Here are 7 Do’s and Don’ts of Small Business Growth:

Do Research

Start with doing research on other businesses that were at the same stage you are before entering growth mode.  How did their business compare to yours at that time? What did they do to take it to the next level?

Also, research your own business to understand what you may be capable of accomplishing with the resources you have available.  Take a look at all the analytics, stats, and accounting records that you have. How did your business do in the past? What sort of projections can you make on this data?  

Hiring outside professionals to help with research is common.  Experts like business advisors, accounts, and lawyers can help you make big decisions for moving your business forward.  Although they aren’t cheap, it is an investment as one small decision can be the difference between success and failure.

Do Set Goals

You must have goals!  Goals will help you stay on track for success, while allowing you to know if you are on track or not along the way.  Goals will also help the team around you understand where the business is at today, and where you plan on taking it with future growth.  Make sure all goals are realistic and measurable, so you can easily know if you are on track at all times.

Don’t Do Everything

Many business owners face the challenge of needing to be in control and do everything.  To grow your business, you have to grow a team and be able to delegate. It is just not possible for one person to do it all!  You will quickly become burnt out and lose the creativity that got you where you are today.

Hire people that you can rely on to get the job done.  These people can be employes or outside independent contractors.  You can even tap into other business owners to see if they can help directly or point you in the right direction of others that can help.

Do Get Written Agreements in Place

Never rely on informal agreements from business partners, lenders, employees, etc.  It is important to have all agreements formalized and in writing so all parties follow through without any concerns or worry.  

Do Get Customer Feedback

Your current customers will offer you the best and most useful feedback for growth.  Ask them to submit anonymous surveys or to write reviews.

Ask the following questions:

What does your business do well?

What could you do better?

What products / services are they happiest with?

What products / services could they go without?

Would they recommend your business to friends or family?

Do Look For New Customers

In addition to keeping your current customers happy, adding to your current customer base will be key for growth.  Bringing in new customers to buy your products / services will increase business revenue and profit.

Determine who your ideal customer is – where do they live, work, and hangout?  Where can you find them on the internet? How can you find more people like your ideal customer?

Don’t Rush to Hire

The hiring process can be one of the biggest challenges for a business owner and is one that many business owners try to rush.  You need help, you decide you will hire, and you want to get the process done and find someone as quickly as possible to keep things moving forward.  This often results in business owners hiring the wrong people.

Take the time to make a job description and list out all of the required skills and qualifications.  This will help you narrow down what you are looking for when hiring for this role.

Do not hire the first person you interview! A bad hire can set you back a lot of time and money.  Wait for the right candidate and do not waste your time on someone who may not be the right fit for the job. 

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If you’re a business owner, it will pay to get smart about your personal finances.  Here are some tips to help you:

Build An Emergency Fund

It is recommended that you have 3-6 months (after taxes) in emergency savings.  You may even want to have a larger savings fund for the business incase of a downfall, seasonal change, or other fluctuation.

We also don’t recommend investing your savings in the stock market or locking this money up in long term investments.  Make your emergency money easy and accessible when needed.  Knowing that your family is protected in case of emergency will allow you to better focus on running your company.  An emergency fund will give you peace of mind and allow you to make the right, confident decisions in your business.

Manage Your Personal Credits

You need to make sure your business has good credit, but that you also have good personal credit.  You MUST pay bills on time, even if it is only the minimum on your credit card.  You should also pay attention to your credit ratio, which is the % of available credit limits that you’re actually borrowing at any given time in the month.  If you can keep this below 30%, this will improve your credit score and help you with getting approved for personal loans.

Save For Retirement

Small business owner often invest profits back into the business and forget about retirement altogether.  Instead of doing this, saving for retirement can help you diversify your savings into a wider array or investment options: stocks, bonds, ETFs, and mutual funds.  Your business is most likely your biggest investment, and you don’t need to invest every dollar back into it.  

