It is simple. The one reason you should outsource your bookkeeping is fraud. The news wires are full of stories detailing the losses to businesses because of fraudulent bookkeeping activities.
https://expexinc.com/one-reason-why-you-should-outsource-your-bookkeeping/
EXPEXINC.COM
One reason why you should outsource your bookkeeping. • expex Inc.
Today, most bookkeeping is performed by humans, but with the advent of AI (Artificial Intelligence) and RPA (Robotic Process Automation), the future of bookkeeping is changing very quickly. Computers are taught how to perform bookkeeping tasks, …and they do them quickly and without error. Oh, and it is incredibly secure. Automated bookkeepers can now “read” bills and statements, learn where transactions should be booked, and crunch through bank reconciliations.
https://expexinc.com/why-your-bookkeeping-practice-needs-an-automated-solution/ #bookeeping #automatedbookkeeping
EXPEXINC.COM
Why your bookkeeping practice needs an automated solution • expex Inc.
Carly manages your bookkeeping tasks automatically and enables you to relax, knowing that the processes are taken care of. Even if something comes up while you’re away enjoying a well-deserved break, Carly will notify you and manage it directly online. No more urgent calls, workarounds, or flying blind while you’re away. Just a relaxing time, the way it should be.
Remote employees can perform all the bookkeeping and financial tasks necessary. Carly is there to enforce a robust set of controls mitigating the opportunity for employee fraud. Your team can be spread out remotely amongst three counties or 12 states. Carly is there giving you complete financial visibility so that you can make better decisions.
https://lnkd.in/ewdS9aR
EXPEXINC.COM
The art of remote out-of-office bookkeeping • expex Inc.
Fraud is something that most small business owners don’t like to think about and often think, “That can’t happen to me.” However, as we’ve previously discussed, it happens far more often than business owners would like to admit.
https://expexinc.com/preventing-fraud-in-an-smb-using-bill-payments-control/
#smbs #bookkeepingsolutions
EXPEXINC.COM
Preventing Fraud in an SMB using bill payments control • expex Inc.
We’ve all read about improving processes and how running an efficient business is important to become more profitable. But as small business owners, we are often caught up in the issue of knowing that we have a small staff and no matter how efficient we are, we will always need the same number of employees. With payroll being the largest expense in most SMB’s, how can tools that we must pay for, create enough value to help bring a return to the bottom line?
https://expexinc.com/operational-efficiency-getting-your-team-on-board/
#betterbookkeeping #Carly #smallbusinessowners
EXPEXINC.COM
Operational Efficiency- Getting your team on board • expex Inc.
Simply stated, we learn from each other. Open and honest discussion between business owners provides real life tales of running a small business. At Expex, we work within the small to medium sized business communities. Bookkeeping is such a critical function for a business, yet it is so often overlooked and under reviewed.
https://lnkd.in/eaPWrpY #automatedbookkeeping #bookkeepingservices
EXPEXINC.COM
A client’s tale of bookkeeping challenges. • expex Inc.
It is a new year, and 2021 is an opportunity to clean up from 2020 and set our sights on an organized accounting system for the new year. Small business owners are looking to choose a bookkeeping software for their business. Great idea, but let’s take this a step at a time. We can help you find the perfect solution for your business.
https://expexinc.com/how-to-choose-a-bookkeeping-software-for-your-business/
EXPEXINC.COM
How to Choose a Bookkeeping Software for Your Business • expex Inc.
Great article that all small business owners should read. I'm sure we all have traits that fit into both categories and can select one or two traits to work on.
NOOBPRENEUR.COM
Traits to Get Rid of and Traits to Develop When Running a Business
QuickBooks is by far the dominant provider of accounting software for small businesses in the United States. Most small business owners have found that even though QuickBooks is designed to be easy to use, it can become a serious problem when mistakes are made. With proper financial reporting so crucial to a business’s success, owners don’t have the time or patience to learn all the ins and outs of accounting and find it expensive and frustrating to correct mistakes after they are discovered. Let’s look at some common QuickBooks mistakes and how they can be corrected.
https://expexinc.com/3-quickbooks-mistakes-you-might-be-making-and-how-you-can-fix-them/ #bookkeepingservices #virtualbookkeeping #smbs
EXPEXINC.COM
3 QuickBooks Mistakes You Might be Making and How You Can Fix Them • expex Inc.
Understanding business spending, specifically business expenses, can help the business owner monitor and predict costs looming in the near future. Business expenses should be tracked through your financial accounting system and reviewed monthly as part of your income statement. Creating the habit of tracking your expenses makes for a clear understanding of your business spending, creates accurate tax-ready financials, and is critical in understanding your business cash flow.
https://expexinc.com/why-should-i-track-my-business-expenses/ # #smallbusiness #onlinebookkeeping #bookkeepingservices
EXPEXINC.COM
Why Should I Track My Business Expenses? • expex Inc.
