Virtual bookkeeping refers to the practice of managing financial records and transactions remotely. No actual accountants or bookkeepers step foot in your office to keep virtual bookkeeping; instead, they use cloud-based technologies and have their secure access from any location to your financial data. This radical approach not only sets new trends in the way …
by Ceptrum
Financial landscape of your business can be challenging, especially when deciding between monthly bookkeeping or accounting services. Both play crucial roles in maintaining the financial health of your enterprise, but understanding their distinct differences in cost and benefits can empower you to make informed choices. Explore the unique functions, advantages, and potential cost implications of …
by Ceptrum
Having appropriate documentation to back up your deductions and expenses is essential in the event of a tax audit. Receipts are proof of your financial transactions, confirming your assertions and affirming that you are to tax laws. They validate your income and expenses. Potential Consequences of Not Having Receipts During an Audit If you face …
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