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Checklist for Selecting Restaurant Accounting Services

By Analytix Editorial Team

April 22,2019 0 Comments
Checklist for Selecting Restaurant Accounting Services

Restaurant accounting is a specialized activity that often requires more attention than accounting for other industries given the high volume of transactions throughout various parts of the day. If you choose to operate a restaurant, what does that indicate about your passion? Probably one of the following two things: You love to cook; you probably

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Tax Memes – Humorous CPA Reactions Captured Perfectly

By Analytix Editorial Team

April 16,2019 0 Comments

Accounting is detailed. Accounting is tough. Get even a single digit wrong, and you will see what we mean. Gearing up for tax time? We know how it feels! Here’s a succinct collection which is our take on the accounting life. Never a dull moment!

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Which Financial Operations Areas Are Best Automated?

By Analytix Editorial Team

April 11,2019 0 Comments

Automating essential functions, including financial operations of a business, is on the rise. The trend probably is a result of greater demands for transparency and higher quality expectations from clients. CPA firms and other accounting practices are keeping pace with this and choosing a double advantage: 1. Automating key financial operations and 2. Choosing to

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How Automation Can Help Ensure Better Bookkeeping

By Analytix Editorial Team

April 11,2019 0 Comments

Automation goes a step beyond conventional bookkeeping practices: the involvement of machine or software means that data management is easier and the likelihood of error, including human error, is reduced. Given the importance of attention and detail-orientation required in standard accounting and bookkeeping, even seasoned accountants and CPAs grow weary and fatigued. Add to this

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Common Tax Filing Mistakes Committed by Small Businesses and How to Avoid Them

By Analytix Editorial Team

January 9,2019 0 Comments
Common tax filing mistakes committed by small businesses and how to avoid them

Tax season can either prove to be a nightmare for a small business or provide a chance to strengthen the business’ position through meeting payment obligations and deadlines. For most small businesses that operate within budget limitations, the bookkeeping and accounting is mostly carried out by the founders themselves to ensure diligence and accuracy in

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How Cloud Accounting Helps Businesses Handle Financial Information Effectively

By Analytix Editorial Team

January 4,2019 0 Comments
How Cloud Accounting Helps Businesses Handle Financial Information Effectively

Cloud accounting enables easier access to business data and information while helping ensure better collaboration between team members and people running the business. Financial information pertains to reports detailing financial activities and status, including documents such as the balance sheet, financial statement, reports on assets and liabilities, etc. Financial information effectiveness is directly dependent on

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Money Saver Tax Tips for Small Business

By Analytix Editorial Team

December 26,2018 0 Comments
Money Saver Tax Tips for Small Business

For a business to survive, it is vital that its finances are well-managed. However, for most small businesses, expenses are driven by budgetary considerations. With tight budgets comes the necessity to exercise caution when spending. Here are some money saving tax tips for small businesses: Assess Tax Liability Tax liabilities differ according to the business

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Year-end Bookkeeping Tips for Healthy Business Financials in 2019

By Analytix Editorial Team

December 20,2018 0 Comments
Year end Bookkeeping Tips for Healthy Business Financials in 2019

December is a good time to take stock and assess your bookkeeping to-do list in preparation for your 2019 tax filings. However, the calendar year-end can be a busy time with other business management chores. Here are some practical year-end bookkeeping tips that can help streamline the financials and help businesses hit the ground running

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Financial Year-end Checklist for a Small Business

By Analytix Editorial Team

December 14,2018 0 Comments
Financial Year-end Checklist for a Small Business

Financial year-end activities almost always include streamlining business accounts for closing the books and tax preparation. Consider reviewing the following key activities before your small business’s financial year-end. Check Tax Obligations For every small business, there are several options to help reduce taxes owed. Review your deductions and expenses to ensure you have considered all

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Tips to Streamline Your Accounts Receivable Process

By Analytix Editorial Team

December 7,2018 0 Comments
Tips to Streamline Your Accounts Receivable Process

A streamlined accounts receivable system supports strong business financial health. Businesses often have unpaid dues that can quickly morph into overdue debt, eventually seriously hurting the business’s ability to make critical investments. Overdue client payments are often the first sign of poorly-managed account receivables. If business owners were to personally follow up on all collections,

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