, 2021

When it comes to paperless document management, there are several areas you need to address for virtual bookkeeping. After that, we obtain the documents we need from our clients, anything from bank statements to a copy of their last business tax return. You’ll need to reconcile the bank and credit card statements.

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Bookkeeping Virtual Bookkeeping QuickBooks Accounts Payable 52

5 Minute Bookkeeping

MARCH 8, 2021

Really, a cleanup is taking a set of messy and incomplete books and going through a process of reviewing, catching up, fixing what’s wrong, and reconciling. The goal is to reach a point where you have complete, accurate, and tax-ready financials. First of all, your goal is to have tax-ready books. Types of cleanups.

QuickBooks 52

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5 Minute Bookkeeping

JULY 29, 2021

Tip #2: Reconcile business bank and credit card accounts. The reason we start with reconciliations is that even though we think we’ve entered everything in QuickBooks, the only way for us to know that we actually have entered everything is to ensure that all transactions are reconciled. Option #2: Dummy bank account method.

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