Arlene Efondo

Bookkeeping Tips for Small Business Owners: Staying Organised Throughout the Year Staying organised with your finances throughout the year can save you time and prevent headaches during tax season. Here are some simple tips to keep your books in order: -Keep personal and business expenses separate. -Track all income and expenses immediately. -Regularly review your financial reports. -Use cloud-based accounting software for easy access. -Hire a professional bookkeeper to ensure accuracy. By following these tips, you can maintain financial control and avoid costly errors! Dm for Bookkeeping services.

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𝐑𝐞𝐧𝐭𝐚𝐥 𝐏𝐫𝐨𝐩𝐞𝐫𝐭𝐲 Management 𝐁𝐨𝐨𝐤𝐤𝐞𝐞𝐩𝐢𝐧𝐠 with 𝐗𝐞𝐫𝐨 3/8 𝐁𝐚𝐧𝐤 𝐑𝐞𝐜𝐨𝐧𝐜𝐢𝐥𝐢𝐚𝐭𝐢𝐨𝐧 📓 𝑰𝒎𝒑𝒐𝒓𝒕 𝑩𝒂𝒏𝒌 𝑺𝒕𝒂𝒕𝒆𝒎𝒆𝒏𝒕𝒔: Regularly import bank statements into Xero for reconciliation. 📓 𝑹𝒆𝒄𝒐𝒏𝒄𝒊𝒍𝒊𝒂𝒕𝒊𝒐𝒏 𝑷𝒓𝒐𝒄𝒆𝒔𝒔: Match imported bank transactions with the recorded transactions in Xero. 📓 𝑨𝒅𝒋𝒖𝒔𝒕𝒎𝒆𝒏𝒕𝒔: Make necessary adjustments for discrepancies during the reconciliation process. Let's talk! Book a call at https://lnkd.in/gGfwK_up #bookkeeping #bankreconciliation #Xero #rentalpropertymanagement

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4 (na) Komento

Bookkeeping Tip for Your Business: Keep Your Receipts! 📑 Don't overlook the importance of holding onto your receipts. They play a crucial role in categorizing expenses and provide vital documentation for your deductions. Plus, having organized receipts can be a lifesaver in case of an audit. Remember, the CRA mandates receipts for all business expenses. Luckily, there are various systems available for scanning, organizing, and storing your receipts efficiently. Need advice on the best options for managing your receipts? Feel free to reach out to me! #Bookkeeping #BusinessTips #ReceiptManagement #LBMikicBookkeepingServicesInc

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Specializing in QuickBooks Online and Xero clean-up bookkeeping, I successfully manage multi-year backlog projects for clients who have fallen behind, ensuring accurate and organized financial records. https://lnkd.in/gT2qjPBP #bookkeeping #acccounting #cloudaccounting #cloudbookkeeping #smallbusinessbookkeeping #invoicing #billing #bankreconciliation #accountspayable #accountsreceivable #inventorymanagement #financemanagement #incomestatement #balancesheet #financialreporting #errorfixing #financialanalysis #dataentry #cleanup #catchup #excel #realstate #virtualassistants #virtualbookkeeping #virtualaccountant #virtualbookkeeper #realstatebusiness

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5 Komento

Are you doing your own bookkeeping? Most small business owners typically start out doing their own bookkeeping until they can afford to outsource. Remember, bookkeeping is undervalued but crucial—it's your business data! Your data reveals key business insights, especially on profitability. Plus, accurate bookkeeping aids your accountant in offering strategic advice. Keep it stress-free by starting simple. Grab your bookkeeping checklist from the bio section to stay on track all year. Like and follow for more bookkeeping tips. #Bookkeeping #Entrepreneurship #Smallbusiness

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🔄Switching from QuickBooks Desktop to QuickBooks Online? Here's How! 1️⃣ Prepare Your Desktop File – Update and back up your data! 2️⃣ Sign Up for QuickBooks Online – Choose the right plan. 3️⃣ Export Data – Use the Export tool in QuickBooks Desktop. 4️⃣ Import Data into QuickBooks Online – Follow the prompts to migrate. 5️⃣ Review & Reconcile – Ensure everything is transferred correctly! 6️⃣ Customize Settings – Tailor your new QuickBooks Online to your needs. 7️⃣ Train Your Team – Ensure everyone’s ready to go. 🚀 Make the move today and streamline your accounting! #QuickBooksOnline #BusinessUpgrade #AccountingSolutions

