Change is not always easy. Perhaps this is intentional as only after the struggle when the butterfly chrysalis opens is the true beauty appreciated.
Accounting continues to evolve and change. New software and new technology continues to advance at an incredible pace. It is changing the face of accounting as we know it. Our clients are changing software. Their needs are changing. They are looking at automation as a resource to fill gaps, reduce costs and enhance their current processes. They need new procedures. They need an Accountant; a Strategic Advisor.
We at SunDog Consulting are changing to help our clients meet these needs. Check out our new website. Subscribe to our blog to stay up on Small Business News, Solutions, Tips and Technologies. Let us hear from you on Facebook and follow us on Twitter as we embrace Change.
Spread the word….there is a new Form I-9. Your old forms will no longer be accepted. Check out Sandy’s post “Keeping on the Safe Side of the New I-9” on Draker Cody New Mexico for a good synopsis and how this could impact your business.
An often-asked question: “What’s the difference between a bookkeeper and an Accountant?”
Often used interchangeably, there is a difference in the primary roles of bookkeeper and accountants that business owners should understand.
Bookkeeping dates back to the late 1400’s when the double-entry bookkeeping system fort racking business transactions, codified by Luca Pacioli in 1494 in his book Summa de Arithmetica, Geometria and Proportioni et Porportionalita was published. The system provides the techniques for which businesses can follow transactions, generate statements of the organization and gain financial understanding. Arguably the best place to glean a better understanding and to differentiate these roles you can still purchase his treatise on Amazon today. For those of you not as interested in history and bookkeeping as I am, the short answer is one ‘keeps the books’ and the other ‘interprets them’.
The bookkeeper is responsible for the accurate and timely recording of the day-to-day transactions and activities of the business; purchases, sales, receipts, and payments. Bookkeepers process the data of business. They ‘code’. The live in the details of your business. Bookkeepers deal with the day-to-day head on.
Accountants on the other hand are big picture people. They verify the data and turn data into information and reports which they analyze. Financial statements tell a story that an accountant can read, understand and interpret to inform business owners of margins, trends, forecasts, cash flow and growth opportunities.
Both bookkeeper and accountant are concerned about the accuracy of the data and use various processes to check for errors and validate the data.
With today’s technology, the roles are changing as automation enhances the day to day tasks of keeping the books. Automation relieves the bookkeeper of some of the mundane task of data entry into the accounting system and at the same time enhances coding of data for greater efficiency and fewer errors. Integration of various systems makes this data available across multiple platforms providing business owners and their bookkeeper and accountant reports at their fingertips in real time. Valuable information to any business owner.
It’s that time of year when our thoughts turn from the holidays indulgences to getting fit. New Year’s resolutions are made to exercise more, get in shape, lose weight. If you were lucky enough to get a Fitbit for Christmas, you’ll love this.
The well-known App Integrator IFTTT recently featured Fitbit in its January newsletter along with other health-focused Applets to keep you accountable and help you reach your goals.
Speaking of being accountable, IFTTT helps enhance business workflows with Applets connecting Gmail , Outlook, Evernote, Box, Dropbox and beyond. Sync Outlook and Google Calendar so you don’t miss an appointment. Have routine email reports sent to Box for storage. Add a note to Evernote.
Whether for Fitness, Fun or Workflow Improvement; Find solutions for your favorite apps at IFTTT.
If This, Then That
The best tip is the one that solves a pain point immediately, don’t you agree?
With 3 monitors and working in the cloud it has become routine for me to have multiple tabs open on multiple windows.
I also routinely, inadvertently close a tab I wish I hadn’t!!!!
PC Magazine just made my day recently when I found the solution in 32 Hidden Chrome Features That Will Make your Life Easier
Scrolling thru these 32 tips made my day better. Check out the slideshow and find a tip that will make your day.
I can’t tell you how many times I’ve heard about how difficult tracking business miles is and how often we forget to do it all together and then when year end rolls around…Yikes!
There is an App for that that I love.
It remembers so you don’t have to and it’s well worth the cost pf $6.95 p/mth. It is always working in the background so I don’t have to remember to jot down mileage, where I went, was that business or personal? It remembers for me and if I forget it reminds me. It even reminded me on January 1st that I needed to log the miles on my vehicle. What’s not to like?
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