Thankful for Year's End? - from Off-Site Business Services

Bookkeeping * Payroll * Administrative Services

Virtually Every Way to Grow A Successful Business!

Tuesday Tips and Tricks

November 25, 2014

Thankful This Year is Almost Over?

Because many of you have asked, here are some things every small business should look at as the year-end approaches from the Center for Productivity:

Look at your Profit & Loss report. Where do you stand? If you have a larger than expected profit, are there any major purchases you should make now that can be depreciated? Make sure you have the cash. Talk to your accountant if you are not clear of the depreciation rules.
Verify loan accounts and cleanup them up if necessary.
Verify your 1099 information is setup properly in your accounting system. If you don't have proper information from each vendor, ask for it now, then create a form to use every year. Need help making this happen in QuickBooks? Just ask us.
Begin to think about year end bonuses or special gifts. Will you give these this year or in January? It depends when you write the check.
Look for fringe benefits you should report on W-2's. Some of these could include health & life insurance, transportation subsidies, moving expense reimbursements, educational reimbursement programs, and employee loans you've forgiven.
Take a physical inventory of your products and make adjustments in your accounting system as necessary.
Write a list of all the company's major accomplishments for the year. Be prepared to share this with your staff, they will appreciate it.
Write out your goals and plans for the next year.
Create budgets for the next year if you work on a calendar year fiscal basis.
Check all of the links on your website to make sure they are active.

Need help managing the leftovers? Give me a call.

Kim

"App"roved for Use

Every month, we will feature an application that we believe works well with QuickBooks and can do likewise for your business.

QXpress QuickBooks Scheduling Software

Every feature in QXpress is designed to look, feel, and operate the way you and your staff are used to in QuickBooks. With one click, all scheduled service can be converted into QuickBooks invoices.

Want more information about apps and software that can make your business life easier? Check out our webinar.

Think "small" this Saturday!

November 29th marks the fifth annual Small Business Saturday, a day dedicated to supporting the local businesses that create jobs, boost the economy and preserve neighborhoods around the country. Small Business Saturday was created by American Express in 2010 in response to small business owners' most pressing need: more customers.

Since its inception, Small Business Saturday has served as the ceremonial kickoff to the busy holiday shopping season for independently-owned businesses. But just as important, it has driven high visibility and appreciation for the unique role that small businesses play in local communities.

As a small business supporting small business owners across the country, our goal is to do what we can to help clients manage the daily office operations, giving them more time to grow their business. Whether its a few hours a week or "full-time" support, from record management to needing a professional address, we provide "virtually" every way to grow a business.

We would like to acknowledge just a few of our longtime, small business clients who are a "big" reason for our success:

Deakonhaus Custom Builder

Roach Ag Marketing Ltd

Partners Wealth Management

Peak Development Strategies

Chesterfield Awning Company

Second Time Around Furniture Restoration

Support a small business or two in 2015. And if they need resources to help grow, give us a call and we'll connect them with one of our successful partners:

Charted Course Advisors

Quinn & Company

WCM Human Resources Consulting

SOAR Creative Group

Need Some Additional "Help" For The Holidays?