Woodard Accounting: August 2010

Tuesday, August 31, 2010

Quickbooks is easy

Hire us today for all your accounting outsource needs
http://woodardaccounting.com/accounting.html

Saturday, August 28, 2010

General features and use

Small businesses use QuickBooks for most financially-related business processes, from entering sales receipts, tracking expenses, preparing and sending invoices, sales tax tracking and payment, preparation of basic financial statements and reports, purchase order processing, and inventory management. The program does not include MICR line printing, but does include check printing and options for employee payroll and time tracking. For most tasks, QuickBooks doesn't require users to understand standard accounting procedures, including double-entry bookkeeping. Most transactions are recorded using on-line screens that closely resemble paper based forms such as invoices or checks.

Contact us for all your accounting needs today http://woodardaccounting.com/accounting.html

Wednesday, August 25, 2010

Why outsource your bookkeeping needs?

Accounting is a core business function. Without accounting, a business is sure to fail. With accounting, a business might survive. With accounting managed by a Profit Center Expert, a business is certain to succeed.

Poor financial management is often cited as the reason for most small business failures. Often the business owner or a member of the business team manages this crucial function because they want to maintain complete control of their business, they're afraid that outsourcing the accounting would be too expensive, or a combination of the two.

Benefits of Out-Sourcing:

There are countless benefits you enjoy when outsourcing your accounting/bookkeeping:
Save Yourself Time. You're in business because you're good at what you do. Your expertise involves the product and/or service you offer. And we're guessing your expertise is not accounting. So if you, or anyone on your team, spend time managing your business's a finance, that's time that could be better spent building your business.
In order to be competitive you must constantly be looking for ways to improve and expand your products and/or services, better market your business, and stay ahead of your competition. When you and your team focus time and attention on the accounting, that's time not spent on these crucial tasks. When you outsource the accounting to a trusted professional, you can use that time to make your business the best it can be.
Save Yourself Money. We all know time is money. The average small business owner spends over 10 hours personally, each month, accounting for the business. If your average billing rate is $50 per hour, you may be spending more than five hundred dollars' worth of your time! Chances are you can pay for a good accountant and then some with all that money.
Gain Access to Valuable Accounting Expertise, Equipment, and Technology. Reputable accountants have the expertise to not only save you money, but to make your business more profitable. In addition to that, they have access to equipment and technology that most small businesses can't afford. They will use their resources to your advantage, and save you the time and headache of doing it yourself.
Gain Access to Profit-Building Information. A truly valuable accountant is also a Profit Center Expert. They analyze financial data in order to assist you in making profitable decisions for your business. A Profit Center Expert can inform you which products and/or services to expand, which to eliminate, whether your marketing attempts are successful, where you're losing money, and where to cut back in order to save and redirect funds in order to become more profitable.

Incredible Benefits You Will Enjoy:

Your accounting system will be tailored to your business. You can do it, I can do it, or we can do it together.
Your bookkeeping/accounting costs will be substantially reduced.
Your personnel will be free to produce more profits for you.
We can help you acquire funding for your business through financing, investors, and other means.
You will receive properly-designed financial statements that will allow you to manage your business efficiently and help you to better plan for the future.
Choose from hand-posted or computerized programs specifically tailored to meet your accounting needs.
Streamline the accounting task, and free up your valuable time. [Consider this: the average small business owner spends over 10 hours personally, each month, accounting for the business. If your average billing rate is $50 per hour, you may be spending more than $500 per month of your time.

We're here to serve all your bookkeeping and accounting needs

http://woodardaccounting.com/bookkeeping.html

Saturday, August 21, 2010

7 tips for organizing your receipts for taxes

TIP 7

• Pack a small sack of supplies. Along with the tax documents, be sure to bring some key work tools along-pens, pencils, calculator, ACCO paper clips, and a pocket-sized stapler, such as Swingline's TOT Grip model. Having supplies handy will allow you to mark, clip and staple your materials as needed on the spot, organizing and filing them without delay to avoid confusion later.