5 Steps to Gain Tax Exempt Status for Your Nonprofit Organization

Right now, your main objective is to gather all the right documents to prove to the IRS that your nonprofit is qualified. 

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Why Xero is Surpassing Quickbooks

Here at Balance, people have been asking which cloud-accounting software offers the best value for small businesses. Xero is the new and easy-to-use cloud-based accounting software that offers the same services as Quickbooks and more. Developed in 2006, this New Zealand based company burst onto the scene two years after Quickbooks, employing over 1,800 people… Continue reading Why Xero is Surpassing Quickbooks

How To Overcome Your Personal Struggles With Money

Financial hardships happen to good people everyday, and the stress can easily take a toll on your productivity and overall wellbeing. With that being said, always remember that you have a choice to turn this trend around by making a firm decision to watch your money closer. You may be able to make these changes… Continue reading How To Overcome Your Personal Struggles With Money

5 Benefits of Cloud Based Accounting

What is the cloud? Cloud accounting is the practice of storing accounting data on remote online servers. The cloud is the future of data storage, creating limitless possibilities for bookkeepers and accountants. The benefits of cloud based accounting softwares like Quickbooks, Xero and Fresh books give your clients the peace of mind that comes with… Continue reading 5 Benefits of Cloud Based Accounting

6 Reasons You Should Hire A Bookkeeper

When you started out, you may have had the time to manage all aspects of your business. As the business takes on its own identity, you may feel the need to delegate some tasks to manage time more efficiently. When you get to this point as a business owner, a bookkeeper is great to have… Continue reading 6 Reasons You Should Hire A Bookkeeper

Bitcoin: The Future of Cryptocurrency

History Bitcoin is the first and only decentralized form of currency. People like Jamie Dimon, CEO of JPMorgan and Tidjane Thiam, have used the terms “fraud” and “bubble” to describe bitcoin. If you’re not familiar with how it’s obtained and why the thought of it is so speculative, we’re here to share some facts about… Continue reading Bitcoin: The Future of Cryptocurrency

Can I Trust My Bookkeeper?

Small businesses are more susceptible to fraud considering the lack of internal controls processes implemented. Considering that bookkeeping deals with the most important asset of all, your money, you should be very cautious when choosing who will manage it for you. Unfortunately, many small to medium business owners feel the lack of trust or thereof in… Continue reading Can I Trust My Bookkeeper?