Keeping Your Balance
Keeping Your Balance
Blog Post
  • Marketing, advertising and PR agencies have unique financial and bookkeeping needs, and it can be a challenge to keep records organized, responsibilities covered, and information security risks at bay. Are you struggling to manage your books and keep accounts balanced at your agency? To help you overcome some of the challenges agencies commonly face, explore these six affordable bookkeeping to...

Keeping Your Balance
Keeping Your Balance
Blog Post
  • Did you know that a back office support employee can cost a startup or small to mid-size business upwards of $60,000 each year? While that figure may vary, this is a lot of money to fill a role that doesn’t necessarily require a full-time salaried position — not to mention the benefits that go along with that salary, resources necessary to train them, equipment to help them do their job, and so...

Keeping Your Balance
Keeping Your Balance
Blog Post
  • Welcome to the fourth edition of our Meet the Bookkeeper series. In this series, we highlight members of our bookkeeping team, so you can get an idea of the expertise and knowledge that's available to serve you and your business, day in and day out.  Our 100% U.S.-based team is made up of experienced and passionate accounting experts. They help our clients grow their businesses by providing re...

Keeping Your Balance
Keeping Your Balance
Blog Post
  • Every company faces employee turnover at one point or another. But you might not recognize how much it costs your company every time an employee leaves. Between offboarding, filling the gap, hiring a replacement, and training them, you could be facing tens of thousands of dollars in employee turnover costs. And high costs in turnover mean fewer funds to help your business grow. According to on...

Keeping Your Balance
Keeping Your Balance
Blog Post
  • Do you feel like you’re constantly trying to fill back office positions vacated by employees? Or, even if it hasn’t been that often, you likely know the pains caused by losing someone unexpectedly on your team. Back office turnover can lead to some negative consequences, like a loss in productivity and low morale. It can also come at a heavy price. When a Millennial employee quits today, it’s...

Keeping Your Balance
Keeping Your Balance
Blog Post
  • More business comes with more responsibilities. While you might be able to handle your business as it is now, you might not be able to efficiently and profitably manage your business after exponential growth (which is the goal of course). As you know, it’s smart to always be one step ahead and to be thinking about the long-term success of your business and the potential challenges that come w...

Keeping Your Balance
Keeping Your Balance
Blog Post
  • There are only so many hours in the day, and most lawyers need to spend that time focusing on their clients — not sending bills, mastering their accounting software, creating financial reports (or trying to interpret them properly), or following up on late payments. While accounting might not be your forte, you don’t want your firm to suffer due to some simple mistakes. Review these five law ...

Keeping Your Balance
Keeping Your Balance
Blog Post
  • Do you have an in-house bookkeeper that you love working with? If so, that’s great! But unfortunately, you can’t ensure that your trusted bookkeeper will be with your team forever. And, when such a crucial member of your team leaves, it can be hard to keep your business running efficiently. There are a number of reasons bookkeepers move on. Explore a few common ones below, and learn what steps...

Keeping Your Balance
Keeping Your Balance
Blog Post
  • Are you struggling with your bookkeeper? Are you unsure if they can keep up with the evolving needs of your growing company? Do you not get the insights on financial reports that you deem necessary to manage your business? Have you possibly even considered firing them? While it’s never easy to let someone go, sometimes it’s necessary for your business to thrive. However, before you make a has...

Keeping Your Balance
Keeping Your Balance
Blog Post
  • Are you juggling your law firm’s bookkeeping in addition to your core job responsibilities? Many lawyers are in this position, and it can quickly become a struggle to keep operations running smoothly while staying focused on serving your clients. Maybe you’re already there, thinking something needs to change — and fast. Or maybe you’ve got it under control… but it does seem like a breaking poin...

Keeping Your Balance
Keeping Your Balance
Blog Post
  • As a lawyer, your skills might include establishing trust funds and the parameters for using them. But, while trust accounting is not very complicated, managing the actual funds themselves is likely out of your realm of expertise. In fact, even some bookkeepers aren’t familiar with the nuances of trust accounting. That lack of familiarity, albeit common, can lead to mistakes with real consequ...

Keeping Your Balance
Keeping Your Balance
Blog Post
  • Keeping a marketing/ad agency or PR firm on point requires a lot of proactive juggling. Between acquiring new clients, delivering work to current clients, honing creative skills and proficiencies, and staying on top of the latest technology and best practices, there’s more than enough to keep your schedule packed. And that’s all before bringing up the backroom processes that ensure your company...

