To ensure that your company's bottom line is intact, you must maintain adequate books. One aspect of bookkeeping is bank reconciliation, which is a process that assists in ensuring accuracy by matching bank transactions and your business's financial records. If you are unfamiliar with this process or need more information, keep reading to learn the answers to some commonly asked questions about bank reconciliation. How Is Bank Reconciliation Performed? A professional accountant will take the bank statement balance of your company and compare it to credit card payments, cleared checks, and other company financials that are listed within the bookkeeping records.

If you want to be more than just a "starving artist" and you want to make some good money off of the art work that you do, you will want to consider hiring an accountant to assist you with all of your tax needs. Even if you are not quite making a substantial amount of money just yet, you should still look for a professional that is offering accounting for artists.

Deltek offers project-based systems that professional firms can use. The systems offered by Deltek are designed to be full-bodied, which can make them difficult to navigate, which is why some people choose Deltek CFO advisory services. You can set up the right systems as an administration that will make the system easier for everyone using it. That is why it can be helpful, as the administrator of the system for your business, to point out the features that can make navigating this system easier to handle for your employees after you set them up.

As a business owner, one of the most important metrics of success is having a positive cash flow, which will determine if your business succeeds or fails. There are two different ways you can improve your business's cash flow. #1 Increase Payments on Invoices To bring in money, you need your customers to pay their invoices. If customers do not pay their invoices, you are not going to have the cash flow you need for your own business to succeed.