Invest Appropriately For Your Risk Tolerance

We recommend that you diversify your portfolio of assets that are appropriate for your risk tolerance.  Depending on your investment goals, you might want to invest a large percentage of your portfolio in stocks, so you can capture more of the long-term growth until you retire.  Stocks can be risky, but generally have the best potential for return on investment.

Seek Professional Help

Financial advisors can help you make informed decisions about your personal finance.  

If you can make these improvements to your personal finances, you will most likely be able to focus on running your company with the right mindset.  Having peace of mind about your personal finances will be truly priceless.

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Properly managed finances will keep you on track for success in your business and make sure you are hitting your goals.  Depending on what those goals are, there are plenty of ways to organize your small business finances.  Here are 6 steps we recommend:

Track Your Income

It’s important to know how much you make. You can track your income, monthly, weekly, or even daily so you can better understand how much money you’re bringing in.

Another benefit of tracking your income is that it allows you to monitor things better so you can determine if and how the numbers fluctuate. If you have a specific income goal, you’ll definitely want to start tracking your income regularly as well.

Using a bookkeeping service like BooXkeeping will help you keep your income organized.

Track and Audit Your Expenses

In addition to tracking your income, you will also need to track your expenses.  Most business owners have a lot of important expenses that need to be paid to keep the business running.

You will be able to deduct a portion of your expenses on your taxes to lower your income.  It will also lower the amount of money that hits your pocket. As a result, most business owners actually net a lower income than what they gross.

You can track your expenses the same way you track your income. Doing this will allow you to audit your expenses regularly as well so can make sure you’re not overspending on unnecessary costs.

A bookkeeping service like BooXkeeping will also help you keep your expenses organized.

Keep a Separate Bank Account

As soon as your business starts making money, you need to separate your finances.  If you keep your personal and business finances together in one account, it will very quickly become unorganized and something you regret.

You can avoid this headache by simply opening a separate bank account for your business. If you have an EIN number, you can open up a business bank account, or you can just open a separate personal account and treat it like a business account.

Make sure all of your income is going into the business bank account and also pay all of your expenses from that account.  Each month you will receive a statement to track your cash flow, and if you hire a bookkeeper, they will be able to focus on the income and expenses from this one account.

Protect Your Business

Each business requires its own level of protection, but you may want to consider getting some insurance or establishing an LLC or an S-Corp. Establishing an LLC or S-Corp allows you to separate your business identity and finances from your personal finances.

For example, if your business ever had any legal issues your personal property and assets will not be liable.

Consider How You’ll Receive Payments

You want to make receiving payments easy for customers who owe you money. To do that, you need to determine how you’ll accept payments. Making this choice depends on how your business works. If you’re providing a service, you may want to send invoices out regularly. If you sell products ad accept credit cards, you may want to set up a payment portal at your business.

Make sure to check the fees for different payment methods and weigh out what works best for you.

Digitize Your Business

It is easiest to stay organized if you keep your business digital.  This is also best for security.  You will want to make sure you keep the following:

• Accounting and bookkeeping records
• Bank records
• Contracts, including leases and purchase agreements
• Trademark applications and patents
• Permits and licenses
• Employee records

Schedule Regular Money Meetings

As a business owner, you should review your finances regularly.  Income and expenses fluctuate, so it’s best to stay on top of things by reviewing and checking in often.  Add a weekly or bi-weekly meeting to the calendar to review financial records and make sure you aren’t falling behind on things.

Businesses that lose track of finances risk letting debt creep up on them.

The post 6 Tips to Keep Your Small Business Finances Organized appeared first on BooXkeeping.

With limited resources compared to larger companies, it is key to determine the right strategies and tactics to make sure you succeed. By combining proven techniques, efficient methods, and convenient tools, ensuring the consistent growth of your business can be accomplished in no time at all. We summarized the 5 main key elements for successful small business growth for your below:

Tip 1: Data Driven

Measuring tools are important so you can accurately quantify how much progress has occurred. By having quality data, it’s easier to make decisions to grow your business.

