In the cash flow interpretation, the accrual accounting counts income when it’s earned, not when the cash hits the bank. So if you invoiced a client last month but haven’t been paid yet, your income statement says you made money, but your bank account says otherwise. The purpose of a statement of cash flows is […]

We’re passionate about helping small and mid-sized businesses reach financial success! For over 25 years we’ve helped Lawyers, Doctors, Restaurants, income summary Online Stores, and Manufacterers reach their goals. Find out how we work with your accountant to ensure a seamless tax season year after year. Catch-up bookkeeping is billed at $295 per month, which […]

Make sure that you meticulously keep records, such as saving receipts and bank statements. You’ll also need to separate your business from your personal expenses since there’s a difference between self-employed deductions and those you can take as a normal taxpayer. For individual taxpayers, cash contributions are generally limited to 60% of your Adjusted Gross Income […]

Tax guidance, catch-up bookkeeping, and CFO advisory services are all billed as extras at Xendoo. Adding tax guidance to your plan will cost an additional $1,200 per year. Catch-up bookkeeping is billed at $295 per month, which while cheaper than CARES Act some competitors, is the only service on our list that offers it as […]

Data security and privacy are one of the many reasons it is important to choose the right company to help with your bookkeeping services. There are regulatory guidelines, rules,  and compliance requirements that must be followed. They include best practices for storing sensitive data, protecting privacy, and taking Legal E-Billing measures to prevent a security […]

Avoid debts and late fees which can stagnate business growth, and can quickly leave you feeling behind. Schedule a phone appointment with us to help you identify areas in which your bookkeeping could improve. We take the headache out of accounting so you can get back to focusing on your business. Business Check Stores We […]