While they are not certified, based on Department of Labor 5500 fillings and other third-party data sources, we believe their ESOP meets our standards of significant and broad-based employee ownership. Worcester Bookkeeping Cooperative is a professional service provider specializing in financial management for businesses in Worcester, MA. The cooperative offers a range of bookkeeping services … Continue reading Get to Know the Printers Building: Part Two →

Late payments have become a surprisingly common occurrence in the business world. For instance, if you give clients 30 days to pay their invoice, it begins on the date you send it. So by waiting 10 days to send your invoice now pushes the possible pay date 40 days from the time the project was … Continue reading How to bill a client: An easy agency guide to payments →

All information prepared on this site is for informational purposes only, and should not be relied on for legal, tax or accounting advice. You should consult your own legal, tax or accounting advisors before engaging in any transaction. The content on this website is provided “as is;” no representations are made that the content is … Continue reading IRS Form 1065: The Ultimate Guide to Partnership Tax Returns →

When you have your deposit slip, make a bank deposit in QuickBooks to combine payments in Undeposited Funds to match. This two-step process ensures QuickBooks always matches your bank records. We began by explaining what undeposited funds are and why it’s essential to clear them regularly. Undeposited funds act as a temporary holding account for … Continue reading Deposit payments into the Undeposited Funds account in QuickBooks Desktop →

To be effective in your business, you virtual accounting must focus on weightier tasks like strategic management. You’ll get accurate and easily understandable financial and accounting metrics that can improve your day-to-day decisions, like bank loans or investments. Imagine working with readily available virtual accountant professionals worldwide. To say you can avoid paying a full-time … Continue reading Top 5 Best Virtual Accounting Services for 2021 →

A full-time employee can cost between $40,000 to $60,000 annually, plus https://www.bookstime.com/ additional overhead costs. In contrast, outsourced bookkeeping services typically range from $20,000 to $30,000 annually, depending on the complexity and volume of transactions. This cost difference can result in substantial savings, making outsourced bookkeeping a cost-effective solution for managing company money. Pro #1: … Continue reading Outsourcing Accounting Services: A Comprehensive Guide With Pros and Cons →

Below you’ll find an overview of eight popular business funding solutions, along with the pros and cons of each to help guide you through the research process. This program encourages small businesses to engage in federal research and development that has the potential for commercialization. Find out if the SBIR’s competitive awards-based program makes sense for you. … Continue reading Accounting for Small Businesses: A Comprehensive Guide to Financial Management →

Breeze is billed monthly and is based on an annual agreement. Breeze Premier is billed annually and based on an annual agreement. All contracts include the option to cancel at any time within the first 30 days. SANTA BARBARA, Calif., Aug. 23, 2023 /PRNewswire/ — The Self Storage Association (SSA) is hosting its biggest event … Continue reading Cloud Based Property Management Software →

The interest coverage ratio is one of the most important ratios for investors and creditors alike. A high interest coverage ratio means that the company has more than enough cash flow to make its debt payments. This is a sign of a healthy company with a low risk of defaulting on its debt. A low … Continue reading Interest Coverage Ratio Explained: Formula, Examples →

The interest coverage ratio is one of the most important ratios for investors and creditors alike. A high interest coverage ratio means that the company has more than enough cash flow to make its debt payments. This is a sign of a healthy company with a low risk of defaulting on its debt. A low … Continue reading Interest Coverage Ratio Explained: Formula, Examples →