Ledger 101: Accounting Ledger Basics, Questions, and Use
Reading Time: 5 minutesThe General Ledger can be a mystery for business owners without a background in finance and accounting, or who are running small businesses. Let’s walk
All of the information you need, right here, right now.
Reading Time: 5 minutesThe General Ledger can be a mystery for business owners without a background in finance and accounting, or who are running small businesses. Let’s walk
Reading Time: 4 minutesIf you’ve found yourself here, you’ve probably been searching for basic questions about whether Quickbooks is worth the cost and whether you should us it
Reading Time: 4 minutesThere are many common accounting services available for small businesses, and some offerings you may not be aware of. Whether you’re looking for help with
Reading Time: 2 minutesBelow you will find a list of recommended weekly bookkeeping tasks. You can bookmark this page for later reference, or download our printable version to
Reading Time: 3 minutesBelow you will find a list of recommended daily bookkeeping tasks. You can bookmark this page for later reference, or download our printable version to
Reading Time: 3 minutesBelow you will find a list of recommended year-end bookkeeping tasks. You can bookmark this page for later reference, or download our printable version to
Reading Time: 2 minutesBelow you will find a list of recommended monthly bookkeeping tasks. You can bookmark this page for later reference, or download our printable version to
Reading Time: 4 minutesWhether it’s issuing invoices, logging expenses and reconciling bank statements, or identifying errors, bookkeepers play a critical role in the success of any business. Many
Reading Time: 3 minutesAs business owners face more and more pressure to sustain through a shaky economy, many are realizing their current bookkeeping strategy is not longer tenable.
Reading Time: 3 minutesAn important note: depending on the type of extension you are looking to file, you may need to submit additional forms. We highly recommend speaking
Reading Time: 5 minutesBookkeeping involves dealing with a lot of numbers, which is why it is advised to establish routine checks for your accounting books to avoid anomalies.
Reading Time: 4 minutesIt’s always a good idea to conduct random audits of your company’s financial books to make sure that your company’s data is stored in the
Reading Time: 4 minutesAccording to the IRS Revenue Ruling 2012–18, tips and service charges are two different things that have their own tax implications. To compensate employees and
Reading Time: 5 minutesEmployee benefits accounting involves complex documentation, financial planning, and specific rules and regulations to adhere to. We have gathered some general advice to deal with
Reading Time: 5 minutesMost business owners try to use Excel rather than true accounting software like Quickbooks to save costs. However, nearly every business owner reaches a point
Reading Time: 2 minutesThe break-even point is defined as a limit when the overall costs and total revenue are equal. In simple terms, when the business is neither
Reading Time: 3 minutesThe short explanation lies in the statement all CPAs are accountants, but not all accountants are CPAs. While it’s easy to get the two confused,
Reading Time: 6 minutesEmployee classification ultimately affects how you issue payroll. Each team member will be paid differently depending on whether they are a full-time or part-time employee,
Reading Time: 5 minutesIf you don’t file your taxes on time, you will be liable to pay penalties in addition to the taxes you owe. This statement may
Reading Time: 5 minutesKeeping records of your sales, purchases, and expenses is not only a good business practice, it’s essential. Your receipt and record keeping practices impact every
Reading Time: 3 minutesWhether you work with a CPA who provides you with monthly and annual statements, have an in-house accountant or bookkeeper, or are an individual engaged
Our CPAs build an accounting process that is modern, efficient, and has the reporting capabilities you need.
Regular reports ensure you get the oversight you need to be comfortable, without being involved in the day-to-day.
Easily submit any documents remotely through our secure online portal, and we’ll take it from there.
We believe in building strong, long-term client relationships, holding ourselves to a high standard of accountability when it comes to client work, providing excellent communication, and receiving ongoing feedback from our clients.
With unparalleled guidance, cost-saving entity structures, and forecasting built on experience, you’ll get the benefit of CPAs that know the ins and outs of how your industry works.
Get 360° accounting services that offer full support and coverage of every aspect of your business.
We offer everything from granular, data-entry support to high level accounting strategy. Don’t see the service you need listed? Just ask!
Maintain a complete picture of your transaction history and financial health. Our team adheres to strict accounting standards, ensuring accurate and up-to-date books with a financial trail that is straightforward and easy to follow.
Our bookkeeping and accounting reports offer a detailed and accurate look at the complete financial health of your business. From regular reports to real-time insights, our approach to accounting is always data-driven
Unlock the full power of your accounting software with a fully-integrated software setup. Ensure regular and easy instant-generated reports with unquestionable accuracy in every line item
Regular tracking and management combined with inventory audits, evaluations, and reports help you optimize your inventory levels, track performance, and make critical decisions
Get paid on time and stay up to date with vendor payment with invoicing services focused on accuracy, timeliness, and strategy. Our team implements tools and approaches that ensure accounts payable and accounts receivable are in good health
Payroll services from the top down means your business gets the labor reports it needs while your employees and contractors are paid on time. Our team follows regulations and focuses on accuracy, offering well-rounded payroll services to the highest standard.
Get 360° accounting services that offer full support and coverage of every aspect of your business.
We offer everything from granular, data-entry support to high level accounting strategy. Don’t see the service you need listed? Just ask!
For assistance in planning and transferring your U.S. assets to Canada, please contact our colleague Phil Hogan, CPA, CA, CPA at (250) 661-9417 or phil@philhogan.com