Tag: accounting

You’re always a little uncertain when it comes to cash. Can you hire a new employee? Purchase that new technology? Every time you hit that “submit” button on payroll, you’re nervous- will your bank account be able to handle it? Your understanding of your cash situation is foggy. Here’s the deal, you need to establish a weekly cash flow sync up.

Today is Planning day. Like ocean tides, accountant work in a cycle. At the beginning of each month, the tide comes in with a tropical storm of reconciliations and mathematics while they work on month end close. At the end of the month, the tide goes back out and leaves accountants with time to catch up on projects and prepare for the next incoming tide.

By keeping all your accounting related documents together in one folder, you can help streamline processes like filing taxes and audits. Here is a recipe to save time by keeping all your documents in one organized accounting folder on your company’s server, including easy to follow directions, tips and tricks, and ingredients you need. Bon Appetit!

So your accountant is talking about “bank statement reconciliation.” He tells you that it means something along the lines of “reconciling bank accounts with financial reports,” “deposits and withdrawals,” and “truing up your transactions,” but all you hear is static. Here’s what he really means when he talks about, “bank statement reconciliation.”