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Hiring a Bookkeeper - Complete Controller

Accounting in a small business can be a challenge. Most of the time, small business owners wear many hats in the company, and when it comes to keeping the books, mistakes can be made, and data can fall through the cracks. Though there is lots of excellent bookkeeping software out there, at some point, most small business owners will realize they need to hire a bookkeeper. Before you hire a bookkeeper, there are a few things you need to consider. Here are three questions you need to ask yourself before hiring a bookkeeper. Check out America's Best Bookkeepers

Do I Need a Full-Time Bookkeeper?

Most small businesses will not need to employ a full-time bookkeeper, but some will be the exception if the daily inputs are extensive. If you need a full-time bookkeeper, you will need to go through the recruiting and hiring process. You will want to find a certified bookkeeper with experience in small business and preferably with experience specific to your business type.

If you don’t need a full-time bookkeeper, you may want to consider hiring a freelancer or a firm that will send a bookkeeper; however, you often agree you need one. You must determine your needs to understand what you need when it comes to a bookkeeper. Check out America's Best Bookkeepers

What is My Budget for a Bookkeeper?

Because most small businesses are low on capital, especially in the first few years, it is essential to determine how much you can afford a bookkeeper. This determination will help you figure out if you can afford a full-time bookkeeper or other bookkeeping options.

If you are on a lower budget, most freelancers tend to be a little less expensive, but you are on their schedule more or less. The flexibility can make it easier for you both when it comes to availability. If you can afford a full-time bookkeeper, while it will be the most expensive option, having the books handled daily will ensure no errors or discrepancies and make a difference when filing taxes or getting financing.

If you can afford something, a little more middle-of-the-road hiring a firm that would do your books regularly might be right for you. They are more on the expensive side from hiring a freelance bookkeeper, but they have a staff of bookkeepers, so you would have them when you needed them without hiring a full-time employee. Check out America's Best Bookkeepers

Have I Fully Considered Bookkeeping Software?

Accounting and bookkeeping software has come a long way, and multiple tremendous and affordable choices have all the features you need and have been made user-friendly. You don’t have to be a certified bookkeeper to learn how to use the software, and as long as you are right about inputting data, it will be accurate and reliable.

When choosing software, however, you need to consider what your needs are. If you need basic bookkeeping, there is free software that can do the job. However, if you need to cover inventory and payroll in your software, you will need to choose more robust features.

The other thing to consider is whether you want to use cloud-based bookkeeping software, which gives you the flexibility to access your company’s books from anywhere. It also will give you the ability to share it more quickly should you do a combination of using software and hiring a professional.

Conclusion

Every business needs a bookkeeping system. As the business owner, it is up to you to determine how to fulfill bookkeeping needs. You have to determine a budget, time, convenience, and other bookkeeping needs before you proceed with hiring a bookkeeper or implementing bookkeeping software.

Check out America's Best Bookkeepers About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity. Check out America's Best Bookkeepers
Stretch Your Budget - Complete Controller

As part of a financial management tool, the budget is considered a fundamental management tool. Therefore, it is of the utmost importance to plan for current expenses and the future by allocating income accordingly. It is always prudent and recommended for business owners to add a cushion or a buffer percentage to the existing budget in the business industry. If market economics dynamics remain constant, the incremental buffer amount will simultaneously augment the revenue output. However, if the business is vulnerable to the macroeconomic scenario and any adverse effect on market dynamics, then this buffer amount will act as a protective shield from any negative financial impact. Check out America's Best Bookkeepers

When speaking of small businesses, they are usually start-up organizations, sole proprietorships, or partnership firms. As a rule of thumb, the first-year budget should be based on realistic grounds. Expecting an exponential revenue stream in the initial years of the business is lofty at best. These entities are usually on a tight budget, especially in the first year of operation. There may be various revenue sources, and as soon as the business operations increase, the revenue stream plots a high course. Remember, as an owner of a small business. The firm will most likely lack capital and adequate resources. Therefore, the probability of having a low-cost and high stream in the early years incorporated into the budget will produce a disappointing outcome. Understandably, small business owners who dip into their own cash and capital to start business operations will often have to meet the overhead and other expenditures through their own resources. However, exhibiting patience will bear financial fruit. Eventually, the shrewd businessperson will see that operations will slowly meet the breakeven point and subsequently start to see their business generating revenues and profits. Check out America's Best Bookkeepers