Segmentation/Targeting
-Use reliable tools such as Customer Relationship Management system or CRM data.
-Track your web analytics from trusted sources like Google.
-Always make sure that your revenue data and bookkeeping is up-to-date.

Results Dashboard
-Place all your Key Performance Indicators (KPIs) in one convenient location.
-Avoid manual data integration, which is time-consuming and prone to errors.

Opportunity Forecasting
-By identifying variables and statistical data, perform a predictive analysis for your business and set your goals
-Do not forget to evaluate results and compare them to the current ones in use.
-Keep in mind that decisions should always be based on established facts and verified statistics, not just by your judgement.

Tip 2: Flexibility

Compared to large companies, small businesses are always affected by inevitable challenges. Learning how to manage your business amidst challenges, whether the economy slows down or you are hit with a natural disaster, is essential.

-Assess the current state and condition of your business.
You cannot amend to changes or think future initiatives if you don’t understand and know the present situation of your small business.

-Don’t be afraid of changes. May it be a minor process correction, major organizational revamp or a huge structural reform, embracing change is the key towards an agile and adaptive business.

-Be flexible enough and leverage technology tools that will help you manage your business better. It preserves your competitive advantage by keeping innovative ideas and following latest business trends.

Tip 3: Customer Loyalty and Acquisition

Nothing is more important than maintaining a loyal following of customers. With so many new tools, this is easy to accomplish with the help of social media sites such as Twitter and Facebook. But don’t forget the good old trusted methods of drawing in customers.

-Let your loyal and recurrent customers feel that they are valued by providing rewards programs. In addition to building loyalty, you could also use your existing customers and provide incentives to help attract new ones, whether it’s buying one get one free or a discount.

-For those who have tried your product or services, ask them for honest feedback. Other customers often look at online reviews before making purchases.

Tip 4: Proper Budgeting

Increasing sales and bringing more money to the cash register is good, but without proper budgeting and understanding expenses, you don’t have a full view of your actual performance. If you want to guarantee the success of your business, always stay one step ahead of your expenses. Use specialized tools or software to efficiently supervise and have a good control over your operating budget.

-Identify the “Must Have” and “Nice to Have”

-Always prioritize the must-haves like electricity bills, rent, salary and other essential expenses.

-Ideally, you should have several months of advance payment to cover these operational costs.

-Consider your risks and potential losses

-Think about the roadblocks, untimely expenses and financial challenges inherent to your business.
Identifying business risks allows you to plan a realistic budget by acknowledging these potential setbacks.

-Hire a bookkeeper. We at Booxkeeping can help!

Tip 5: Employee Management

Don’t just hire anyone. Take special precautions when employing workers by carefully screening each and every candidate. If you can’t beat the salary packages and attractive benefits of big time companies, let your employees feel they would be more valued and have a pleasant work environment.

-Follow the minimum requirements of the job, providing exemptions but with restrictions.

-Mentor your employees to minimize mistakes, avoid errors and to promote job satisfaction.

-Show your leadership skills by following business goals, vision, mission and target objectives.

-Eliminate all distractions that can affect productivity but allow your employees to de-stress and refocus.

-Resolve disagreements and misunderstandings professionally, actively listen to your employees and always treat them with the utmost respect.

Growing your small business is always easier said than done. But with right planning and implementation of strategic methods, this can be achieved with flying colors. Remember not to rush things and always identify the key elements that can make or break your business. Stretch out your resources and create feasible plans to ensure a stable growth over time.

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But it does not have to be this way. The secret is a ruthless focus on productivity. Here are our top six productivity hacks:

1. Leverage your technology
Most businesses have moved from paper to technology to manage their schedules and priorities, but we still see many small business owners using paper tools to organize themselves. They may feel that they have more control and flexibility with paper, but the truth is that technology is far better at managing our time than paper. Tools like MS Outlook and Gmail have calendars and task lists built in, and are designed to help you to stay organized at your desk or on the run. Your schedules can sync to your phone, meaning that you are always on time and in control.

