Balancing the Books

« Back to Home


Elevating Business Operations: The Case for Outsourcing Property Accounting

Posted on

In an era where businesses thrive on agility and efficiency, outsourcing property accounting emerges as a strategic solution. It’s a paradigm shift that allows businesses to streamline operations, optimize resources, and enhance financial management. All this can be done professionally, which helps protect the business and its operations overall.  The Power of Specialized Knowledge Outsourcing property accounting opens the door to a pool of experts with in-depth knowledge of financial management principles. Read More»

Does Your Small Business Have Good Audit Trails?

Posted on

Are your small business books supported by good audit trails? If you haven’t heard of this term, the answer is probably not. So, what is an audit trail? Why do you need them? And how can you create a workable system for ensuring them? Here’s what every business owner needs to know. What Is an Audit Trail? Audit trails are simply a chain of documentation that can be followed backward through a bookkeeping transaction to reveal its source. Read More»

Navigating The Warehouse Maze: Mastering Business Tax Preparation For Warehouse Owners

Posted on

When it comes to the world of business taxes, warehouse owners often find themselves facing unique challenges. The tax season is inevitably filled with potential pitfalls, but with a little knowledge and careful planning, it’s possible to emerge unscathed. Warehouse owners face specific tax challenges that can be addressed to minimize tax liabilities and maximize profits.   Deductible Business Expenses One of the most critical aspects of tax preparation for warehouse owners lies in identifying and claiming deductible business expenses. Read More»

Why An Outsourced CFO Is Right For Your Business

Posted on

Is your business growing and you are finding it harder and harder to stay on top of your balance sheet? Do you have a bookkeeper or other entry-level professional handling the books but you think it’s time to bring in additional help? Here’s why you might want to look into hiring an outsourced CFO service — such as Scope LLC — as your company takes its next steps forward. Save Money Compared to an Internal Hire Read More»

Why You Should Use Virtual Bookkeeping

Posted on

Virtual bookkeeping, also known as online bookkeeping, is the process of recording and managing financial transactions for a business through digital platforms. With the rise of technology and the internet, virtual bookkeeping has become increasingly popular and is quickly becoming the norm for many small businesses. There are numerous benefits of virtual bookkeeping, some of which are discussed below: Accessibility Virtual bookkeeping allows business owners to access their financial records and reports from anywhere at any time. Read More»

Considering Full-Time House Sitting? 5 Things A CPA Can Help With

Posted on

Full-time house sitting is a great way to make money and reduce your expenses while seeing more of the world. If you’re planning to take up house sitting on a permanent basis, though, you’ll need to ensure that your finances are in order — and they stay that way. A CPA (certified professional accountant) can help. How? Here are five important tasks they’ll help you with. 1. Tracking Income and Expenses Read More»