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What six figure earner do you know is doing everything in their business? I’m sure that your business is popping and that you are having little to no time available to keep up with your business backend duties especially the bookkeeping. Time is and will always be your greatest asset, so utilize it wisely! Current bookkeeping comes with great benefits for your business and even helps bring in more revenue such as: potential investors, business loans, or credit. If your business can afford a bookkeeper, I suggest you schedule a call today with Osborne Virtual Bookkeeping Solutions today! Obtain your peace of mind now and book the consultation! Scheduling link in the contact section!Talk to soon! #Bookkeepingservice #Entrepreneur #Servicebasedbusinessowners ##Smallbusinesshelp

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Reconciliation in bookkeeping involves comparing a company's financial records, such as bank statements and accounting ledgers, to ensure they match and are accurate. This process helps identify discrepancies, errors, or fraud, ensuring that all transactions are properly recorded and the financial statements reflect the true financial position of the business. #Bookkeeping #Reconciliation #QuickBooks #FinancialAccuracy #BusinessFinance #Accounting #FinancialCleanup #Payroll #AccountingServices #SmallBusinessFinance #TaxPreparation #FinancialManagement #QuickBooksPro #BankReconciliation

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❣ How to effortlessly import bank transactions by CSV and streamline your financial record-keeping! 💥 #quickbooksonline 💢 #mytbookkeeping

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7 Komento

Keeping an eye on your finances can help you save big! 💸 Here are some simple tips to reduce costs through effective bookkeeping practices: 1. 𝙏𝙧𝙖𝙘𝙠 𝙚𝙫𝙚𝙧𝙮 𝙚𝙭𝙥𝙚𝙣𝙨𝙚 - Know where your money is going. Small expenses can add up, so record everything to spot areas where you can cut back. 2. 𝘼𝙪𝙩𝙤𝙢𝙖𝙩𝙚 𝙬𝙝𝙚𝙧𝙚 𝙥𝙤𝙨𝙨𝙞𝙗𝙡𝙚 - Use bookkeeping software to automate routine tasks. This saves time and reduces errors, which can save money in the long run. 3. 𝙍𝙚𝙫𝙞𝙚𝙬 𝙧𝙚𝙜𝙪𝙡𝙖𝙧𝙡𝙮 - Regularly review your financial reports to catch any unnecessary expenses or errors. This helps you make informed decisions and keep costs down. 4. 𝙉𝙚𝙜𝙤𝙩𝙞𝙖𝙩𝙚 𝙬𝙞𝙩𝙝 𝙫𝙚𝙣𝙙𝙤𝙧𝙨 - Review your vendor contracts and negotiate better terms or discounts. Loyalty and prompt payments can often lead to better deals. 5. 𝙈𝙖𝙣𝙖𝙜𝙚 𝙞𝙣𝙫𝙚𝙣𝙩𝙤𝙧𝙮 𝙬𝙞𝙨𝙚𝙡𝙮 - Keep track of your inventory to avoid overstocking or stockouts. Efficient inventory management can reduce holding costs and increase cash flow. Effective bookkeeping can lead to significant cost savings. Ready to save more? Hit me up and let's streamline your finances!

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Specializing in QuickBooks Online and Xero clean-up bookkeeping, I successfully manage multi-year backlog projects for clients who have fallen behind, ensuring accurate and organized financial records. https://lnkd.in/gdb5YB5M #bookkeeping #acccounting #cloudaccounting #cloudbookkeeping #smallbusinessbookkeeping #invoicing #billing #bankreconciliation #accountspayable #accountsreceivable #inventorymanagement #financemanagement #incomestatement #balancesheet #financialreporting #errorfixing #financialanalysis #dataentry #cleanup #catchup #excel #realstate #virtualassistants #virtualbookkeeping #virtualaccountant #virtualbookkeeper #realstatebusiness

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Thank you, Bookkeeping Workflow, for inviting us. Last night, alongside Ms. Gina Gabis and Ms. LG Verceles, we discussed "Philippine Business Tax Compliance for Local Business Owners". Business owners, understanding your financial responsibilities is key: 🔹 Know your obligations. 🔹 Manage expenses wisely for peace of mind. 🔹 Partner with us to prioritize tax compliance and foster growth. Let's work together to ensure your business's financial health and success! #WebinarForACause #TaxCompliance #BusinessSuccess

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3 Komento

Do you know the difference between a bookkeeper and an accountant? Most new entrepreneurs assume the roles are the same but they are not. Oftentimes the terminology usage is similar, which is why the roles appear the same. However bookkeepers work alongside accountants. Bookkeepers provide assistance by tracking all your business financial transactions. The accountant takes your bookkeeping data and interprets for tax purposes, forecasting revenues, business structuring, and many other purposes. To see the full video explaining the difference and similarities, check out my Youtube channel. Don’t forget to follow for more bookkeeping tips. #Servicebasedbusinesses #Entrepreneurship #Smallbusinessadvice #Financial

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1 Komento