2. Use one organizing tool
If you do use technology to organize yourself, make sure you centralize all of your work into one organizing tool. I believe that your schedule and task list should operate together, as both types of work require your time to get done. Again, MS Outlook and Google calendar can show your tasks alongside your calendar to give you a more holistic view of your workflow.

3. Manage your inbox
Your email inbox is a workspace, not a storage space. Don’t use your inbox as a filing system, and try to clear your inbox at regular intervals. If you have a messy inbox, actions may slip through the cracks, and possible sales, opportunities or commitments may get forgotten. I teach clients to get their inbox to zero weekly, which gives them much more control and clarity when dealing with their email.

4. Plan your week
Making time to plan is a critical discipline in small business, yet many of us feel too busy to plan. We think planning is time ‘out of action’. But if we don’t plan our time and priorities effectively, we end up working on the wrong stuff, working reactively and often having to do rework as mistakes are made. Build a weekly planning routine of 30-45 minutes to review last week, organize next week, anticipate what is coming up in the weeks ahead, and realign what you are working on with your goals and objectives.

5. Reduce the noise
In the email age, we are constantly being distracted by incoming messages, interruptions and what I call ‘noise’. When the noise levels build up, it makes it hard to focus on what is important. So, turn off your email alerts, set up email rules to delete or file non-critical emails, and try to protect some ‘focus’ time in your week for thinking and concentrating.

6. Meet with purpose
Much of our work gets done in meetings, where we collaborate and work with others. But if those meetings do not have a clear purpose, they can be a huge drain on the time in our week. So be ruthless with the meetings you accept. Be clear about the outcomes to be achieved, and what you need to contribute or get out of the meeting. Lastly, try scheduling shorter meetings for greater productivity. One hour is our default mindset around meeting durations, but most meetings could take 30 minutes and achieve just as much.

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That could be the case for a variety of reasons. You may be very disciplined and good at setting aside time each day to log your financial transactions and reconcile your accounts. Maybe you don’t need expert guidance to gain a clear picture of your business’s financial health. If this sounds like you, kudos — you are on top of it and ahead of the pack. If that doesn’t sound like you, it might be time to bring in some extra help. Here’s how to go about making the decision, along with a few guidelines for hiring the right person or company.

If your small business is just getting started or if you are a freelancer and view it as a side hustle, it may be premature to hire a bookkeeping and not the best use of your valuable income. 

This may apply to you if:

-You’re in the first year of your business as a freelancer.

-You haven’t incorporated your business.

-You don’t have any sales.

-You have low volume financial activity.

-Because of low income form the business, you are operating your finances from you personal bank account.

-If you answered “yes” to any of the above, you are most likely fine handling your own booking for now.

If, however, you’re finding that what were once manageable financial admin tasks have now became overwhelming amounts of record keeping, tracking, and paperwork, you may want to get some help.  Here are the signs that you should hire a bookkeeper:

You’re Scrambling at Tax Time

Are you pulling everything together last minute at tax time?  40% of business owners say that accounting and bookkeeping are what they dread most about running their business.  The average person spends 13 hours on their taxes each year and that typically doubles to 24+ hours for business owners!  If you are spending significant time on this, it is time to bring in help.  This time can be better spent in other areas of your business.

You’re Running Your Financials Out of a Shoebox

Depending on your business, you may need to record your financial activity on a monthly, weekly, or even daily basis.  Many business owners take the risky approach of letting their receipts, statements, and invoices pile up without recording them.  This method is a disaster and you can easily lose track of important information that you will have to go looking for later.  A bookkeeper can handle these tasks and tie transactions back to clients to ensure you aren’t missing any important information or don’t have any cash flow issues.