Bank reconciliations are critical to maintaining a financially healthy business. Reconciling your bank account ensures that you identify unusual transactions caused by accounting mistakes or fraud.
https://expexinc.com/everything-you-need-to-know-about-bank-reconciliations/ #virtualbookkeeping #bankreconciliation #bookkeepingservices
EXPEXINC.COM
Everything You Need to Know About Bank Reconciliations • expex Inc.
The thought of calculating estimated quarterly tax payments can be daunting. The key to successful estimated tax planning is in the process and understanding how to project for these quarterly payments. For this particular discussion, we are focusing on federal estimated tax payments.
https://expexinc.com/how-to-pay-estimated-tax-payments/
#estimatedtax #AutomatedBookkeeping #smallbusinessowner
EXPEXINC.COM
How to pay estimated tax payments • expex Inc.
With tax season right around the corner, small businesses are preparing for tax season 2020 and getting their books ready to deliver to their tax professionals. Some companies simply hand over their books to their CPA and let them go to work. Others spend time trying to make sure their books are clean before handing them off to their accountant. However, the simplest way to prepare for tax season is to have a checklist to prepare your books quickly and efficiently for your tax professional.
https://expexinc.com/preparing-for-tax-season-2020/
#bookkeepingservices #AutomatedBookkeeping #smallbusinessowner #taxseason
EXPEXINC.COM
Preparing for tax season 2020 • expex Inc.
Are you thinking about hiring a bookkeeper, an accountant, or both? What is the difference between a bookkeeper and an accountant? We will shed a little light on the roles and responsibilities, highlighting the differences between an accountant and a bookkeeper.
https://expexinc.com/what-is-the-difference-between-an-accountant-and-a-bookkeeper/
#bookkeepingservices #accountant #smallbusinessowner
EXPEXINC.COM
What is the difference between an Accountant and a Bookkeeper? • expex Inc.
Are you thinking about hiring a bookkeeper, an accountant, or both? What is the difference between a bookkeeper and an accountant? We will shed a little light on the roles and responsibilities, highlighting the differences between an accountant and a bookkeeper.
https://expexinc.com/what-is-the-difference-between-an-accountant-and-a-bookkeeper/
#bookkeepingservices #accountant #smallbusinessowner
EXPEXINC.COM
What is the difference between an Accountant and a Bookkeeper? • expex Inc.
Looking forward to this event with Capital Region Chamber!
Capital Region Chamber
January 28 at 6:53 PM ·
Starting and working in your business is fun and exciting, but you also want to understand your business's finances!
Join the Chamber and Anthony Lombardo of Expex, Inc. on February 11 at 9 a.m. for "Financial Management for Small Businesses and Startups."
The session will help you understand the basics of financial reporting, software tools available and how to select one, and which professional you will need to work with to help manage your business’ finances.
Registration open to Chamber members and non-members. Reserve your space here: https://members.capitalregionchamber.com/eventcalendar/Details/businessu-financial-management-for-small-businesses-and-startups-299822?sourceTypeId=Website #finances #financialmanagement #startups
For accountants, the concept of cash vs. accrual is straight forward. But small business owners often don’t understand it or how it affects their business. Business owners will typically leave the decision to their accountants on whether their business should be on a cash basis or accrual. Still, owners need to understand the difference so they know how transactions affect their financial statements. So, let’s look at these two accounting methods and break down some of the differences.
https://expexinc.com/what-is-the-difference-between-cash-and-accrual-accounting/ #bookkeepingservices #AutomatedBookkeeping #virtualbookkeeping
EXPEXINC.COM
What is the difference between cash and accrual accounting? • expex Inc.
