Wise Bookkeeping Services

Wise Bookkeeping Services ✔️ Online Bookkeeping and Accounting for Individuals & Small Businesses.

Book your FREE session… Before It's TOO Late.
07/23/2022

Book your FREE session… Before It's TOO Late.

07/14/2022

✅ Looking for a 𝑩𝑶𝑶𝑲𝑲𝑬𝑬𝑷𝑰𝑵𝑮 𝑬𝑿𝑷𝑬𝑹𝑻 to manage your small business finances and more?
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You have found the right place 😎 Let us take the stress out of your success. 😍💯
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✨Customer Review✨•Thank you so much to Grace Pikul at www.artcanvas.com for leaving us this amazing review 🙏 We work har...
07/14/2022

✨Customer Review✨
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Thank you so much to Grace Pikul at www.artcanvas.com for leaving us this amazing review 🙏
We work hard to ensure our clients experience is always positive 😊
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♥ *** 𝒀𝒐𝒖 𝒄𝒂𝒏 𝒖𝒔𝒆 𝕔𝕒𝕤𝕙-𝕓𝕒𝕤𝕚𝕤, 𝕒𝕔𝕔𝕣𝕦𝕒𝕝, 𝒐𝒓 𝕞𝕠𝕕𝕚𝕗𝕚𝕖𝕕 𝕔𝕒𝕤𝕙-𝕓𝕒𝕤𝕚𝕤 𝒂𝒄𝒄𝒐𝒖𝒏𝒕𝒊𝒏𝒈 𝒕𝒐 𝒎𝒂𝒏𝒂𝒈𝒆 𝒚𝒐𝒖𝒓 𝒃𝒐𝒐𝒌𝒔 *** ♥••✔️ 𝑪𝒂𝒔𝒉-𝒃𝒂𝒔𝒊𝒔 𝒂𝒄𝒄𝒐𝒖...
07/13/2022

♥ *** 𝒀𝒐𝒖 𝒄𝒂𝒏 𝒖𝒔𝒆 𝕔𝕒𝕤𝕙-𝕓𝕒𝕤𝕚𝕤, 𝕒𝕔𝕔𝕣𝕦𝕒𝕝, 𝒐𝒓 𝕞𝕠𝕕𝕚𝕗𝕚𝕖𝕕 𝕔𝕒𝕤𝕙-𝕓𝕒𝕤𝕚𝕤 𝒂𝒄𝒄𝒐𝒖𝒏𝒕𝒊𝒏𝒈 𝒕𝒐 𝒎𝒂𝒏𝒂𝒈𝒆 𝒚𝒐𝒖𝒓 𝒃𝒐𝒐𝒌𝒔 *** ♥
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✔️ 𝑪𝒂𝒔𝒉-𝒃𝒂𝒔𝒊𝒔 𝒂𝒄𝒄𝒐𝒖𝒏𝒕𝒊𝒏𝒈 is the simplest way to manage your books. With cash-basis accounting, you only record transactions when you physically make or receive a payment. This is a single-entry accounting system, meaning you record each transaction once.
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✔️ With 𝒂𝒄𝒄𝒓𝒖𝒂𝒍 𝒂𝒄𝒄𝒐𝒖𝒏𝒕𝒊𝒏𝒈, you record money whenever a transaction takes place, even if you don’t physically give or receive money (like when you are billed or write an invoice). This is a double-entry accounting system, which means that you must record two entries for each transaction.
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✔️ 𝑴𝒐𝒅𝒊𝒇𝒊𝒆𝒅 𝒄𝒂𝒔𝒉-𝒃𝒂𝒔𝒊𝒔 𝒂𝒄𝒄𝒐𝒖𝒏𝒕𝒊𝒏𝒈 is a mixture of both cash-basis and accrual accounting. You can use a modified cash basis if you want to use the same types of accounts as accrual but only record income and expenses when paid.
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Generally, you can choose the method you want to use, but the ɢᴏᴠᴇʀɴᴍᴇɴᴛ ʀᴇQᴜɪʀᴇꜱ ꜱᴏᴍᴇ ʙᴜꜱɪɴᴇꜱꜱᴇꜱ ᴛᴏ ᴜꜱᴇ ᴀᴄᴄʀᴜᴀʟ ᴀᴄᴄᴏᴜɴᴛɪɴɢ (e.g., companies that make $5 million in annual gross sales).

