Bookkeeping and Accounting « The Payroll Department

Archive for Bookkeeping and Accounting

5 Tips to Quicker Customer Payments

Posted by Ariane on August 22, 2017

In business, you must keep an eye on your cash flow. Because, if you’re like most small business owners, how much you have in the bank depends on the speed in which your customers pay you. But how do you get your invoices paid faster? Here are some simple tips from The Payroll Department to help you get prompt customer payments. (more…)

Tags: accounts receivable, bookkeeper, bookkeeping, cash flow, Grace Walker, invoices, invoicing, Teresa Ray, The Payroll Department

Posted in: Bookkeeping and Accounting, Operating a Small Business

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The Real Benefits of Outsourced Bookkeeping

Posted by Paige Henry on August 15, 2017

If you’re like most small business owners, you didn’t start your company because you loved working on the administrative details in the back office. You opened shop because you have a passion or a specific skill set, and you want to earn money utilizing your interests. (more…)

Tags: bookkeeper, bookkeeper benefits, bookkeeping, Grace Walker, outsourcing, The Payroll Department

Posted in: Bookkeeping and Accounting, Operating a Small Business

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10 Tips for a Successful Franchise Business

Posted by Ariane on July 11, 2017

Have you thought of running a franchise? Or, maybe you currently own one – or more. Running any small business – even a franchise – isn’t easy. However, a franchise does come with certain built-in advantages. It’s basically known as a business in a box, because the business has already been developed by the franchisor. For instance, a franchise already comes with brand name recognition, so, theoretically, getting customers should be a little easier. Also, in some cases, the franchisor provides franchise owners with detailed manuals to help them run their business. While these things are helpful, running a franchise is still hard work and can be overwhelming, especially when starting out.
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Tags: bookkeeper, bookkeeping, Grace Walker, Indiana, outsourcing, small business, Teresa Ray, The Payroll Department

Posted in: Bookkeeping and Accounting, Operating a Small Business

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How to Increase Productivity as a Small Business Owner

Posted by Elaine on July 5, 2017

Small business owners are one of the hardest working groups of people everywhere across the world. Some are more successful than others, but it’s usually not because of a lack of trying. Productivity is key to success for entrepreneurs – there’s always so much to do! John Maxwell says, “The secret of your success is determined by your daily agenda.” He’s not alone in his view. What is it that you can do every day that will set your path and direct your energy to success? (more…)

Tags: benefits of outsourcing, bookkeeping, entrepreneurs, outsource payroll, payroll service, productivity, small business, small business owners, Teresa Ray, The Payroll Department

Posted in: Bookkeeping and Accounting, Operating a Small Business, Payroll, Payroll Processing

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Warning: Without an Accounts Receivable Process You Won’t Get Paid

Posted by Ariane on June 6, 2017

Occasionally, at networking and other events, we hear small business owners grumble about not getting paid for jobs they’ve done. At The Payroll Department, we understand their frustration. Often, the problem really comes down to not having an accounts receivable process in place. Many entrepreneurs “leave money on the table” by not telling their clients what their terms of payment are, not following up for payment, and worst of all, not even sending an invoice. (more…)

Tags: accounts receivable, benefits of outsourcing, bookkeeper, bookkeeping, Brownsburg, cash flow, Grace Walker, small business, small business owners, Teresa Ray, The Payroll Department

Posted in: Bookkeeping and Accounting, Operating a Small Business

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How Outsourcing Your Bookkeeping Can Help with Your Small Business Exit Strategy

Posted by Ariane on May 30, 2017

Congrats! You’re a successful small business owner, but now you’re starting to think about moving on or retiring. Whether you’ve been in business for one year or 25 years, you need to plan your exit strategy. What do you want to do with your small business? Walk away from it? Sell it to someone else? Merge with another business? (more…)

Tags: bookkeeper, bookkeeping, Brownsburg, business exit strategy, Grace Walker, Indiana, outsourcing, outsourcing payroll, small business, Teresa Ray, The Payroll Department

Posted in: Bookkeeping and Accounting, Operating a Small Business

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Common Myths about Outsourcing Payroll, Part 3

Posted by Ariane on May 23, 2017

We’re Still Not Done with Myths about Payroll Outsourcing

As a small business owner, your employees’ financial stability is basically in your hands. They depend on you to process payroll in a timely and accurate manner each pay period. Otherwise, your employees can’t meet their financial obligations, such as mortgage or rent payments, car loans, or household bills. (more…)

Tags: Brownsburg, employers, Indiana, outsourcing, outsourcing payroll, payroll, payroll provider, payroll service, small business, small business payroll, Teresa Ray, The Payroll Department

Posted in: Bookkeeping and Accounting, Operating a Small Business, Payroll, Payroll Processing

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Why Would You Consider Another Stressful Tax Season Without a Bookkeeper?

Posted by Elaine on May 16, 2017

I trust you made it through another tax season. There is always a collective sigh of relief – and it’s not just the accounting firm employees – it’s the small business owners, too. (more…)

Tags: bookkeeper, bookkeeping, Grace Walker, outsource bookkeeping, outsource payroll, small business, taxes, The Payroll Department

Posted in: Bookkeeping and Accounting, Operating a Small Business, Payroll

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How Prepared is Your Small Business to Face a Disaster?

Posted by Elaine on May 9, 2017

This last week during a storm one of the homes in my neighborhood was struck by lightning and caught fire. The fire left skeletal remains of the structure’s second story. In the end, the entire home was a total loss. Luckily the family and their pets were all able to get out safely. But in less than eight minutes, their entire lives were turned upside down.

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Tags: accounting, disaster strikes, Grace Walker, losses, small business, Teresa Ray, The Payroll Department

Posted in: Bookkeeping and Accounting, Operating a Small Business, Payroll

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4 Top Issues Bookkeeping Can Help Solve for Your Small Business

Posted by Ariane on April 4, 2017

As a small business owner, you want your business to grow and succeed. But all small businesses are plagued by the same common problems that can impede their success. Part of the problem is, try as they might, entrepreneurs are just not as knowledgeable and effective in all areas of their businesses as they would like. This lack of knowledge and ineffectiveness can lead to inadequate processes, errors, and missed opportunities.

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Tags: bookkeeper, bookkeeping, cash flow, Grace Walker, outsourcing, small business, small business owner, Teresa Ray, The Payroll Department

Posted in: Bookkeeping and Accounting, Operating a Small Business, Payroll, Uncategorized

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