Business Resource Bookkeeping LLC

02/28/2022

If you're only making financial decisions for your business based on what's in the bank, you're gonna find yourself in a precarious position.

Bank balances don't reflect outstanding checks and pending payments don't always show up right away. Your bank account balance also isn't going to account for any cash you may need to shell out for expenses on the horizon.

The point is, keeping your books in order is key to knowing where your business's financials stand so that you can make informed decisions when it comes to expenses.

02/25/2022

Got concerns about managing your company's cash flow?

We can analyze your business's financials so that you get a clear picture of where things are at and how to start changing them for the better.

We'll provide you with regular cash forecasts as well as hot spot reports that help you to see possible shortfalls coming down the pike. And really... having those insights will allow you to develop proactive strategies to build cash reserves for your business and avoid those shortfalls.

And so that you can further understand the cash impact of decisions you make in your business, we'll run through possible "what could happen" scenarios to further those proactive strategies.

Ready to get your cash flow under control? Let's chat.

02/24/2022

It's Black History Month, and we want to honor the African American entrepreneurs and influencers who have made great strides ahead for all of us.

UNICEF USA works with many Diaspora and Multicultural partners, our fellow champions for children in the U.S. and globally. For Black History Month, we pause to honor these partners and look forward to future collaborations.

02/23/2022

Make your business work for you. Examine where you're already spending money and then turn it into something that benefits the business.

Are your money and time spent regularly on something outside the scope of your business that could actually be turned into a legitimate business venture? It might be time to consider turning that "play" into a lucrative work endeavor that brings in a profit and a bigger bottom line.

We'd be glad to look things over for you and give you insight on where to begin.

02/22/2022

America Saves Week is here and today's focus -- Saving for the Unexpected -- is something we should all be thinking about post-pandemic. Because if we learned anything from the past two years, it's that things can change suddenly and with little warning.

If you want some resources on how to achieve financial stability, tips on how to start saving and reach financial goals, and other helpful information for your savings journey, hop on over to the America Saves Week website.

Since 2007 America Saves Week has been an annual celebration as well as a call to action for everyday Americans to commit to saving successfully. Through the support of thousands of participating organizations, together we encourage individuals to do a financial check-in that allows them to get a cl...

02/21/2022

As many businesses discovered in 2020, making a budget is absolutely essential for the life of your business. But making one looks different than making a personal budget.

Here's a great 6-step guide to get you started...

The process of how to create a business budget isn’t impenetrable if you approach it the right way. We break down creating a business budget into six steps.

02/18/2022

Here's why outsourcing bookkeeping is beneficial for your business:
- You'll save money on payroll and put it into business growth
- You'll save time and lessen paperwork, allowing your energy to go to improving operations
- You'll get to centralize information into a cloud-based accounting system
- You'll reduce errors and sharpen accuracy
- You'll get detailed reports without paying a premium cost to a specialist
- You'll get better insight for decision-making in your business
- You'll be more prepared for tax season

Are you ready to get those kinds of benefits?

02/17/2022

Office space can be a big part of owning your own business. It can be a pretty big expense, too… And of course, the past two years might have changed how you do business in that office – a lot.

Maybe you have more people working from home. Maybe you’ve had to lay off some, at least for now. Odds are good that if you take a peek out over your office these days, you won’t see what you saw in 2019.

It might be time to ask: Do I still need as much office space?

And if your answer is "maybe not," we can take a look at your situation and help you decide if you should downsize.

02/16/2022

With government assistance comes government regulation... and little to no guidance.

If your business was among those that received federal assistance during the pandemic (PPP loans, ERTC, RRF, etc.), you are required to report on transaction details involving the use of those funds. And existing accounting models for this weren't very helpful for most for-profit businesses.

However, in November of last year, the FASB (Financial Accounting Standards Board) released an updated model that will help businesses track usage and create accountability.

An accounting standards update affects companies that took advantage of COVID stimulus programs.

02/15/2022

Your business's financial statements are the key to determining if you're a real competitor in your market. That means keeping your books updated, checking for discrepancies between P/L statements and balance sheets, looking over KPIs, automating systems, and so on.

Being informed isn't just about knowing if there's money in the bank. It's about real-time insight on how your business is performing and how you can innovate to stay on track with (or ahead of) the others in your market area.

And that's what we do. We keep you in the know about your business's financial performance and keep you on track to achieving those growth goals so you can step up to the plate and swing for success.

02/14/2022

Did you know something like 100 million people tune in to watch the Super Bowl and some just for the hilarious commercials?

So, we really want to know...

Which commercial(s) was your favorite?

02/11/2022

One of the things that bring a huge smile to our faces and a sense of accomplishment is seeing a client's business wealth grow.

See, we're about more than just plugging in numbers to an automated system and waiting for those results.

We're here to customize monthly reports on your behalf so you get a real sense of where your business is at and so you're equipped to keep growing it.