Accounting and Financial Processes

Dear Dangerously in Love with Your Finances, Our small-to-medium animal medical center located in Washington consists of a team of eight: one Doctor of Veterinary Medicine, three registered Veterinary Technicians, two Veterinary Assistants, an office manager, and a receptionist. The office manager does a good job managing the staff and the bookkeeping. However, as the … Read more

Why you need an experienced bookkeeper

experienced bookkeeper

Dear Dangerously in Love with Your Finances,  I am the front desk receptionist of an established veterinary practice in Yamhill County, Oregon. I have been asked to temporarily perform bookkeeping tasks until we find a new outside bookkeeping firm specializing in veterinary practices. Our previous bookkeeping firm was not a good fit. The owners seem to … Read more

How Job Costing Can Lower Your Expenses and Costs

 Dear Dangerously in Love with Your Finances, Our business – a small, artist-owned company that builds custom furniture in Pennsylvania – has financial growth challenges. We cannot seem to get to the next level of consistent positive cash flow. Expenses and costs are extremely high; however, this is not unusual in the custom design industry. … Read more

What is the difference between Form 1099-Misc and Form 1099-NEC?

Question: Dear Dangerously in Love with Your Finances, I am the owner of a web design agency located in Ohio. In addition to myself, I have five full-time employees and seven independent contractors.  As the owner, I try to stay abreast of the changing rules and regulations that affect my industry and federal and state … Read more

Should I hire an in-house bookkeeper?

Question: I am the owner of a growing media firm with ten employees. We gross about 2.5 million a year. We are currently outsourcing our bookkeeping; however, I am seriously thinking about bringing in an in-house bookkeeper due to our rapid revenue growth. Is this a good idea? Any help or ideas that you may … Read more