Bookkeeping and Accounting « The Payroll Department

Archive for Bookkeeping and Accounting

Get Rid of Cash Flow Problems So Your Business Can Succeed

Posted by Ariane on March 28, 2017

Your small business depends on good cash flow. When not enough cash comes in, you can’t pay your expenses (like rent, utilities, supplies, etc.), cover your payroll, or purchase materials to provide your products and services. Your small business could be making a profit, but also experiencing financial problems, if you’re not managing your cash flow properly. A good bookkeeper, like Grace Walker of The Payroll Department, can help you stay on top of your cash flow, so your small business can succeed. (more…)

Tags: accounts receivable, bookkeeper, bookkeeping, Brownsburg, cash flow, Grace Walker, Indiana, invoices, outsourcing, small business, small business owner, The Payroll Department

Posted in: Bookkeeping and Accounting, Operating a Small Business

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Outsourcing Bookkeeping Can Save Your Small Business Much More Than You Realize

Posted by Elaine on March 14, 2017

Why do employers even think about providing health benefits?

As always, wanting employees to be healthy is both a personal and professional concern for employers. Most all people wish good health for everyone. But when there is as intimate a relationship as employer/employee, that wish is even stronger. There is greater concern for the well-being of people you know and care about. (more…)

Tags: benefits of outsourcing, bookkeeper, bookkeeping, financial management, Grace Walker, slide error, small business, The Payroll Department

Posted in: Bookkeeping and Accounting, Operating a Small Business

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How Much Can Your Business Afford to Pay You?

Posted by Ariane on February 28, 2017

Every small business owner inevitability wants to know the answer to: How much should I pay myself? After all, it’s one of the reasons you went into business in the first place – to earn money. Unfortunately, there aren’t any set guidelines that outline when and how much you should be paid. (more…)

Tags: bookkeeping, owner salary, payroll service, small business, small business payroll, The Payroll Department

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

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Top Tips to Improve Cash Flow in Your Small Business

Posted by Ariane on February 21, 2017

What do you consider the most important factor in small business success? I won’t keep you in suspense, the two words that sum it up perfectly is: CASH FLOW. (more…)

Tags: bookkeeping, cash flow, small business, The Payroll Department

Posted in: Bookkeeping and Accounting, Employee Handbook, Operating a Small Business

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How to Operate in a VUCA Environment

Posted by Ariane on January 31, 2017

Does market and cultural volatility and uncertainty, the complexity of making business decisions, and ambiguity about the future worry you? Small business owners don’t have an easy job in running their businesses when dealing with the present economic environment, which is often referred to as VUCA, an acronym for volatility, uncertainty, complexity and ambiguity. Therefore, entrepreneurs need to develop strategies to use in their businesses to effectively operate within a VUCA world. (more…)

Tags: benefits of outsourcing, bookkeeping, business ambiguity, business complexity, business environment, business strategies, business uncertainty, business volatility, financial management, outsourcing bookkeeping, payroll laws, small business, small business bookkeeping, The Payroll Department, VUCA

Posted in: Bookkeeping and Accounting, Operating a Small Business

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How Long Should You Keep Your Business Tax Records?

Posted by Ariane on January 17, 2017

Every year, as your small business files its taxes, your company is left with stacks of paperwork. You may shove it into a filing cabinet or a storage box. However, eventually, you may wonder: How long do I need to keep these tax records? (more…)

Tags: benefits of outsourcing, bookkeeping, employers, small business owners, tax record retention, tax records, The Payroll Department

Posted in: Bookkeeping and Accounting, HR Rules, Regulations and Laws, IRS and Tax forms, Operating a Small Business, Payroll Taxes, Rules, Regulations and Laws

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Why Your Small Business Needs a Budget

Posted by Ariane on December 13, 2016

Do you create a budget for your small business every year? If not, you really should develop one. A budget is a spending plan for your business. It helps you estimate your business’s costs, revenues and resources for a specific time frame, so you’ll know if you have enough money to do the things you need or want to do with your business. (more…)

Tags: bookkeeper, bookkeeping, budget, payroll service, small business owners, Teresa Ray, The Payroll Department

Posted in: Bookkeeping and Accounting, Operating a Small Business

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Top 3 Big Bad Bookkeeping Habits

Posted by Elaine on November 29, 2016

You know what the lifeblood of your small business is, don’t you? It’s money. And if you aren’t managing your money and accounting appropriately, you could be developing habits that will actually KILL YOUR BUSINESS. (more…)

Tags: accounting, benefits of outsourcing, bookkeeper, bookkeeping, bookkeeping problems, employers, small business owners, The Payroll Department

Posted in: Bookkeeping and Accounting, Operating a Small Business

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5 Ways Bookkeeping Services Can Help You Grow Your Business

Posted by Ariane on November 15, 2016

Growth is an important part of your small business. But if you want your business to keep growing and reaching the goals you know your business can achieve, as a business owner, you must have the tools in place to help your business grow and succeed. Bookkeeping services is one of these tools. (more…)

Tags: benefits of outsourcing, bookkeeper, bookkeeping, small business, The Payroll Department

Posted in: Bookkeeping and Accounting, Operating a Small Business

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What Will Give You What You Need to Make Good Business Decisions?

Posted by Elaine on October 25, 2016

OK, we have already established that bookkeeping and accounting are often not an entrepreneur’s favorite part of running their business – and that’s all right. But what they miss out on if they don’t keep their books up to date are the tools that can help them make decisions; decisions that will be fueled by the owner’s confidence to grow their small business. (more…)

Tags: benefits of outsourcing, bookkeeper, bookkeeping, business decisions, central Indiana, financial decisions, outsourcing bookkeeping, small business, The Payroll Department

Posted in: Bookkeeping and Accounting, Operating a Small Business

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