ClearCount’s Post

Our team of #accounting specialists understands the need for timely and accurate transaction processing – your cash flow and income statement depend on it. Learn more about our transactional accounting support: https://hubs.la/Q01TxnGn0 #transactionalaccounting #accountingsupport #outsourcedaccounting #calvettiferguson

Accounting service providers don’t think about their own assets, liabilities and equity. What assets do accounting service providers have? Knowledge Skills Experience Time What liabilities do accounting service providers have? Lack of Knowledge Lack of Skills Lack of Experience Lack of Time Management What happens if you have more liabilities than assets? If you are an accounting service provider, you already know what that means. If you want to increase the value of your assets, which one can you change? Time value of money. MomentumBK

Do you want to know how to increase your time value of money? Rule #1 - Don’t give your time away. Rule#2 - Understand your own value and manage your revenue by time. Rule #3 - Drive your revenue with strategies. Billing by hour or billing by flat fees are not strategies. They are processes. Increase your time value of money with fee strategies. Here’s what accounting entrepreneurs are experiencing: On January 2nd, I met with an accounting entrepreneur who was giving hours and hours of her time away. She learned the strategies, implemented them immediately and added $750 to her revenue the next day. Based on her level of knowledge, skills and experience, she is worth it! Are you billing what you are worth? The “Momentum BK Revenue Calendar and Fee Strategies” Workshops are available monthly. Note: Momentum BK resources are available for everyone. However, the fee strategies are best suited for those who are more established in their businesses!

𝗪𝗵𝘆 𝗢𝘂𝘁𝘀𝗼𝘂𝗿𝗰𝗲 𝗬𝗼𝘂𝗿 𝗔𝗰𝗰𝗼𝘂𝗻𝘁𝗶𝗻𝗴 𝗔𝗰𝘁𝗶𝘃𝗶𝘁𝗶𝗲𝘀 𝘁𝗼 𝗢𝗦𝗠 𝗧𝗵𝗼𝗺𝗲? ☑️ Take advantage of our existing team, which is well-trained and qualified. We can offer the services from different locations. ☑️ Tailor-made. You can select to outsource all the accounting functions from invoice handling and payments up to consolidation. ☑️ Confidentiality is ensured. ☑️ Cost and performance efficiency. ☑️ Focus on core business while we take care of accounting functions. ☑️ Redundancy. A pool of resources that can be quickly mobilized to attend to your needs, either you scale up or you scale down. Read some more https://bit.ly/3PIgv2P or let's talk about the collaboration! ➡️ https://bit.ly/3L6jErm

Controllership Services Outsourced accounting for businesses with a vision. Do you feel overwhelmed by the accounting functions in your business? Are you struggling to try to do everything yourself? Are you stressed out? Could you grow your business more effectively with these functions handled? Peace of mind starts with your first phone call! (386) 320-5347 - https://lnkd.in/e7kHdWPS

Our new sponsor, Reconciled, is here to take the stress out of your bookkeeping. With their help, you can sit back and relax while they handle your financials. Discover more at reconciled.com. #Bookkeeping #BusinessSupport

Ever wandered how to manage accounting for a vast group structure? In my experience accounting for over 30 companies demands meticulous attention to detail. From embracing advanced accounting software to fostering clear communication, it's about leaving no stone unturned in ensuring every transaction is accurately recorded. Balancing sheets and reconciling accounts are just the beginning – excellence truly lies in the details. #AttentionToDetail

Need help with invoicing, bill pay, bank reconciliations, reporting, or all of the above? ClearCount offers a range of outsourced accounting services to help business owners gain financial clarity to scale their operations. ClearCount.com #cpa #accounting #outsourcing

We provide professional bookkeepers with years of experience for short-term help to close out year-end financials, work on collections, or process invoices. If you're a company or a CPA that needs a little more help with accounting functions, give us a call, we fill in the gaps. #accountingandaccountants #business #financials

📊 Mastering Month-End Closing: A Bookkeeper's Guide As a bookkeeper, you know the importance of keeping the financial engine running smoothly. With month-end closing looming, it's time to buckle down and ensure everything is in order. Here's a handy checklist to help you navigate the process like a pro: ✅ Do: 📅 Plan Ahead: Start with a solid plan and stick to it. A checklist with clear deadlines will keep you on track. 💼 Review Transactions: Dive into the details. Check each transaction for accuracy and completeness to avoid headaches later on. 🔍 Reconcile Accounts: This step is crucial. Take the time to reconcile bank statements, accounts receivable, and accounts payable to ensure everything adds up. 💡 Update Accruals and Prepayments: Stay current. Make sure your accruals and prepayments are up-to-date for accurate financial reporting. 🔒 Close Temporary Accounts: Don't forget to close those temporary accounts like revenue and expense. It's essential for a clean slate in the new month. 📝 Document Procedures: Keep records of everything. Clear documentation will save you time and headaches down the line. 🗣️ Communicate: Keep stakeholders in the loop. Effective communication ensures everyone is on the same page throughout the process. ❌ Don't: ⏳ Procrastinate: Avoid the temptation to put things off until the last minute. Starting early will save you stress in the long run. ↩️ Overlook Reversals: Remember to reverse accruals from the previous month. It's an easy step to miss but essential for accurate reporting. 📊 Ignore Variances: Dive into the numbers. Analyze budget vs. actuals to identify any discrepancies and make necessary adjustments. 🤖 Rely Solely on Automation: While automation can be a lifesaver, don't forget to double-check manually. Human oversight is still essential. 📜 Forget Compliance: Stay informed about regulations and standards relevant to your industry. Non-compliance is not an option. 💾 Underestimate Backup: Backup your data regularly. It's a simple step that can save you from disaster in case of data loss. 🤝 Isolate Yourself: Collaboration is key. Reach out to colleagues for support and insights throughout the process. Mastering month-end closing is no small feat, but with the right approach, you can tackle it with confidence. Here's to smooth sailing and accurate financial records! #bookkeeping #MonthEndClose #accountinglife #accountingtips