You Pay An Accountant To Do Bookwork

There’s a common misconception that if you have an accountant, you don’t need a bookkeeper.  You need both.  There is a difference between the two but when it comes to tax time a lot of small business owners have their accountant scrambling to do things that are really a bookkeeper’s responsibility.  If you show up with a box of receipts and they need to spend hours reconciling your books before they even get to filing your taxes, you most likely need a bookkeeper.

You Aren’t Sure How Your Business Is Doing

Do you know what your revenue was last month and what your costs were?  Do you know your bottom line?  A bookkeeper can provide you all of these details so you can stay up on the trends of your business.  

You Just Paid a Ton of Taxes

Many freelancers and small business owners who pay their estimated taxes quarterly are still surprised to find out that they still owe more at year’s end.  Having a bookkeeper will help you stay on top of this and help mitigate your tax liability.  Organized books can also help your accountant identify opportunities for tax breaks and write-offs.  

The post Small Business Owners and Freelancers: When To Bring In Bookkeeping Support appeared first on BooXkeeping.

Assess the Financial Damage

Step number one is digging into the numbers to determine how deeply your small business has been affected by COVID-19.  It is important to start by making sure your financial statements (profit and loss) are up to date prior to evaluating the hard numbers.  You can compare this year’s numbers to last year’s numbers to see how much your business is down.

In addition to looking at the numbers, it is important to assess other ways in which your business has been affected.  For example, if you had to lay off employees, you will need to take that into consideration when thinking about your rebuilding plan. If you have cut marketing spend or have lost some customers to competitors, you must also think about this when identifying financial resources to help you recover.

Take a Look at Your Business Plan

Your business plan and model may have been working great prior to COVID-19, but with so many changes happening, you may need to make some updates when considering adjusting to the new normal.  If you are a bricks and mortar company, you may want to look at digital expansion to accommodate people who will be shopping online from home.

It is important that you get clear on your businesses strengths and weaknesses.  Look at what was working before but may not work now and figure out a solution.  We also recommend reviewing your business goals and revenue targets to make sure they are still realistic.

Consider Funding

Unless you had a large amount of cash on hand prior to COVID-19, you may need some funding to help kick-start your business operations.  There are several options to look into for businesses right now.

Revamp Your Budget to Account for New Spending

It is important to realize that coming out of COVID-19, you may need to make some investments in your business to get ahead again.  You may need to spend money on hiring or training new employees, or even re-training the ones you laid off.  You may need to increase your marketing budget to re-build the brand and create awareness in the market.

As a part of your recovery from COVID-19, you should have a clear idea of what you need to budget for and where you can make cuts to optimize revenue coming in.  The goal is to get your operating budget as lean as possible and to invest in areas of potential growth.

Develop a Time Line

There may be a ton of ideas in your head around things that you need or want to do post COVID-19, but doing it all at once my not be realistic.  We recommend creating a timeline to prioritize the most important items first.  We also recommend tracking your progress.  This will help you focus on the right activities to move your business forward.  Evaluate your business on a weekly bases and review your business financials often to make sure you are on track.

Create a Plan Incase of Another Crisis

Although COVID-19 may be a once in a lifetime event, it is important to now be aware that crisis can happen and be prepared for the possibility of it.  Focusing on building liquid cash and cutting operating costs are a good place to start.  The more out of the box thinking you can do to prepare for the worst, the better.  Having back up plans will improve your odds of surviving and help your business get back to thriving much faster.

The post 6 Ways To Rebuild Your Small Business After COVID-19 appeared first on BooXkeeping.

DEVELOP A COMPANY CULTURE

Adopt a strong company culture that will keep your small business team together throughout growth. Answering these questions will help develop your cultureL

– What is the reason for existence of your company?

– What is the reason you do what you do?

– What does the company believe in?

– What are the company values?

– What is your company’s vision and mission?

When there is a connection between you and your workers, they are more likely to stay loyal and stick around.