The initial phase of the business is probably the toughest path to tread. When starting operations, it is recommended that the owner seeks advice and counsel from social, networking peers. The rationale behind this is that when you start draining capital and cash in situations of political or economic turmoil, this network of peers will be the first ones who can come to the rescue. External finances and non-financial sources can be funded through them. It is imperative that you also leverage the opportunity to seek assistance from friends, neighbors, and relatives to help you in your business or other business-related necessities. It is vital to use a polite tone, particularly when you seek help from friends to provide volunteer services in your business by packaging, shelving, decorating, or perhaps handling customers at the counter. These are all non-cash expenditures and would normally cost you money yet could be filled without affecting your budget. Check out America's Best Bookkeepers

In the early days of the business, these family and friends surely provided ample moral support, so if all goes well, they will also appreciate helping on a volunteer basis. However, do not take them for granted, and once the business starts yielding profit, you can start paying them incentives or wages to help the business move forward. Furthermore, various friends and relatives in your network may be experts in finance, taxation, or inventory management. Although they may not be powerful in pooling financial resources, they can surely help the business by setting up a formal management structure.

Investing in a fledgling business or partnership and expecting immediate profits is a little far-fetched for an owner. A wise businessperson will always aim to expand business operations or the distribution footprint of the organization. When advertising and promoting new deals, which is an expensive proposition, always take advantage of a social media platform to reach your audience. In this tech-savvy era, kids are quite educated and can lend a hand or spread the word through social media websites.

Check out America's Best Bookkeepers About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity. Check out America's Best Bookkeepers
Conquer Your Debt - Complete Controller

How does this happen? It seems that you wake up one day and realize that your debts are greater than your income. Perhaps it was the new car, which caught your attention by advertising “no interest” fees? Or maybe that dream home was just too perfect to pass up.  Or you may be faced with unexpected medical expenses that could not have been anticipated.

You or your partner may have recently lost your job and must live on just one salary or none while trying to keep up with your debts. This enormous pressure may leave you feeling depressed, anxious, or perhaps even hopeless.

But wait, there is a way out! There are many answers and solutions available to help you crawl out from under massive debt. While it may not be quick and easy to achieve, there is life after debts! Check out America's Best Bookkeepers

Positive steps to change the way you deal with debts

Let us move forward with solutions for your financial crisis. In this article, we will discuss some simple points to get out of debt and achieve financial security:

  1. Do not borrow

Resist the temptation to live above your means. When trying to get out from under debt, any expenses should be limited to needs, not desires or cravings. Temptations are everywhere. You may have had the thought, “Why wait if I can just have it right now?” Or maybe lured in by the statement, “It can be yours for only three simple payments of …!” You must have the discipline necessary to avoid frivolous spending.

  1. Establish a viable budget

Having a healthy budget is vital to getting out of debt. If you share finances with a partner, sit down with them and organize the budget together. You both are a team and must each be active participants in this issue. You must both be aware of where your money is going (every penny). Check out America's Best Bookkeepers

The bigger the debt, the tighter your budget should be. Focus on your basic needs: food, a place to live, transportation, and healthcare should be the main expenses considered.

Restrict visits to restaurants and other unnecessary spending. Objectively evaluate your subscription services. Eventually, you will realize that these are not essential during a financial crisis. It may be difficult but making wiser spending choices is crucial.

  1. Reserve an emergency fund

When creating your budget, reserve funds for the unexpected by developing an emergency fund. When this fund is established and an unexpected receipt or emergency arises, you will have the means to resolve it without going over budget. Keep in mind; it may take great discipline to use this fund exclusively for emergencies.

  1. Sell

Many people in Western countries have attics, garages, basements, closets, and even storage sheds filled with belongings they no longer use or need. Consider turning those objects into cash to help pay off your debt. You would be surprised at how much you can earn at a garage sale or a flea market. Check out America's Best Bookkeepers

If you are paying for a car that is above your means, it may be a good time to sell it and get a more affordable one. You can find excellent prices on reliable vehicles from previous models. Be objective when evaluating your wants vs. your needs. Remember, this is a temporary situation if you can learn to control your expenses to free yourself from the burden of debts.

  1. Work

If you can, consider working overtime at your company or look for a part-time job. There are plenty of temporary jobs out there, such as cleaning homes or cutting grass. Perhaps you are handy around the house. In this case, distribute flyers offering your services around your neighborhood.

