Bookkeeping Essentials

This regular series of blogs and articles are designed to help inform and elevate bookkeepers in practice. It showcases the latest trends and thinking from ICB USA members and other bookkeeping professionals who provide useful insights to assist in the day-to-day life of a professional bookkeeper.

How to keep up with firm growth
Article
Nov 28th 2018
Accountants and bookkeepers who decide to open their own practice do so with a variety of goals in mind. Some may find the freedom and...
Blog
1
I often ask myself, “are bookkeeping emergencies really a thing?” I like to answer this question with a No. If we are communicating with...
combat fraud
Article
Jul 31st 2018
Payroll fraud is one of the most common and costliest forms of asset misappropriation and lasts an average of 30 months before it is...
woman showing man items on a financial document
Article
Jun 19th 2018
Small business owners are often tempted to revert to their old ways after tax season, despite having suffered through the mad scramble to...
people in meeting on laptops and tablets
Article
May 17th 2018
There’s no doubt many of your clients have moved to the cloud, but are they reaping the most benefits possible by being there? More...
Businessman working in office
Article
May 9th 2018
File storage applications and services are a convenience to customers and a way to attract new prospects, but how long should you or your...
Apr 26th 2018
6
Now that we are through tax season, I have some thoughts about bookkeeper interactions with their client’s CPAs/tax preparers. This...
frustrated people in planning meeting
Article
Apr 3rd 2018
Our clients know they need to create a budget, but actually doing so can be very difficult - even painful - for them. Most business owners...
clients argue in meeting with calm woman
Article
Mar 28th 2018
2
Bookkeeping professionals often find themselves in situations where you and the client are in disagreement. When these cases arise, who...
Mar 27th 2018
We’ve all been talking broadly about how the accounting profession is changing, but how exactly can accounting professionals monetize these...
Mar 12th 2018
Automated technology and other technological advances will replace many functions traditionally performed by bookkeepers and CPAs, but...
Feb 21st 2018
2
Dead Bookkeeper Syndrome is a term I have coined to describe the situation of a company’s bookkeeper suddenly disappearing or dying. During...
Feb 22nd 2018
Bookkeeping and accounting professionals are on the edge of a new industry paradigm, with technology changing the entire way we do business...
Feb 14th 2018
If you are like most traditional accountants and bookkeepers, you love working on the numbers, from financial statements to bank...
man showing clients something on a laptop
Article
Feb 14th 2018
Cloud-based technology vendors are producing more time-saving apps that automate everything from data entry to expense management -- tasks...
Blog
1
I’ve had clients ask me, “Why do I need to reconcile bank statements in QBO? The bank feed pulls in all the transactions, so I know it’s...
man with credit card shadowed by person in black
Article
Oct 27th 2017
2
How would you feel if $40K in cash went unrecoverable with one of your small business clients? I met this week with my monthly bookeepers...
AccountexUSA 2
Article
Sep 7th 2017
1
Different fields within the accounting profession – accountants, bookkeepers and consultants – should work together in helping their...
Blog
1
Lawyers, particularly of small-scale law firms, have a lot on their plate – court case, clients, advertising, networking, management,...
many hands holding a small plant and soil
Article
Jun 2nd 2017
1
When I first started my online bookkeeping firm, I thought things were going to be a lot easier. I’d read plenty of books telling me all I...
Blog
So you’re planning to hang your shingle and open your own bookkeeping or consulting practice. I often get calls or emails from people just...
business man in mousetrap
Article
Mar 8th 2017
2
The thought of what our value is as bookkeepers is very clear to me as I write off debt at the end of the year for clients that did not pay...
Blog
As an accounting professional, you have a wide variety of choices to help market yourself or advance your career, the most common of which...
man working electronic spreadsheets, graphs and tablet
Article
Jan 31st 2017
1
As professionals in this industry, we are aware that only a small percentage of business owners take on the responsibility of handling...
Jan 17th 2017
Bookkeepers are one resource that every business needs, and when a small business starts, the success or failure of that business can be...
Nov 4th 2016
11
Bookkeepers are not known in our industry to be professionals; however, per the definition, an office worker is a professional. Looking at...
Blog
Ongoing technological innovation in the accounting industry today means that bookkeepers must use increasingly capable automatic workflow...
businessman in a field of weeds
Article
Sep 21st 2016
1
Whether you are just getting started as a bookkeeper or you have an established firm, ensuring clients are a good fit for your practice is...
May 10th 2016
1
Today, if you Google “bookkeeper definition,” this is what you will find: A bookkeeper (or book­keeper) is a person who records the day-­to...