HIRE THE RIGHT PEOPLE

Hiring the right people is key as employees can make or break your business. To be successful, you need to hire people who have the proper knowledge, but also align with the goals of your company. Also keep in mind, the employees you choose when you are young may not be the same types of people you hire in later stages of growth.

FOCUS ON INNOVATING IN THE RIGHT PLACES

A lot of business owners find themselves tempted to spend time on improving products or innovating new products. It is important to focus on customer service and sales first and foremost.  Sales are a must for revenue but keeping your customers happy and retaining early customers will be the foundation to your growth.  

NEVER NEGLECT YOUR EARLY CUSTOMERS

Focusing on retaining customers is more important than spending time getting new customers. Get their feedback and build a relationship with early customers. Use feedback to make improvements to the business and ask your loyal customers for referrals.

BUILD BRAND RECOGNITION

Always build a brand! Your current and potential customers should be able to identify your logo, advertisements, packaging, products, and slogan.

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A great accountant or bookkeeper

In previous years, there has been a misconception that an accountant or bookkeeper just deals with figures, numbers and financial accounts. This was true at that time. But today, they have evolved into business advisors or virtual chief financial officers. The emergence of technology now provides a total visibility of your financial books in real time. An advisor helps to reveal the setbacks in your business as well as unfold opportunities you could grab onto that would boost the success rate of your business. These advisors help you sprout, prosper and build long-term sustainability. Your accountant or bookkeeper will help save you the stress of fixing your financial accounts which would provide chances for you to focus on other important tasks.\

A strong banking partnership

Every business started with cash and is being sustained with cash. You will need a strong relationship with a financial provider to access capital for your business and fund its operations. All small businesses need to have control of their finances and understand inflow vs. outflow. Many business collapse because they fail to control their expenses. The present day technology connects daily bank feeds with your accounting software. Ifa relationship exists, some banks may approve business loans with a lot of cash in a day of applying without paperwork or collateral. Quick access to capital goes a long way to make a difference between growth and stagnation, success and failure.

The best technology

Cloud technology has changed the world of small business, offering capabilities that were once the province of large enterprises. That includes mobile point of sale systems, e-commerce storefronts, and real-time tracking of shipments. In fact, this technology is in many cases better than that of big businesses. It’s more flexible, easier to use and is improved more frequently through regular updates. And it allows small businesses to appear big. You can now run your business from anywhere and be digitally connected to your customers, your advisor, your bank, your suppliers, and government agencies. One of the most useful tools available are e-invoices. These e-mailed bills will alert you when a recipient has viewed the invoice, and they can send a friendly reminder to payees before and after the due date. This type of automation frees business owners from the tiresome work of chasing payments. Our own analysis of hundreds of thousands of Australian invoices shows that e-invoices tend to be paid 33% sooner than traditional invoices. And as the old saying goes, time is money.

There’s no substitute for business acumen and a great service or product. But those ingredients alone won’t guarantee a profit. The smartest small businesses will build a sturdy framework that rests on technology, banking relationships and a trusted accountant or bookkeeper. With these three pillars, you’re building for the long run and boosting your odds of success.

The post Three Success Metrics for Small Business Owners appeared first on BooXkeeping.

For a business to grow and be successful, accurate bookkeeping is important since it helps to give a clear picture of the financial standing of the business, and is also necessary for accurate accounting. Accurate bookkeeping could save a business from so many financial issues, including legal ones that could be very unfavorable.

For a while now, there has been some kind of evolution in the way bookkeeping is practiced. Due to the introduction of new software and technology, people in need of bookkeeping services can now have a one-on-one online conversation with an experienced bookkeeper that understands their business. This innovation is definitely a game-changer and it has so many benefits over the traditional way of practicing bookkeeping.

