bookkeeping Archives - Liguori Accounting

Bookkeeping & Accounting Tips for Small Business: 5 Things to Avoid

December 21, 2022

From day one, business owners should have a separate bank account in which to deposit their income and pay their business expenses. It’s also crucial to designate a business-only credit card. Come tax time, separate statements will make submitting claimable expenses quick and easy, while reducing the risk of a painful audit. Letting accounts receivable […]

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Accounting/BookkeepingAccounting, bookkeeping, Liguori Blog, small business

3 Reasons to Prioritize Bookkeeping

December 7, 2022

You can only make informed decisions about your business when you have a full picture of your current financial situation. That means knowing how much money is in your accounts, what your cash flow forecast predicts, and how much money you owe. Without that information, it’s much more difficult to know when you can afford

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Accounting/BookkeepingAccounting, bookkeeping, Liguori Blog, Outsourced accounting & bookkeeping, small business

Small Business Audit: What to do if you get audited?

October 5, 2022

Generally, if you file your taxes reliably and pay on time, there’s a good chance the government tax office contacted you for a spot check. In this case, all that may be asked is that you provide receipts and answer a few questions. Give the tax office the information they’ve requested promptly so they can

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Accounting/Bookkeeping, TaxAccounting, bookkeeping, Business owners, Liguori Blog, Small Business Audits, TAX

Four Questions to Ask the Accountant

September 7, 2022

The key to achieving success in any partnership is, of course, strong communication. At your next meeting, be sure to ask the accountant these four important questions. 1. What’s my best strategy for increasing revenue? Every business owner strives to improve profit margins, but the best way to quickly and sustainably grow revenue will vary

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Accounting/Bookkeeping, CFO Consulting, TaxAccounting, accounting education, bookkeeping, Business owners, Liguori Blog, Outsourced accounting & bookkeeping, small business

What’s the difference between a bookkeeper and an accountant?

August 31, 2022

An established, growth-focused company will employ the services of both an accountant and bookkeeper. The two professionals work in tandem to ensure business financials are up to date, accurate, and carefully monitored. If you are in the early stages of your business, you might choose to do the bookkeeping yourself or hire a bookkeeper part

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Accounting/BookkeepingAccounting, accounting education, bookkeeping, Liguori Blog, Outsourced accounting & bookkeeping, small business

Outsourced Bookkeeping Benefits

July 5, 2022

The outsourced bookkeeping benefits are numerous. These benefits include; working with an industry professional, receiving valuable financial guidance, saving time managing the finances, and saving money outsourcing the accounting function. Let’s talk about outsourced bookkeepers. Here are four benefits to hiring an outsourced bookkeeper to help you manage your business finances. Expertise An outsourced

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Accounting/BookkeepingAccounting, bookkeeping, Outsourced Bookkeeping

What are you blogging about!?

May 26, 2022

What will we write about? Will this bring value to our clients? Will I have the time? Who will read this??? These were the questions plaguing my mind as our team prepared to release our new blog. As these questions went round and round in my mind, the Nike slogan interrupted my thoughts, “JUST DO

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Accounting/BookkeepingAccounting, blog, bookkeeping, small business, TAX