07/13/2022

ᴏɴᴇ ᴏꜰ ᴛʜᴇ ꜰɪʀꜱᴛ ᴅᴇᴄɪꜱɪᴏɴꜱ ʏᴏᴜ ɴᴇᴇᴅ ᴛᴏ ᴍᴀᴋᴇ ᴡʜᴇɴ ꜱᴇᴛᴛɪɴɢ ᴜᴘ ʏᴏᴜʀ ʙᴏᴏᴋꜱ ɪꜱ ᴅᴇᴄɪᴅɪɴɢ ʜᴏᴡ ᴛᴏ ʀᴇᴄᴏʀᴅ ᴛʀᴀɴꜱᴀᴄᴛɪᴏɴꜱ. You can:

✔️ Record transactions by hand
✔️ Hire an accountant
✔️ Use accounting software
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Recording transactions by hand is the 𝒎𝒐𝒔𝒕 𝒊𝒏𝒆𝒙𝒑𝒆𝒏𝒔𝒊𝒗𝒆 and 𝒕𝒊𝒎𝒆-𝒄𝒐𝒏𝒔𝒖𝒎𝒊𝒏𝒈 method. It also opens up your business to common accounting errors, such as miscalculating or failing to balance accounts, which can be costly.
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Hiring an accountant is the 𝒎𝒐𝒔𝒕 𝒆𝒙𝒑𝒆𝒏𝒔𝒊𝒗𝒆 but 𝒍𝒆𝒂𝒔𝒕 𝒕𝒊𝒎𝒆-𝒄𝒐𝒏𝒔𝒖𝒎𝒊𝒏𝒈 method. When you hire an accountant, you don’t need to manage your books. You may hire an in-house accountant or outsource to an accounting firm.
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Accounting software to manage your books is a good middle ground between recording transactions by hand and having an accountant do it all. Using software streamlines the way you track incoming and outgoing money and helps continually organize your books. With software, you can automate your recordkeeping responsibilities, then hand over your books to an accountant for the more complicated accounting requirements (e.g., tax preparation).
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Consult now on WhatsApp or via Email:
📲 +1 (415) 9675296
📧 [email protected]

𝑯𝒐𝒘 𝒎𝒖𝒄𝒉 𝒂𝒄𝒄𝒐𝒖𝒏𝒕𝒊𝒏𝒈 𝒍𝒊𝒏𝒈𝒐 𝒅𝒐 𝒚𝒐𝒖 𝒌𝒏𝒐𝒘? If you don’t have all the terms memorized, don’t worry about breaking out the fla...
07/13/2022

𝑯𝒐𝒘 𝒎𝒖𝒄𝒉 𝒂𝒄𝒄𝒐𝒖𝒏𝒕𝒊𝒏𝒈 𝒍𝒊𝒏𝒈𝒐 𝒅𝒐 𝒚𝒐𝒖 𝒌𝒏𝒐𝒘? If you don’t have all the terms memorized, don’t worry about breaking out the flashcards. Instead, familiarize yourself with a few key terms to get started:
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✔️ 𝑪𝒐𝒔𝒕 𝒐𝒇 𝒈𝒐𝒐𝒅𝒔 𝒔𝒐𝒍𝒅 (𝑪𝑶𝑮𝑺): An expense that represents how much it costs you to produce your offerings. COGS is a crucial factor when determining your business’s profit.

✔️ 𝑫𝒆𝒃𝒊𝒕𝒔 𝒂𝒏𝒅 𝒄𝒓𝒆𝒅𝒊𝒕𝒔: Equal but opposite entries in your books (i.e., one increases an account and the other decreases the opposite account).

✔️ 𝑰𝒏𝒗𝒆𝒏𝒕𝒐𝒓𝒚: Includes the raw materials in storage, items in the production process, and finished goods available for sale.

✔️ 𝑨𝒔𝒔𝒆𝒕𝒔: Your business’s physical (tangible) or non-physical (intangible) property that adds value to your business.

✔️ 𝑳𝒊𝒂𝒃𝒊𝒍𝒊𝒕𝒊𝒆𝒔: The money that your business owes. You can have both short-term liabilities that are due within one year and long-term liabilities that are not due within one year.

✔️ 𝑬𝒒𝒖𝒊𝒕𝒚: The value of your business after subtracting liabilities from assets.

✔️ 𝑹𝒆𝒗𝒆𝒏𝒖𝒆: The amount of money your business brings in from sales.