This innovation is no doubt beneficial but choosing the right people is very important if you want your business to harness all its benefits. The importance of bookkeeping to businesses cannot be overemphasized and that makes it wise to go for the best. One of these companies offering the best of this bookkeeping service happens to be BooXkeeeping and it is one of the best out there.

What is BooXkeeping?

BooXkeeping is a company that provides outstanding bookkeeping services to small and medium businesses throughout the United States. They help you get accurate financial records of your business without you investing extra time and effort. They have a team of professional and knowledgeable staff ready to offer you a service tailored to your needs.

Benefits of Using BooXkeeping

–On-Demand Bookkeeping Services: The main purpose of this innovation is to make getting access to or hiring a bookkeeper easier and that is exactly what BooXkeeping provides. Anytime you want, there is always a team of professional bookkeepers waiting to offer you the best bookkeeping service there is.

–One-on-one conversations with an experienced bookkeeper: BooXkeeping offers one-on-one conversations with an efficient bookkeeper. This way, you can get better financial insight into your business and it also creates a semi-intimate relationship between the client and the company staff.

–A Year-Long Access: As a BooXkeeping client, you get access to a bookkeeper who sets up your books all year long.

–Personalized advice and answers: Through video chats, you can ask specific questions and advice relating to the financial aspect of your business.

–Sharpest Bookkeeping Experience: BooXkeeping offers an unmatched bookkeeping experience that leaves you satisfied in a relatively short time. There is no beating around the bush – you get exactly what you want when you want it.

–Tailored Services: Every client wants something different and that is why BooXkeeping services are tailored to each specific client’s needs. By being able to communicate directly with professional bookkeepers, you can give specific instructions and that enables their team of capable bookkeepers to be able to serve each client better.

–Time Saving: Using BooXkeeping is time friendly. While the record-keeping of your finances are being handled by professionals, business owners can focus on other aspects of the business. It is also time saving in the sense that BooXkeeping always keep to time and they always deliver

–Good Prices: Compared to so many other similar prices, BooXkeeping provide their services at relatively cheaper prices. The prices are competitive and reasonable for the good quality of work their team of professionals does.

–Enhances Business Growth: The quality of work done by the BooXkeeping team will definitely have a positive influence on the growth of the business if the business owners take note of feedback and take heed to the pieces of advice given by the team of professionals. Having access to the most efficient bookkeepers, you could find anywhere is very good for business growth. The prices are also relatively cheaper, so, that makes it a more better choice than any other prices out there.

How It Works

Getting started is very easy. All you have to do is sign up for their services of your choice via the website. According to the website, you can get started by following the company Bookkeeping Process which consists of just six steps. According to the website, these six steps are:

Step 1 – Complimentary initial consultation with one of our Chief BooXkeeping officers.

Step 2 – Customized bookkeeping plan to reflect the specifics of your business models and needs

Step 3 – Upon signing of the proposal, transfer of financial data to our team via 3 easy ways:

1-Exchange File Software (such as DropBox) with 128-bit SSL encryption and password protection to keep your files safe and compliant with state privacy laws and with international best practices for handling sensitive information;

2-Fax (we don’t recommend using emails for sensitive data);

3-FedEx or Certified US Mail (once received the information will be scanned)

Step 4 – BooXkeeping Team will work on your financial statements, making sure that the Debits always stay on the left and the Credits on the right

Step 5 – We will send you the list of uncategorized items to review and adjust.

Step 6 – Once you receive the information, a member of the BooXkeping Management Team is available for any questions regarding your Financial Statements.

And that is it! In just six easy steps, you can become a client of one of the best bookkeeping companies there is.

BooXkeeping offers a wide range of bookkeeping services and you are free to choose whatever plan you want. They also have sample plans you can view before you commit to anything. These sample plans give you a very good idea of how much you will be paying and the services you will be getting at a particular price.

It is obvious that the art of bookkeeping is changing. A better option is now available and BooXkeeping, which is one of the best, is offering that option. BooXkeeping is definitely ahead of the game.

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