It may take hard work and long hours, but overtime at your job will help if you are seriously determined to get out of debt. Again remember, this is a temporary situation.

  1. Education

With the labor market constantly evolving, it is important to consider furthering your education. Many universities have created evening programs that cater to working students. You may also be eligible for scholarships or grants that are available in various fields.

Check out America's Best Bookkeepers About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity. Check out America's Best Bookkeepers
Saving for Retirement - Complete Controller

When you finally reach the age of fifty or sixty years old, you will most likely be ready to start thinking about retirement. With less energy and declining health as you get older, it is important to be able to put aside money for yourself in the future.  Consider what a struggle it would be to reach a point in your career where you can no longer work and have nothing left in savings. What a nightmare.

The main obstacle you may be facing now with trying to set aside income for your future is taxes. You are expected to pay taxes on almost every expense, and a percentage is taken out of your paycheck automatically, and typically, most people will pay taxes annually as well. There is, in fact, a way to lower the amount you pay and tools you can use for reducing the amount that comes out of your income if you set aside an amount and do not touch it until retirement. Check out America's Best Bookkeepers

Did you know that people who successfully set aside a retirement fund can even enjoy life well into their later years? Listed below are tips to fund your retirement so that you can be one of these people seen living the dream.

Budget

You can start cutting your expenses today. Make sure you are setting aside money and only making big purchases when you need them and can afford them. A good budget and strategy chart out income, expenses, and goals so that you are organized for the best future possible. 

Municipal Bonds and Funds

Income distribution and the many you can receive from municipal funds and bonds do vary from state to state. However, all municipal funds are alike in that they are not subjected to federal income taxes. For this particular reason, the interest rate is much lower. This means that you can set aside tax-free dollars if you put them into a municipal bond. Check out America's Best Bookkeepers

When it comes to the secondary market, there are many financial gains and opportunities involved in buying and selling municipal bonds. There is no cap to the amount of income you can invest in these bonds, so for those who can afford it, it may be a smart way to ensure financial stability when planning for retirement.

Roth IRA and Traditional IRA

One of the most popular retirement investment opportunities in the tax-free savings accounts that you can contribute to with tax-free dollars while earning a living. It is never too early to start putting money in an IRA account and allow your money to grow and be untouched by taxes until your retirement.

Health Savings Account

Opening a health savings account is a decent way to establish financial security and an important part of saving for your future. Most companies have policies in place for you to use tax-free dollars towards your health expenses. You can set aside a specific percentage of your income, and it is sometimes even matched by your employer. It allows for the unforeseen and escalated medical costs that may come up now or in the future. Check out America's Best Bookkeepers

“Turbo Roth” or Indexed Universal Life Insurance

Another of the greatest tax-free retirement strategies you can make the most of is Turbo Roth or Indexed Universal life insurance. The name takes its root from the accounts feature; it shares the profits of 401k. It is a great idea to choose Roth insurance because it provides a death benefit plan to protect your family, and you get to build money value throughout your life.

 

Plan ahead now so that you can live your dream or take on another business venture when you become eligible for retirement. Whether your dream is to write a book or sharpen your skills, start thinking now about the best ways to save.

Check out America's Best Bookkeepers About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity. Check out America's Best Bookkeepers
Business Debt - Complete Controller

We all have had to face debt at one time or another if we have ever had to take out a loan or buy anything on credit. When it comes to business debt, there is no difference. When it comes to debt and business finances, some can keep this debt under control. In contrast, others can lose control of it and run themselves out of business. Whether trying to get rid of your business debt quickly or trying to get out from under heavy debt, you will need to use some financial strategies. Here are six business financial strategies that will make you debt-free. Check out America's Best Bookkeepers

Reduce Expenses

While reducing expenses may sound like a no-brainer, many business owners and staff allow expenses to get out of hand. Reducing business expenses is no different than what you might do to reduce expenses in your finances. As with any budget, you have to take a close look at where all your income goes. While there may be significant differences in what the company spends and what an individual might spend personally, how you handle your finances should be the same for reducing spending. If your budget is tight, consider cutting expenses that bring no value to the company’s operations.