07/13/2022

𝘕𝘰𝘵 𝘢𝘭𝘭 𝘣𝘶𝘴𝘪𝘯𝘦𝘴𝘴𝘦𝘴 𝘢𝘳𝘦 𝘳𝘦𝘲𝘶𝘪𝘳𝘦𝘥 𝘵𝘰 𝘰𝘱𝘦𝘯 𝘢 𝘴𝘦𝘱𝘢𝘳𝘢𝘵𝘦 𝘣𝘶𝘴𝘪𝘯𝘦𝘴𝘴 𝘣𝘢𝘯𝘬 𝘢𝘤𝘤𝘰𝘶𝘯𝘵. But that doesn’t mean you shouldn’t do it regardless.
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Mixing personal and business funds can cause you to file taxes inaccurately, become disorganized, and overspend. You may accidentally use business funds to make personal purchases if you combine funds.
𝑪𝒐𝒏𝒗𝒊𝒏𝒄𝒆𝒅? 𝑻𝒐 𝒐𝒑𝒆𝒏 𝒂 𝒃𝒖𝒔𝒊𝒏𝒆𝒔𝒔 𝒃𝒂𝒏𝒌 𝒂𝒄𝒄𝒐𝒖𝒏𝒕, 𝒚𝒐𝒖 𝒎𝒖𝒔𝒕:

o 𝑪𝒉𝒐𝒐𝒔𝒆 𝒂 𝒃𝒂𝒏𝒌
o 𝑮𝒂𝒕𝒉𝒆𝒓 𝒏𝒆𝒄𝒆𝒔𝒔𝒂𝒓𝒚 𝒅𝒐𝒄𝒖𝒎𝒆𝒏𝒕𝒔 (𝒆.𝒈., 𝒂𝒓𝒕𝒊𝒄𝒍𝒆𝒔 𝒐𝒇 𝒊𝒏𝒄𝒐𝒓𝒑𝒐𝒓𝒂𝒕𝒊𝒐𝒏)
o 𝑶𝒑𝒆𝒏 𝒕𝒉𝒆 𝒂𝒄𝒄𝒐𝒖𝒏𝒕
Contact us now on WhatsApp or via Email:
📲 +1 (415) 9675296
📧 [email protected]

😍👉👉👉 𝑶𝒏𝒆 𝒐𝒇 𝒕𝒉𝒆 𝒇𝒊𝒓𝒔𝒕 𝒅𝒆𝒄𝒊𝒔𝒊𝒐𝒏𝒔 you’ll make when starting up is your business structure. The structure you choose impact...
07/13/2022

😍👉👉👉 𝑶𝒏𝒆 𝒐𝒇 𝒕𝒉𝒆 𝒇𝒊𝒓𝒔𝒕 𝒅𝒆𝒄𝒊𝒔𝒊𝒐𝒏𝒔 you’ll make when starting up is your business structure. The structure you choose impacts taxes, liability, control, and how to pay yourself from your business.
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𝕐𝕠𝕦 𝕔𝕒𝕟 𝕤𝕥𝕣𝕦𝕔𝕥𝕦𝕣𝕖 𝕪𝕠𝕦𝕣 𝕓𝕦𝕤𝕚𝕟𝕖𝕤𝕤 𝕒𝕤 𝕒:

✅ 𝕊𝕠𝕝𝕖 𝕡𝕣𝕠𝕡𝕣𝕚𝕖𝕥𝕠𝕣𝕤𝕙𝕚𝕡
✅ ℙ𝕒𝕣𝕥𝕟𝕖𝕣𝕤𝕙𝕚𝕡
✅ 𝕃𝕚𝕞𝕚𝕥𝕖𝕕 𝕝𝕚𝕒𝕓𝕚𝕝𝕚𝕥𝕪 𝕔𝕠𝕞𝕡𝕒𝕟𝕪 (𝕃𝕃ℂ)
✅ ℂ𝕠𝕣𝕡𝕠𝕣𝕒𝕥𝕚𝕠𝕟 (ℂ ℂ𝕠𝕣𝕡 𝕠𝕣 𝕊 ℂ𝕠𝕣𝕡)
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Some business structures are more complicated to manage than others. Depending on how you structure your company, you may have significant filing and reporting requirements.
Before selecting a business entity, lay out your business goals and consider the pros and cons of each.
Contact us now on WhatsApp or via Email:
📲 +1 (415) 9675296
📧 [email protected]

Address

5509 Bennington Drive
Lansing, MI

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm
Saturday 9am - 5pm

Telephone

+14159675296

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