Tag: QuickBooks Consultant NJ

Conquer your financial clutter

Conquer your financial clutter

Financial records are notorious for being messy. Bills, paycheck stubs, tax returns and bank statements have a way of getting tucked into random places. Luckily, there are a few pretty painless ways to organize your important documents.   Put all your financial records in one dedicated spot To ensure that bills are paid on time, bank statements are reconciled and…

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Tips On Tip Reporting

Tips On Tip Reporting

If you are like millions of taxpayers who work in the service industry, you may receive tips. The tax code is clear; if you receive tips you must report them as income. Some employers have systems to make this easy, while others do not. Here are some suggestions: Think 1-2-3 Proper tip reporting has three components. 1. Keeping a daily…

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Accurate inventory numbers are crucial for your business

For many companies, inventory is a significant dollar amount on the company’s financial statements.  So it’s crucial that recorded inventory balances reflect actual values.  When such accounts aren’t properly stated, the cost of goods sold and current ratios – numbers that often matter to decision makers – may be skewed.  If banks discover that your company’s inventory accounts are overstated,…

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Check out the current issue of South Jersey Biz magazine featuring Business Accounting Systems, P.C.

South Jersey Biz January 2015 Our Vice President, L. Scott Elwell, MST, EA is currently featured in the January, 2015 edition of South Jersey Biz Magazine.  The article features predictions from local industry leaders on what 2015 has in store for the South Jersey business world.  Here is a copy of the article as well as a link to the website…

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