Pay with Cash on Hand

Just as with personal debt, business debt can often trace back to loans, the use of credit cards, and other sources of business finance that include long or short-term payment plans and interest. If you find that your business is becoming buried in this type of debt, you should choose a period that you only use cash and profits on hand to cover expenses and payroll. Taking on more debt to pay debt can cause a cycle of debt that cannot be overcome. Check out America's Best Bookkeepers

Creditor Communication

While it is common for small business owners to have financing that produces debt and creditors, some owners may not know the advantages of cooperating with those who hold their debt. If your business is doing well and the debt you carry is under control and paid down steadily, nothing needs to be done to your creditors. However, suppose your business debt becomes overwhelming and seemingly impossible. In that case, many owners don’t know that by merely communicating with your creditors, you can get your debt reduced or, in some cases, even eliminated.

Rework Your Budget

While having a budget is and should be a vital part of your company’s business plan, it is not something that you can prepare and leave. It needs to be reworked regularly when the business grows or finds shortfalls in spending versus profits. Revising your budget doesn’t have to be an overwhelming chore. It can be as simple as adding or removing line items or ensuring that expenses you eliminated are depicted on the current budget plan. It may help to look at your budget as a living, breathing thing to stress the importance of reworking as changes occur. Check out America's Best Bookkeepers

Consolidate

Debt consolidation is commonly used in both personal and business finances. It is a simple yet effective way to get debt under control or removed quickly. While it is not recommended to take on yet another loan, if your business credit is in good standing, you may qualify to get one lower interest rate loan to pay off all your debts, thus leaving you with one monthly, more controllable payment. If you don’t qualify for such a loan, you may be able to reform a current loan to pay off other debts, or if you have a credit card with a lower interest rate and a limit that will cover your debt, you can create the single payment yourself. If attainable, debt consolidation is one of the most effective ways to get your business out of the red and into the black quickly.

Hire a Professional

Some professionals and companies were specifically created to help individuals and businesses deal with debt consolidation or removal. When choosing a professional, it is best to use an individual or firm with an excellent reputation. While hiring an expert will come with a fee, in some cases, the fee is a small price to pay to get your business out of debt.

Conclusion

Business debt is natural, so you don’t need to worry or feel like you have failed somehow. Use these six strategies to get yourself out of debt, and your business will quickly be on the road to success.

Check out America's Best Bookkeepers About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity. Check out America's Best Bookkeepers
Hobbies on a Budget - Complete Controller

People who are on a budget need to think repeatedly before spending a single penny. These individuals usually think that it is hard for them to have fun because everything comes with a price, but that is not true at all. Not every hobby requires money, while others can demand millions of dollars to enjoy. There are inexpensive hobbies that a person on a tight budget could enjoy: Check out America's Best Bookkeepers

  1. Blogging

A person who loves to write could start a blog and start writing today. This kind of writing provides the person with access to numerous readers without spending anything beyond their general utilities.  Similarly, there are free blogging platforms provided by Google and WordPress.

  1. Reading

It is the best hobby in the world because it allows a person to live many different lives. A history book lover lives a life of kings and rulers, a novel reader feels the soul of the characters, a science person looks at the world from the researcher’s eyes, and the list continues. Reading books from the library is usually low-cost and allows a person to access and read countless books. eBooks and online literary resources are also inexpensive and can fulfill the reading crave anywhere there is an internet connection.

  1. A Tech-Geek

No, a person doesn’t need to learn from a university to become a tech-geek because the computer itself is an excessively big source. The Help tab in software programs is key to solving problems and obtaining answers, but most people do not bother to open that option at all. The Internet also provides solutions for just about everything. Just type the desired question or keywords into any search engine and learn new methods and processes.

  1. Drawing

Painting, doodling, sketching, and coloring can express his creativity when drawing becomes a hobby. One can sketch like a pro by following the simple tips that are present on the internet. Check out America's Best Bookkeepers

  1. Learn a Language

There are so many available language resources online that can help a person learn languages. Even if it is not the complete language or fluency, a person could learn so many new words and phrases.

  1. Running

Adopt this activity not only as a hobby but to be healthy as well. It can be done anywhere—no need for fancy equipment, just your legs, and energy.

  1. Cycling

Another hobby that keeps a person healthy is cycling. It is unnecessary to buy a new bicycle; an old or used one could do the job. This hobby allows an individual to explore their neighborhood or local parks with ease.

  1. Urban Exploring

There are many places in cities that most people do not visit, but they are worth investigating. Exploring an old tunnel in the city or watching a sunrise on the highest bridge could be a wonderful hobby to enjoy.

