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Top Legal and Financial Services in Hutto, TX

Centex Books

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1-844-925-0138

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Updates & tips

Check out my new Blog at Blogger.com

I am so excited! I just discovered that I can get a blog at no cost at BLOGGER.COM. Check out my blog and let me know what you think. I just published my blog yesterday and within one day my Google rank went to page two. I own Small Business Bookkeeping Service. Getting this ranking if very important to me. Go now, what do you have to lose. Give me some feedback and tell me what you think.  About the Author Do you every wish there was an easier way to manager your books! Kathy EisenhauerownsSmall BusinessBookkeepingService. I have the experience to get your Accounting and Bookkeeping organized as well as special projects. I have used different accounting software, but specializing in QuickBooks accounting software from setup through year end. I can provide all accounting services that your office does not have the time or knowledge to accomplish. Free up your time to do what you do best, make money without having to worry about your officeaccounting andbookkeeping.Contact metoday.

By Small Business Bookkeeping Service

Obtaining a Small Business Loan - Bookkeeping hints

Nine things you must do to maximize your chance of obtaining a small business loan: To get approval for your loan application, you must be able to meet the lending criteria set down. Some organizations are more risk averse than others, and will therefore have more stringent criteria. To vastly increase your chances of a successful finding application, you will need to present the following information. 1. The reason for the loan. The lender will be looking for something that fits within the normal range and expertise of your business. The amount my cover a number of items, so you will need to cover each. 2. The amount required, and the repayment term of the small business loan you want. (e.g. $10,000.00 term 5 years, payable quarterly). 3.Details of how you will repay the amount borrowed. For example, "From the increase in profits of reduced running costs of the Whizz-bang Go4It and ongoing business cash flow? 4. Details of security you will be able to offer to the lender. This will act as reassurance for the lender. If you're not prepared to put up some aspect of security, then why should they? 5. You will need to include your business plan which will serve to answer essential questions relating to management capabilities, information about the market in which you operate, and the kind of business you are etc. 6.Three years financial statements. You will need to present quality financial information from your small business bookkeeping software, preferably signed off by your accountant or tax adviser. 7. Latest set of Management accounts. Again produced from your accounting software. 8. Accounts Receivable (debtors) and Accounts Payable (creditors) aging reports. 9. Principals financial statements. Particularly required if some form of security is necessary. If you are a new company, the emphasis is going to be on your business plan, and the security (also called collateral) you or your business can provide against the loan. If you are currently relying on your accountant to provide you with the information outlined above, I recommend that you make a small investment in small business bookkeeping software such as Quick-books. Accounting software will prepare the necessary reports from your data entries, and also helps you reduce the amount of time the accountant needs to prepare your statements, which should reduce their fees, more than paying for the investment. You must take the time to practice presenting your business loan proposal to iron out any glitches. Practice on your colleagues and family (you never know, they might be so impressed, they'll invest or lend!). It will also help if you role play the lender and come up with as many objections to accepting the deal as possible. The more time you take the better your chances will be. (But remember don't fall into the analysis paralysis trap!) One of the reasons why using Commercial Finance Brokers to find you s Small Business Loan is on the increase is that they are experts in packaging your request and searching out a lender that is interested in your kind of business. They will save you the entire time and hassle of pulling all the information above together, leaving you to get on with running your business. About the Author Do you ever wish there was an easier way to manage your books!Kathy Eisenhauerowns Small Business Bookkeeping Service.  I have the experience to get your Accounting and Bookkeeping organized, as well as special projects. I have used different accounting software, specializing in QuickBooks accounting software from setup through year end. I can provide all accounting services that your office does not have the time or knowledge to accomplish. I can manage your Payroll, Accounts Receivable and Accounts Payable with the highest confidentially. I can process your daily, weekly, monthly, and quarterly accounting projects. For more information on all the great services offeredcontact metoday.Free up your time to do what you do best and make money without having to worry about your office accounting andbookkeeping.

