Great news for QuickBooks Online Users (Oct 2016)

Great news for QuickBooks Online Users!!! In the next few weeks you will be seeing improvements to the reports!

Per QuickBooks you can look forward to these improvements:

  • More Professional looking reports that are easy to share & print
  • Additional Options to quickly customize reports
  • 10 new ready to use reports and more on the way
  • You will also still have access to any saved Customized Reports you have already created

quickbooksonlinelogo

For more details, please visit: http://quickbooks.intuit.com/blog/improved-quickbooks-reports/

 

Should I be doing my bookkeeping myself?

Should I be doing my bookkeeping myself?

Many business owners ask themselves “Should I be doing my bookkeeping myself?”, this is a very important question and you should be considering all of your options.

The 1st question I would suggest asking yourself is, Is doing the bookkeeping yourself really the best use of your time? Truly when it comes to YOUR business you need to spend your time focusing on your clients, growing your business, and taking your company into the future, if doing the books takes you away from any of these items you should consider hiring a bookkeeper.

The next question you should ask yourself is Do you have the knowledge to even do the bookkeeping? This is not an insult on your intelligence it is taking the time to make sure you can get the correct information from your Bookkeeping when it is needed. Although bookkeeping / accounting software’s help walk you through starting your books the knowledge of how to ensure they are setup correctly can be confusing. If you are not recording accurate information then your bookkeeping is rendered incorrect which may lead to problems with your taxes and growing your business.

Software…. Choosing a bookkeeping software can be quite the chore but here at A.S.Bookkeeping, LLC. we like to suggest our clients use QuickBooks. Many of our clients have to come to us and have already started using QuickBooks which is great but while helping clients out we often hear “Oh I didn’t even know you could do that” often times clients are using some other programs or applications and are paying additional money for something that their QuickBooks can already do for them. On the other hand there are also other programs and applications that are supported by QuickBooks that can help your business save time and money by simplifying processes so that you can focus on your business and not the books.

Consider taking a few minutes to calculate how much time your spending on your bookkeeping each month and multiply that by your hourly rate / average party income in hours; You could be losing money by spending time doing the books and not conducting business!

One final thing to consider is are you losing family time because you need to do bookkeeping instead? We are all trying to strive to find balance between work and family and your bookkeeping should not take away from family time because that is time you cannot get back.

Bookkeeping is important, please do not ignore it! We at A.S. Bookkeeping, LLC. would love the opportunity to assist you with your bookkeeping needs and finding a system that works best for you and your business.

To contact us you can complete the below form or email us at amy@as-bookkeeping.com

[contact-form][contact-field label=’Name’ type=’name’ required=’1’/][contact-field label=’Email’ type=’email’ required=’1’/][contact-field label=’Website’ type=’url’/][contact-field label=’Comment’ type=’textarea’ required=’1’/][/contact-form]

Productivity… Is the problem in Your Head?

One of my favorite magazines is Inc. and I recently read an article titled “Inside the Psychology of Productivity“.  My clients are always talking about the importance of being productive on a day to day basis and I thought this article was very insightful to the battles we all have in regards to the issue of Productivity.

Check out the full article at http://www.inc.com/magazine/201503/leigh-buchanan/the-psychology-of-productivity.html

Some of the Key points within the article are

  • Get to the root of YOUR procrastination
  • Focus on Progress, NOT To-Dos
  • Beware of Time Thieves
  • Be In-the-Moment with Everything You Do
  • “Don’t waste time on indecision. The secrete to moving forward with confidence is knowing where you want to Go”

Exciting Announcement! We have partnered with Assurance Financial Management!!

ASB & AFM Logo (Web 16.6kb)

I recently was presented with an opportunity to partner with a company by the name of Assurance Financial Management; I have accepted the offer with them so that I can expand the services offered to my current clients and to future clients!

I have spent a lot of time researching and meeting with the professionals at Assurance Financial Management and its partners!  I feel they are some of the best in the industry with professional personnel who are friendly and willing to go the extra mile to take care of each and every one of their clients!