Keeping Your Balance
Keeping Your Balance
Blog Post
  • We cannot understate how critical it is to have a trained professional managing your company books. It’s equally important to ensure there are processes in place that hold them accountable for their work. The first step is knowing about the bookkeeping mistakes that can occur when someone without proper accounting experience is managing your books. We’ve put together a list of eight of the bigg...

Keeping Your Balance
Keeping Your Balance
Blog Post
  • When we meet with potential clients, we often hear the same questions time and again. In addition to questions about data security and the process of remote bookkeeping, we’re often asked about the differences between remote, outsourced, virtual, and offsite bookkeeping. However, the truth is that each of these terms mean essentially the same thing in most cases — that a third party is handling...

Keeping Your Balance
Keeping Your Balance
Blog Post
  • According to a joint study by 4A’s and LinkedIn, the advertising industry is growing at a faster rate than related industries, but its turnover is higher, causing a 10 percent staffing gap. To mitigate the disruption caused by back office turnover, businesses have started outsourcing their accounting needs and relying on remote bookkeeping and cloud-based accounting. This same study cites seve...

Keeping Your Balance
Keeping Your Balance
Blog Post
  • As an advertising, marketing or public relations agency, it’s your job to help your clients grow and ensure they are seeing ROI for the services you deliver. We know that the more you can focus on serving your clients and bringing in new ones, the more successful you’ll be. This is why remote bookkeeping and outsourced back office solutions can be a game changer for many growing agencies and fi...

Keeping Your Balance
Keeping Your Balance
Blog Post
  • Hiring a remote bookkeeper and choosing to outsource different aspects of your back office (including accounting, payroll, and HR) offers many advantages to businesses of all sizes. It eliminates the need for your business to foot the cost of staffing, training, managing and (eventually) replacing in-house bookkeepers, while at the same time ensuring you have access to a trained and experienced...

Keeping Your Balance
Keeping Your Balance
Blog Post
  • Technology has enhanced the way businesses run and has elevated the efficiency that accounting can provide. Software makes managing and tracking financial transactions a breeze. With cloud-based tools and extra layers of security, business owners, bookkeepers, managers, partners, and employees can all leverage up-to-date financial information in real time. However, the benefits are bes...

Keeping Your Balance
Keeping Your Balance
Blog Post
  • At Keeping Your Balance, we put a huge emphasis on ongoing education and staying on top of all the latest accounting best practices, trends, and tools. It helps us better serve our clients, meet their bookkeeping needs, and enhance their growth strategies. That’s why we’ll be attending the QuickBooks Connect 2017 conference in San Jose between November 15 and 17.

Keeping Your Balance
Keeping Your Balance
Blog Post
  • In a previous post, we shared some information about cloud-based accounting, what it is, and its growing usage. Because at KYB we experience first-hand the advantages it offers, we’d like to also share some of the specific benefits businesses can expect when using cloud-based accounting.

Keeping Your Balance
Keeping Your Balance
Blog Post
  • Welcome to the third edition of our Meet the Bookkeeper series. In this series, we highlight members of our bookkeeping team, so you can get an idea of the expertise and knowledge that's available to serve you and your business, day in and day out.  Our 100% U.S.-based team is made up of experienced and passionate accounting experts. They help our clients grow their businesses by prov...

Keeping Your Balance
Keeping Your Balance
Blog Post
  • The changes that technology has brought to business are pervasive, affecting aspects from how you communicate with vendors, to how customers can pay for goods and services. Technology has also enabled a new way for business owners to handle their accounting: in the cloud.

Keeping Your Balance
Keeping Your Balance
Blog Post
  • The cash flow statement (CFS) is one of the three financial reports generated by businesses to gauge financial position, health, and efficiency. It details the amount and timing of cash flowing into and out of a business, and uses data from the profit & loss (P&L) statement and balance sheet. Today’s post will give you an overview of what the CFS is, what you’ll find in the report, and...

Keeping Your Balance
Keeping Your Balance
Blog Post
  • Welcome to the second edition of our Meet the Bookkeeper series. In this series, we highlight members of our bookkeeping team, so you can get an idea of the expertise and knowledge that's available to serve you and your business, day in and day out.  Our 100% U.S.-based team is made up of experienced and passionate accounting experts. They help our clients grow their businesses by pro...

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