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Rate for Bookkeeping Services

How much should you pay for a bookkeeper?   And how do you find a good one?  A quick look at Craig’s List will show a “million” bookkeepers with rates ranging from $25 to $50 per hour. First of all, you could probably hire an employee for a rate of between $12 and $20 per hour […]

Tax Worries

It is reasonable to understand why business owners typically hate taxes; it can be a very complicated task. Unfortunately, it is also the reason why too many of them tend to take a reactive approach to taxes rather than a proactive approach. You should be reviewing your tax situation on a semi-annual, if not quarterly […]

Virtual Currency

At a time when technology is rapidly advancing, and many people have access to its power, we are beginning to see innovations on many fronts.  In the past few years, something known as virtual currency has begun to emerge as an option for buying and selling goods and services.  While the idea of invisible money […]

Payroll Processing

At RemoteBooksOnline, we make payroll simple. If your payroll is the same each pay period, simply select the one-click button and you’re done! If you need to adjust payroll each week, just enter your payroll and click approve. Most users complete the entire process within just a couple of minutes. It’s that easy! Direct Deposit […]

After-the-Fact Bookkeeping

Properly tracking and filing every business transaction requires diligence, time, and knowledge of accounting software.  After-the-fact bookkeeping is a service that provides a simple solution to the financially disorganized business owner. At month’s end, all transactions are accounted for and reconciled using bank statements and accounting software.  This is an affordable and less complicated alternative […]

Duties of a Quality On-Line Bookkeeping Service

Duties of an on-line bookkeeping service may include the following: Understanding the business processes and learning the various business transactions Record deposits / customer payments Maintain accurate record of all transactions in the bookkeeping ledger Record journal entries as necessary Prepare monthly bank reconciliation between company ledger & bank account Prepare tax entries / payments […]

International Financial Reporting Standards

National accounting standards, such as Generally Accepted Accounting Principles (GAAP) that are specific to the United States and other countries, are guidelines for accountants to follow when preparing financial statements and documents.  As the business world flattens and global transactions become more frequent, work is being done to create a new system of standards that […]

Importance of Separating Business and Personal Finances

If you are starting a business, there are all kinds of tasks that go along with trying to gain exposure for your product or service.  When should you get incorporated?  When should you move from your home to an office or retail location?  When should you begin hiring employees?  As the initial dream begins to […]

1099 vs W-2

When it comes to employees, choosing whether to make them W-2 employees or to pay them on a 1099 basis is part of the hiring process.  Typically, anyone doing work for you on a daily basis for the foreseeable future would be an employee and taxes would be filed by them with a W-2.  1099 […]

Understanding Financial Statements: Overview

There are a few basic reports that encompass what are known as financial statements.  The purpose of these documents is to outline the current financial state of an organization for the review of the owners, shareholders, and any other party that may have an interest in the well-being of the company.  These statements typically include […]