Adcon Business Solutions’ Blogs

Around 71% of SMBs outsource their tax and accounting needs to professional service providers. It's a vast number, indicating the rise of online accounting facilities and full-fledged services.

So, you’ve started a business, and that money is coming in. How are you going to keep track of everything?  It’s at this juncture that a lot of small business owners start to panic. You have to pay taxes, and in order to do that, as a business, you need to efficiently track finances. 

Over the past couple of years, online bookkeeping has taken over traditional accounting and bookkeeping services. It is done by replacement of manual methods with accountants in favor of automated systems and software, allowing businesses to save time and money.

A trusted advisor brings insight and strategy to your data analysis. Automation through software has revolutionized accounting and bookkeeping in so many ways, but it can’t replace the human being. Automated tools have made accounting and bookkeeping easier, more accurate and more efficient. But automation cannot and will never take the place of human analysis and expertise.

Every company, no matter the size, needs a monthly bookkeeping checklist to make sure everything is getting done and on time. Accurate and timely bookkeeping are necessary to keep your business running smoothly. And your bookkeeping is crucial when it comes to applying for financing and doing taxes. Inaccurate and missing bookkeeping can lead to disaster! If you can’t afford a full-time employee to manage your bookkeeping needs, hire an experienced, professional bookkeeper.

As the year draws to a close, we’ve put together a bookkeeping year-end checklist to help you get your books ready for the new year. Timely, accurate bookkeeping is critical to the success of any business. It is important to keep your books updated, especially to maintain year-end accuracy. Staying on top of your books may seem overwhelming, especially in these unusual times. That’s why we’ve compiled the following list of tips, so that you can start the new year on the right foot.

As 2020 draws to a close, you might be wondering what you can do to lower your business taxes. Knowing how to lower your business taxes before the end of the year is key to your success as a business owner. Don’t miss out on the chance to minimize your tax liability!

Bookkeeping is an essential business function that ensures accurate financial records. It is the process responsible for recording and tracking the daily transactions of a business — and without it, the financial health of any business is put at risk.