Chartley Accounting Solutions LLC

Bookkeeping cleanup usually becomes necessary for two main reasons: error and neglect. See how you do on the following little quiz: ?? Do you have expenses that have been incorrectly entered in QuickBooks? ?? Do you have expenses or income that hasn’t been tracked at all? ?? Has an employee ever misclassified an expense? ?? Ever forget to record a transaction? ?? Have your business books been reconciled at least on a monthly basis? ?? Do you audit your financial statements regularly to make sure everything that needs to be recorded, is being recorded? Whatever your reasons, you might be realizing right now that you’re sitting on a financial mess. Are you having a hard time getting an accurate picture of your finances?

Clutter and disorganized financial documents bring all kinds of stress. We've got a few simple steps to help you get your financial world in order: ???EVERYTHING HAS A PLACE - Make sure all of your documents have a "home." Wherever you see receipts and bills piling up, well, that's a good place to set up a "home financial center." ??KEEP OR TOSS? - Determine what to keep and what to throw away. Keep: medical expenses, insurance policies, mortgage bills, warranties, investment records, tax-deductible receipts, tax returns Toss: grocery receipts, credit card slips for non-tax deductible items, ATM receipts you've already reconciled ??SORT YOUR PAPERS - Use these 4 categories: - bills - insurance - bank & brokerage statements - other important documents ??UPKEEP - Spend 5-10 min/day (or 30 min/week) maintaining your files. Open your mail near the trash bin. Circle the due date for bills and file them in the proper order. Then file what needs to be kept.

Here's a "big picture" concept that will bring large returns: Investing in sales and marketing automation. Marketing is the key to growing your business. And, automation is a way to run your company while you work on growing your company ... in a systematic, "hands-free" sort of way. Which marketing/sales tasks have you successfully automated in your business? Or how has automating some of those processes been helpful?

When you're interacting directly with clients, can you explain what you offer in 10 words or fewer? Perhaps 20? If not, it's time to work with your team to craft a concise elevator pitch. When you have this ready, you can clearly present your value proposition when the opportunity arises. And then online, prep straightforward and readable content. Make sure your website or digital platforms have clear descriptions, including upfront pricing. ???? Have you managed the 10 words or fewer sales pitch for your business? If so, share below.

Do you have a problem finding someone who knows your business well enough to provide informed financial support? You likely need both a bookkeeper and an accountant to cross this bridge. ??Bookkeepers …can play a crucial role in understanding the narrative behind the numbers. When they’re familiar with day-to-day operations (interacting with clients, knowing how the business operates, etc.), their ability to know what questions to ask and where to look for data provides the context necessary for the accountants asking the follow-up questions. ??Accountants …are becoming more involved in the strategic decision-making you were after to begin with. Data analytics, predictive modeling, financial optimization – all the fun stuff. Do you have the right financial support for your business? Thumbs up if you do. If not, let's talk about options.

Sometimes your data doesn’t accurately reflect what’s going on in your business. ?? Or perhaps you have no data even available to analyze. You need a bookkeeper with an eye for detail. This is typically what good bookkeepers are known for. While often seen as a mere recorder of numbers, bookkeepers are actually the first line of defense on the data accuracy ball field. Errors at this stage can have cascading effects on financial statements and decision-making. Don’t overlook it. Further, accountants depend on the accuracy of bookkeeping data to perform their analytical functions. Poor-quality bookkeeping can really hinder an accountant's ability to provide the insights you need to make better business decisions.

Your business needs an accountant and a bookkeeper. But what's the difference between them? The primary one lies in their focus. ?? Bookkeeping is the process of recording financial transactions, such as sales, purchases, and payments. It involves data entry, categorization, maintaining accurate records, and knowing what questions to ask to make sure all available data is harvested. ?? Accounting, on the other hand, interprets and analyzes this financial data to provide insights into a business's financial health. Accountants prepare financial statements, manage taxes, provide financial advice based on the data, and assist with strategic planning. In essence, bookkeepers are the recordkeepers, while accountants are the financial storytellers. And your business needs a partnership between accountant, bookkeeper, and business owner if you want to move forward with knowledge and confidence.

The federal earnings report revealed a few things recently... ?? Consumers are still spending ?? The cheapest option isn't necessarily the most profitable ?? People are looking for the BEST VALUE (bang for the $) Think about how that applies to your business right now... https://lnkd.in/e8pG9ueZ

Sometimes we all just need a good story to help us see the good and have hope for the future. This one is extra good. Let us know what you think. https://lnkd.in/eMcfjcsw

Sales strategies (that work) start with a good offer. And your offering is only as good as the ease in which you can describe it, especially when it comes to pricing. When meeting with prospective clients, address pricing in a straightforward way. By being transparent with your pricing, you’re providing clear expectations AND building trust. Clients appreciate consistency, and dodging the topic can seem, well, dodgy. As for your rates – these should be based on the real value of your services. Then stick to them confidently, which actually provides credibility.