  1. Surf the internet

From infants to the elderly, the internet is the best source of fun and information with a little something for everyone.  Read forums, go to Reddit, or explore whatever interests you. Check out America's Best Bookkeepers

  1. Free Online Videos

YouTube is the biggest source of free videos and provides entertainment and knowledge. Many people upload videos every day on this platform. Watching these videos to gain information could be one of the easiest and inexpensive hobbies.

  1. Free Online Games

For game lovers, free online games are a great hobby. The best thing about online gaming is playing with a contender who could be sitting next-door or across the world.

  1. Online Poker

Do not go to casinos when you can now test your luck online. There are online poker sites that allow the person to earn in real-time but be forewarned that this game is highly addictive.

  1. Gardening

One can start gardening without buying any plants and using seeds from food scraps while cooking. Use and plant fruits and vegetables; planting these foods is an inexpensive hobby and can help reduce monthly grocery expenses.  Seeds from the fruits and vegetables that are available at home can be grown indoors in the pots if there is no yard or outdoor space available. This hobby is not beneficial for the family only but for the environment as well.

Check out America's Best Bookkeepers About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity. Check out America's Best Bookkeepers
Spend Less - Complete Controller

Some people claim it’s quite easy to spend less and save more. But, for most people, spending wisely does not come naturally. In fact, most people live far above their means. If this is your situation, consider these inspiring tips to spend less and become wealthier.

With the current pandemic looming over us, we cannot help but wonder what it would’ve been like if we saved some money for a rainy day. Isn’t that just how the world works?  You never know what will happen in the next moment. Therefore, it is always wise to have a healthy savings account by spending less on luxuries and more on necessities.

Want to learn different tips to help you save money and spend less? Read on! Check out America's Best Bookkeepers

Differentiate with Your Wants and Your Needs

Expenses can be divided into two categories: those that fulfill an unnecessary desire and those that are vital to your basic needs. Examples of basic needs include water, food, electricity, and shelter. You cannot survive with them. Luxury items include tv, satellite, phone, new clothes, etc. You may consider some of these items as basic needs, but this is not the case. Thinking about your expenses in this way will give you some perspective on your standards in life. If you cannot afford all these things and want to spend less, you may need to cut out some of these luxuries.

Take Whole Chance to Save

When deciding to save more money, you must commit 100%. Jump at every chance to save your money, such as tracking sales and only buying discounted items. No matter how small the sale is, every penny counts. Check out America's Best Bookkeepers

Creativity

It’s time to use your imagination when thinking of ways to spend less. Creativity is a key concept of wiser spending, such as adjusting that old top to make it current. You can create a handmade gift for someone instead of purchasing one. Let your artistry flow and get creative. You will absolutely save money this way. You may even realize there is a hidden talent inside you.

Exercise on a Daily Basis

Studies show that when a person engaged in sports and exercise, they have a habit of spending less. This is due to them better organizing themselves, their time, and their expenses.

Record your Expenses

Get in the habit of recording every purchase you make. At the end of the month, check your bank’s details for any errors that could result in compensation. By engaging in this practice, you prevent banking errors and gain awareness of your spending habits. Check out America's Best Bookkeepers

Save for Emergencies

Saving for emergencies is more than just a good idea; it should be a must. Start now to put away as much money as you can for emergencies. If a bad situation ever arises, you will be more prepared, and your finances will take less of a hit.

Improve your Weaknesses

Everyone has a weakness, and for some, this takes the form of poor fiscal discipline. Evaluate your spending habits to see your pitfalls; then, plan around them. This could be avoiding your favorite clothing store for a few months or meal prepping at home. A realistic awareness of your weaknesses can prevent you from falling victim to them.

To Sum it Up

There are several other ways in which you can save money for a rainy day. Today, everything has a paper trail. So, start with tracking your expenses and gauging if there are any cuts that can be made. Moreover, that plastic card in your pocket can be dangerous, as it makes it hard to grasp how much money you are spending. Consider leaving it at home whenever you head out with friends.

