Existing Business

🎉 $50 Holiday Referral program NOW through April 15th 2025 🥳

🎉Refer your friends👭! Once your friend enrolls (they must use your name as referral) to use any of our, regular ongoing monthly business services or IN-Person tax filing (bookkeeping, social networking program, or tax advising services, On The Cloud Bookkeeping LLC. will pay you a $50 commission. Terms do apply: Commission is ready for you within 24 hours of the signed contract and initial regular payment. You can invite as many business owners for the referral program! 🥳

1) You must give the name of who referred you at the time of service.

2) Once "referred individual" has paid we will issue you commission.

3) Any services are eligible for the $50 commission. You can refer as many people

This is a trial promotion and can end before the deadline date of April 15th 2025. If the person you refer becomes a client we will issue your commission once the client has paid.

Thank you for your participation,

Barb

If you are an existing business this isn't your first rodeo! If you are your own bookkeeper but realize you don't have the time it takes to record your financial transactions but you are afraid to pay somebody for the service? How much time do you think it would free up? Would it be enough time for you to focus on other important business decisions?

What if I told you that an experienced bookkeeper is worth their weight in gold. We know that certain tax regulation and filing changes can effect your business. We are continuously researching changes that will save you money! Ie.

Reasons to hire a bookkeeper:

This might be a question you’ve asked yourself. Have you recognized the importance of keeping organized financial records but aren’t sure if you need a bookkeeper?

We’re going to talk about how a bookkeeper can be advantageous to your business.What are some pros and cons of hiring one:

Time Savings and Enhanced Productivity

This is a Big 1 for most business owners. Not only do you cut time spent managing books, but you are also freed to do other business duties. When you can focus on core areas of your business, doing things you are good at and passionate about, you are more productive and motivated. Taking the time you spend recording your finances is something most put on the back burner either because they don't have time or aren't confident. Get your confidence back!

Detailed Financial Reporting and Analysis

Experienced bookkeepers know what financial statements to prepare, how to run reports, and how to analyze the results. They can help you track specified metrics and provide useful insights on your numbers. A bookkeeper will help set and smash goals!

Streamline Invoicing and Accounts Receivable Management

A business with many customers might not have the ability to track invoicing and payments for each one. Retaining a bookkeeper helps by assisting in setting up payment terms, reminding you and the client of payment dates, and setting up automation in your bookkeeping software to reduce mistakes and streamline the bookkeeping process.

Compliance with Tax and Legal Requirements

If you do your books yourself otherwise you may miss out on savings or possibly create a problem that will cost you in the long run if you are not experienced and up to date with tax changes. You need to organize your books a certain way, compile, and file all the necessary paperwork while meeting deadlines. The beauty of a bookkeeper is they are already familiar with the business tax laws and regulations. This is their career, so they need to stay on top of it to make a living. So, they are more likely to pay closer attention and know what to do and how to do it.

Cost Savings and Avoidance of Costly Errors

A fresh set of eyes means they can probably spot areas of fat that need trimming. They can spot holes in your processes that are just leaking money out and help you come up with better strategies and processes to keep overheads down. Bookkeepers, being very detail-oriented individuals, can spot mistakes early so you don’t get fined or have to spend a ton more money trying to patch up a hole in the system.

Improved Cash Flow Management

Not only do bookkeepers track the incoming and outgoing cash, they can also help make the pipeline smoother. Daily reconciliation means all transactions are listed and able to be categorized and monitored. From there the bookkeeper can get an idea of your business health and start coming up with budgeting and forecasting projections. In their analysis, they can spot areas of revenue potential and wasteful spending. Through managing AR and AP they can help you pay and get paid faster so you don't incur debt. Why should you hire a bookkeeper? Well, if you want your cash flow to look like what we’ve described, you’ll consider it.

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