Assurance Financial Management provides bookkeeping / accounting services tailored to each businesses  needs! They also customize an all-inclusive plan to include the businesses bookkeeping / accounting, payroll, human resources, and CPA needs with its partner companies.  Assurance Financial Management is partnered with JDS Professional Group Certified Public Accountants, Consultants, and Advisors; a firm that has thrived in the Denver Market for more than 30 years.  They are also partnered with One Point Comprehensive HR Solutions who offer various resources in Payroll Management, Human Resource Services, and benefits management!

“Assurance has successfully integrated critical elements of the back office into one easily manageable solution. We have pared, assigned personal financial consultants, with the industry’s most effective and intuitive technology as well as integrated accounting and HR solutions. This powerful combination is necessary for successful businesses, organizations, and individuals to manage critical financial data in real-time.  We empower you with the confidence that you have the trusted business resources in place to ensure operations and “back office” do not distract you from accomplishment of your strategic mission.”

“Success is getting what you want. Happiness is wanting what you get.”

Dale Carnegie

Dale Carnegie

Quick Tip- Quickmath Calculator

http://www.fishbowlinventory.com/infographics/quickbooks-tips-four-july-17-2012.html

http://www.fishbowlinventory.com/infographics/quickbooks-tips-four-july-17-2012.html

“Accounting Rocks”

Accounting Rocks

Reconciliation (Term Tuesday)

Reconciliation aka Balancing the Check Book

Definition

Investopedia defines Reconciliation as “An accounting process used to compare two sets of records to ensure the figures are in agreement and are accurate. Reconciliation is the key process used to determine whether the money leaving an account matches the amount spent, ensuring the two values are balanced at the end of the recording period.” http://www.investopedia.com/terms/r/reconciliation.asp

If you use a Bookkeeping software you most likely enter the transactions that go through your bank account or credit cards into the software but just “Entering” those transactions does NOT mean you have reconciled your account most bookkeeping software’s have another area in which you compare your accounts in two different forms to make sure everything has been entered at the end of each month! If you have not been completing this second area of reconciliation you might want to contact a bookkeeper to help you to actually complete your Reconciliation’s.

 

bank-building-icon

Organizing Your Office Can Greatly help with your Productivity

Organizing might not be your TOP priority when it comes to your business but taking the time to organize your office may just help your productivity level more than you could imagine.

I found this great article with 25 Office Organizing Tips that everyone can benefit from doing. Here is a summary of the tips provided by “Business Know How” you can find the full article at http://www.businessknowhow.com/manage/getorg.htm

  1. Clean out each desk drawer, to free up even more valuable storage space.
  2. Clear off the top of your desk, then wipe off the surface of the desktop.
  3. Keep essential items on your desktop (computer, phone, fax, card file).
  4. If you work with more than one person create an in box for each person.
  5. Have a master to-do list for each day at your desk.
  6. Pre-Sort the mail.  To-File, To-Read, To-Contact(write or call).
  7. Use a variety of containers to organize office supplies, paper clips and pens.
  8. Use a variety of desktop organizers or trays to organize papers that come across your desk.
  9. Create a separate drawer for personal paperwork, items, etc.
  10. Use storage boxes to store dated files.
  11. Purchase Magazine boxes to store booklets, magazines, catalogs you want to keep.
  12. Create a file for magazine articles or scan them into your computer.
  13. Filing system should be simple easy and manageable
  14. Color-coding your files makes it faster to find information.
  15. Do not over stuff folders.  It may be time to toss some of the information in the folder .
  16. Never overload filing drawer.  It will make it difficult to retrieve information in the drawers.
  17. Sub-divide larger files with interior file folders.
  18. Tab hanging file folders in the front.
  19. Return calls in batches.  Leave specific messages and the time you called if the person you’re trying to reach isn’t available.
  20. Empty workspace of everything but the project you’re working on to cut down on distractions.
  21. Keep an assortment of all-occasion cards and stamps in your desk.
  22. Keep takeout menus from favorite restaurants so you can  order ahead and pick up dinner on your way home.
  23. When using more than one checking account, color coded checks are an easy way to identify each account.
  24. At the end of each project or event, organize paperwork and file or store it.
  25. Straighten desk at the end of the day and especially at the end of the week so that you can start each morning with a clear desk.

The above information was obtained from http://www.businessknowhow.com/manage/getorg.htm!

file boxes

 

 

The number of times I succeed is in direct proportion to the number of times I can fail and keep on trying.” Tom Hopkins

Tom Hopkins