 

“If we command our wealth, we shall be rich and free. If our wealth commands us, we are poor indeed.” – Edmund Burke

 

Check out America's Best Bookkeepers About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity. Check out America's Best Bookkeepers
Save Money - Complete Controller

To save some extra cash at the end of the month, check out these 7 simple ways to save and see financial dreams come true. Check out America's Best Bookkeepers

Tip#1: Save in Real-Time

Buy a piggy bank or open a new savings account in a bank.  Do whichever is feasible but do it right away. Make a rough estimate of monthly expenditures and extract the remaining amount from earned income instantly before spending any. Transfer that money to the savings accounts in the first few days after calculating it rather than later. After one or two months, an individual will get a clear picture of the amount that can be saved every month. No matter how small the amount is, save it immediately.

Tip#2: Make a Goal

A goal amount will help a person save even faster. When an individual has a definitive figure that needs to be saved within a period of time, that person will know exactly how much needs saved every month to reach the estimated goal. Making some minor changes in a daily routine could help a person save significantly at the end of the month. Check out America's Best Bookkeepers

Tip#3: Spend Less where You Can

Cheaper is not always better, but a person can find less expensive alternatives. For instance, buy from the store that offers a lower price, even if it is only $1. Select the cheaper mode of transportation; use private transport when traveling alone instead of the car. It will reduce the fuel cost. Do not leave any unused appliance on or plugged in as it can help reduce the electric bill. Take shorter showers to use less water. Instead of buying a meal, cook it at home.  All these things will help reduce monthly savings.

Tip#4: Don’t Spend on Unnecessary Things

 Have a clear goal in mind and save by not spending on unnecessary purchases. A new pair of shoes is not important if you have several at home unused in the closet. When there is not any time for the gym, why is monthly membership being paid? There are other ways to stay fit. With hundreds of channels cable and only two to three of importance, why is cable being paid for? Similarly, do not pay for entertainment subscriptions if watching is sporadic. There are many purchases an individual is making monthly for no reason. Review monthly bank statements and see what can be eliminated.

Tip#5: Do Not Go Shopping in Person When You Can

Money can be saved by asking someone else to purchase necessary as a favor. The shelves in the grocery stores are filled with impulse items that have no reason to be on an individual’s kitchen counter. The maintained grocery list can also be ordered online, and shopping alone can help keep the grocery bill low.  Children are attracted to impulse buys, so avoiding taking them shopping can make a difference on the eventual grocery bill. Check out America's Best Bookkeepers

Tip#6: Coupons and Promotions

Take advantage of coupons and promotions. Use a coupon whenever possible. Take advantage of promotions running in the store. Also, buy bigger items when they are on sale. For example, purchase a TV during the Black Friday sale. Clothing brands always have a sale when the season ends, so go shopping at that time and purchase three pieces of clothes at a discounted price for next season.

Tip #7: Make A Plan and Stick to It

Make a weekly expenditure plan; it will help in the long run. For instance, make a menu for the week and try to stick to it. Make a budget of how much is required to be spent on an outing, and do not go out other than that. Limit picnic plans as well, as they will also affect the saving pattern. With a weekly expenditure plan in place, an individual will be able to spend on something important if required. Otherwise, surplus money will also go into the savings account.

 

Check out America's Best Bookkeepers About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity. Check out America's Best Bookkeepers
Beating Debt - Complete Controller

Credit card debt can be daunting, which is why it is extremely important not to let it get out of control. It’s even more important to avoid it completely in the first place. If you have accumulated a substantial debt and are worried about it, check out these few steps to beat the debt and keep it away forever. 

These steps will assist you on your path to financial stabilityCheck out America's Best Bookkeepers

Have an Optimistic Approach:

This should be your first step, as it is important to set positive goals before taking any financial action. Creating a plan and a list of goals, and making achieving them a priority, is crucial. Having an optimistic approach means changing your routine and habits in your daily life to cater towards a more positive mindset. Take care to remain focused and persistent to reach your goals. Try your best to stay motivated during your journey, which can be easier to do with a positive mindset.

Don’t Use Credit Cards:

This should be an essential directive. Being aware of your debt, and choosing not to do anything about it, is extremely unwise. Put your credit cards aside so that you will not be tempted to use them. You will never be able to repay your debt if it continues to increase. Take care to control the use of your debit card, as well. The money in that account can be budgeted to repay your debt. Simply put, avoid using credit and make smarter decisions with the money you do have. Check out America's Best Bookkeepers

Prioritize the Credit Card Debt:

Prioritizing credit card debt means you must create a budget or plan for the debt that includes mortgages, interest rates, loans, etc. This plan will look different for everyone.  Carefully study the details of your credit card statements each month to calculate how much is paid and how much remains.

