Bookkeeping

Missing deadlines can result in penalties, even if you’re profitable and can pay the tax. Sales tax collection and payment schedules can also vary by state and locality, so check your local requirements. As a small business owner, you’ll need to track tax deadlines throughout the year, not just April 15th. There are a lot of tools that can help your business stay organized, and make bookkeeping easier. This report helps you spot trends, like rising costs in certain categories or seasonal revenue patterns. The bottom line of your income statement – your net profit or loss – tells you […]

Establishing internal controls such as double-checks and approvals can minimize errors. Companies should invest in reliable payroll software that includes data encryption and fraud detection. Choosing the right sales channels is critical to reaching potential clients. A simple method for incorporating BrightPay’s additional features is to build the cost into your annual fees. We cover everything from record-to-report to procure-to-pay, ensuring accurate financial records, efficient cash flow management, and compliance with tax regulations. QuickBooks also offers time tracking integrations but does not integrate with other accounting platforms. Investing in accounting software with payroll for small businesses can significantly enhance the […]