Accounting is a lot of responsibility and can be monotonous. It is definitely not for everyone as accounting requires serious concentration, one small mistake can make for a huge error and possibly cost you your job. However, many individuals have all the important qualities that make for an amazing accountant. So if you wonder ifContinue reading “Is Accounting for Me?”
Tag Archives: accounting
Accounting for the Hospitality Industry
Accounting is an essential requirement for any business and the hospitality industry is no exception when it comes to this requirement. Accounting for the hospitality industry requires specialized accounting management skills to avoid an entire system of mismanagement and inefficiency. Even the basic principles of accounting can assist you in obtaining the information required toContinue reading “Accounting for the Hospitality Industry”
Accounting Software- Which one is the best?
While we did discuss tips and tricks for QuickBooks in our May blog post, there are other highly rated accounting softwares available. QuickBooks is the top-rated accounting software, but there are other names you may not recognize that also provide excellent features. Really the choice on softwares should be what suits your business the bestContinue reading “Accounting Software- Which one is the best?”
QuickBooks Tips and Tricks for the Non-Tech-Savvy
You are most likely to think of QuickBooks if someone mentions accounting software for small businesses as QuickBooks is servicing 4.5 million global customers online, per Intuit Investor Day 2019. Forty percent of that number are small businesses, out of which 30% are product-based businesses. Learning and becoming familiar with QuickBooks should definitely be onContinue reading “QuickBooks Tips and Tricks for the Non-Tech-Savvy”
Opening a Business and What Bank to Choose
This is actually our newsletter topic for this month that will be sent out March 11th, but we wanted to dive into this topic a little further and decided the TK Accounting & Consulting Blog would be the best place to do that. Not getting our monthly newsletter? Contact us today at info@tkact.com to join!Continue reading “Opening a Business and What Bank to Choose”
Organization Tips to Simplify Personal Document Filing Include folder label ideas, tips on how long to hang on to various categories of documents, how and when to purge old files, etc.
Organizing your personal belongings is one of the most tedious, put off and difficult tasks for people to do. From not knowing what items to hang on to and how to organize them, important information and documents tend to get lost in the mix. This can become particularly difficult during important times such as; buyingContinue reading “Organization Tips to Simplify Personal Document Filing Include folder label ideas, tips on how long to hang on to various categories of documents, how and when to purge old files, etc.”
Save money and stress as a business owner
Typically the more money in the checking account the less you tend to worry but when there’s a smaller amount, this brings the stress. This cycle could be never ending if you don’t begin to manage your money more effectively. We’ll show you 5 strategies to begin to manage your accounts which will lower yourContinue reading “Save money and stress as a business owner”
What’s in a P&L?
What is a Profit & Loss Statement (P&L)? This is a financial statement that easily summarizes revenues, costs and expenses over a specific period of time. This can be monthly, quarterly or yearly depending on the time frame needed. This document provides information about a company’s opportunity to generate additional profits by increasing revenue or reducingContinue reading “What’s in a P&L?”
Is there a difference between a Bookkeeper and an Accountant?
“So you’re an accountant, isn’t that just a fancy name for a bookkeeper?” Well.. then what’s the difference between the two? We get this question all the time, as we jump between titles to perform different tasks and services. So we decided to break it down into the certain jobs that come with each role.Continue reading “Is there a difference between a Bookkeeper and an Accountant?”
Should I hire an outside Accountant?
Outsourcing has become a new wave for many small to large companies. Hiring trusted accounting companies versus an in house accountant frees up time and resources that the company can utilize elsewhere. Here are some reasons that many businesses have begun to outsource their accounting needs. SAVING YOU MONEY Outsourcing first and for most isContinue reading “Should I hire an outside Accountant?”
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