Manage Your Budget:

>Review your monthly expenses and budgets to look for opportunities to cut costs. Spending less should also be a priority. In this way, you will be able to save some amount and make payments on the debt regularly. Try to lessen expenditures in whatever way possible, such as using some generic products instead of name brands. Do this every month, and it will become a habit. By having healthy saving practices, you will be able to easily pay your credit card debts in larger amounts and avoid increasing interest rates.

Pay the Debt in Large Amount:

This should be done as soon as possible. Understandably, making larger payments will make it much easier and faster for you to repay the whole debt. Making larger payments is also more beneficial due to the increasing interest rates you incur when paying small amounts. Try to pay in large lump sum amounts instead of dragging the debt for years. Check out America's Best Bookkeepers

Have a Lower Interest Rate:

If you have a credit card with a higher interest rate, it will take longer for you to pay it off. The lower the interest rate, the shorter the repayment period. To pay off the debt you have now, one tactic is to contact the credit card provider’s customer service department and explain your situation. These institutions typically have different ways to help make it easier for you to make regular payments. Some may even reduce the interest rate because they do not want to lose your business.

Have a Strategy:

Now that you know what steps you need to take, form a strategy and stick to it. You cannot wish your debt away. Getting out from under it requires immediate action. The best way to do this is through goal-setting and proper planning, followed by rigorous discipline.  

Check out America's Best Bookkeepers About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity. Check out America's Best Bookkeepers
Manage Your Personal Finances - Complete Controller

Everyone wants to save money; however, not everyone does. This is mainly due to many individuals not knowing how to manage their personal finances properly. Handling your personal finances can be confusing. Here are six key steps to help you manage your personal finances and take steps towards financial freedom. Check out America's Best Bookkeepers

Have Clear Goals

The main thing that individuals ought to do is write particular aims and objectives about what they need to do with the money they earn and their plans. Most of an individual’s life is centered on money and finances. An individual’s aims are influenced by the factor of how much money they want to save for their studies, retirement, wedding, etc. When an individual has written down the aims, they should organize them according to their priorities. This guarantees that an individual is focused on the ones that are essential to an individual.

Strategize

 To make certain that an individual achieves their aims, financial strategies are really necessary. An individual would contain control of the budget, make a spending design and then try paying off the debts. Once these aims are achieved, an individual will have saved a lot of money, and the money that is freed after paying off the debt can be utilized so that the individuals can fulfill their dreams. Check out America's Best Bookkeepers

Follow a Budget

Making and following a budget is usually a tough act for individuals at first. However, planning a budget can help an individual look at his or her financial circumstances clearly, and it is one of the most significant aspects when managing finances. Budgeting is the initial step one takes to enable them to pay off their mortgage and debt, saving money for the future. Without this strategy, an individual will waste money by spending it on unimportant things. This results in the individual’s lack of success in managing the finances.

Differentiate Between Need and Want

One of the first steps an individual should take when managing their finances is to ensure that they know the distinction between ‘a a need’ and ‘a want.’ The plan is to figure out how to deal with an individual’s funds better by considering everything. An individual should regularly observe the finances regularly and make any changes that they deem necessary that do not influence the individual’s life to a huge extent. Check out America's Best Bookkeepers

Pay Off All Debts

Nowadays, no one is debt-free, and individuals should know the ways of dealing with debt. It is common sense to discontinue spending money very leisurely while an individual is under debt. Debt is a big barrier in the way of an individual’s aim of reaching their financial aims, so eradicating this should become important. An individual should make sure that he has a strategy that will enable him to rapidly pay off the debt. When an individual is out of debt, they must make certain that they promise themselves that they will remain out of debt.

Set Up An Emergency Fund

Accidents happen. No one knows when one can encounter a problem that will require a huge sum of money.  An individual can lose their job, have to cover unexpected medical costs, or the car breaking down suddenly. Another account should be for the retirement funds. A company can manage it, or an individual can manage it on their own. The emergency funds in an account should be at last equivalent to at least half a year’s worth of salary. In a solid personal finance strategy, the emergency account is a critical fragment. In all cases, one should not withdraw money from that account, let it be in the bank account to gain profit and interest.

Check out America's Best Bookkeepers About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity. Check out America's Best Bookkeepers