By Small Business Bookkeeping Service

Small Business Bookkeeping

At times, keeping track of your business finances can seem overwhelming. Small Business Bookkeeping has 2 basic goals. Keeping track of what you receive, and what you pay out using effective business cash controls. When you have learned the basics, and have had a little practice, its really not too bad. Whether you use bookkeeping software or a more traditional set of handwritten ledgers, a well kept set of financial records can help you understand how to make changes in your business so your become more profitable, not to mention, save you money on accountants fees and make filing your various tax returns and claiming your Small Business Tax Deductions less traumatic. There is no official "right" way to organize your small business bookkeeping. As long as your records accurately reflect your business income and expenses, official bodies such as tax authorities will generally find them acceptable. As your business grows, you can expect the quantity of records, and the kinds of records you must keep to increase. One example of this is the difference between the cash method of bookkeeping (usually used by small businesses), and the accrual method. The cash method records cash received (Income) as amounts in the books as they happen, and records payments when they are physically made. This is pretty much like most of us run our own bank accounts. We collect what we earn from our paycheck each month, then pay the bills, and if we're lucky, there is a bit left at the end (our Profit). If we go overdrawn, we made a loss. The accrual method is a major concept in bookkeeping, and aims to match the amount of income or expenditure to the time that it related to. For example. It is possible to pay for something after you have used it. In an accruals based small business bookkeeping system, we would record the expenses as we used it, and elsewhere the fact that we owe someone some money - in the "Amounts Payable" account. At a later date when we have paid the supplier, we would reduce what we owe in the amounts payable, and our bank balance would reduce, because we spent the money by giving it to the supplier. The actual process of small business bookkeeping can be made easier when broken down into three action steps: 1. Keeping the Paperwork - Comprehensive summaries of your business income and expenses are at the heart of the bookkeeping process. Each business sale or purchase must be backed-up by records containing the amount, the date, and details of what the money was used for (e.g. I bought a power tool from Joe's Tool Shop for $150 on 31st March) or received in respect of (Mrs. Smith paid me $100 to fix her shower on 1st April). This is true whether your accounting is done by computer or in a book in hand written ledgers. From a legal point of view, your method of keeping receipts can range from slips kept in a cigar box to a     sophisticated cash register hooked into a computer system that you understand and can use, but also meets your business needs. 2. Summarize your income and expenditure records on a periodic basis.  A Profit and Loss Account is nothing more that a summary of Income and Expenses, taking into consideration the period when they occurred, as opposed to when they were really paid for.   Your analysis of the records, will help you understand your business, and give you ideas about how to             control it.     On a regular basis, like every day, week, or at  a minimum once a month, you should transfer the                     amounts from your receipts for sales and purchases into your books. In the trade this is called "posting". Your volume of transactions will normally determine the frequency your must do this. The higher the                 number, the more often you should post everything, to avoid losing control. A retail store, for example. that has hundreds of sales amounting to thousands of tens or thousands of             dollars every day, will be using an automated point of sale system that records everything on a computer as it happens.  With that volume of sales, it's important to see what's selling well, and what isn't. The devil is in the detail as they say. If you want to leave the bookkeeping process to your accountant then don't be surprised when he insists on your keeping some controls over receipts. With the many small business bookkeeping software programs now available, it is very easy to "post" to the ledger. You'll save a lot of money in fees and leave the more critical year end and tax functions to the accountant. 3. Use your summaries to create financial reports - Financial reports are the small business bookkeeping prize for having taken the effort to keep your books in order. The profit and loss report and balance sheet are the terms everyone has heard, but you may also have             heard of cash flow summary and ratio analysis.  It is a general rule that the more customers, and inventory your business has, the better your business will be served by more comprehensive reporting. For example they will help you understand things such as which products make you the most money, which customers aren't worth doing business with, and which geographical markets really don't pay for themselves. In summary, keeping a good set of small business financial books, will more than pay for itself with what you learn about your business, and will give you the power to make decisions in confidence that will improve your business profitability. About the Author Do you ever wish there was an easier way to manage your books!Kathy Eisenhauerowns Small Business Bookkeeping Service.  I have the experience to get your Accounting and Bookkeeping organized, as well as special projects. I have used different accounting software, specializing in QuickBooks accounting software from setup through year end. I can provide all accounting services that your office does not have the time or knowledge to accomplish. I can manage your Payroll, Accounts Receivable and Accounts Payable with the highest confidentially. I can process your daily, weekly, monthly, and quarterly accounting projects. For more information on all the great services offeredcontact metoday.Free up your time to do what you do best and make money without having to worry about your office accounting andbookkeeping.      

By Small Business Bookkeeping Service