July 2020 - Mindspace

Posted by Saurabh Bhardwaj
On July 31, 2020
1 Comments
accounting firms, bookkeeping and accounting outsourcing, outsourcing services, payroll outsourcing, quickbook accounting, quickbook accounting services, quickbooks, remote accounting, tax preparations, US accounting services, USA accounting, wave

Construction contractors especially have to take care of how much customers owe and how much money they pay for suppliers and other expenses. Most small business owners who keep accurate financial records are well equipped to make informed decisions. Construction business owners are required to file transactions on a daily basis, which requires discipline […]

Bookkeeping Tips for Truckers

Posted by Saurabh Bhardwaj
On July 28, 2020
0 Comments
accounting, accounting firms, accounting firms usa, accounting in US, accounting outsourcing, payroll outsourcing services, quickbook accounting, quickbook accounting services, quickbooks, remote accounting, tax preparations, US accounting services, USA accounting, virtual bookkeeping firm

Every trucking business owner/operator needs to understand bookkeeping. Luckily, you don’t need an accounting degree to handle this aspect of the business, for this we are. Some tips for handling books correctly: Go Digital: Because paperwork takes up too much space and your day-to-day workload can be cumbersome rather than organized. Hence financial […]

Bookkeeping for Law firm

Posted by Saurabh Bhardwaj
On July 24, 2020
1 Comments
accounting firms, accounting firms usa, bookkeeping and accounting outsourcing, bookkeeping in xero, bookkeeping india, cpa, cpa accounting, outsourced accounting firms, quickbook accounting services, quickbooks, remote accounting, tax preparations, US accounting services, USA accounting, virtual bookkeeping firm

Choosing how you structure and manage your law firm is one of the most important decisions your business makes. How will you accept payment? How will you manage trust accounts? And what accounting practices would you use to cut taxes and costs? It all depends on you. Properly setting up your finances on time […]

Bookkeeping for E-commerce Businesses: A Complete Guide

Posted by Saurabh Bhardwaj
On July 22, 2020
0 Comments
accounting, accounting firms usa, accounting in US, payroll outsourcing services, quickbook accounting, quickbook accounting services, quickbooks, remote accounting, tax preparations, US accounting services, USA accounting, virtual bookkeeping firm

E-commerce businesses in the USA are estimated to reach a whopping $476.6 billion in 2024. These stats alone showcase that the e-commerce business in the US is growing strong each day and is not going anywhere anytime soon. With that being said, let’s take a look at the operational side of an e-commerce business. […]

Restaurant Bookkeeping: Success Recipe

Posted by Saurabh Bhardwaj
On July 18, 2020
0 Comments
accounting firms, cpa, outsourced bookkeeping services, payroll accounting services, quickbook accounting, quickbook accounting services, quickbooks, remote accounting, tax preparations, US accounting services, USA accounting, virtual bookkeeping firm

To run any business smoothly one has to work on an extended and careful plan and Mindspace Outsourcing Services can be MasterChef of your Restaurant bookkeeping. Especially for restaurants because of their large-scale daily sales and because of this their accounts are volatile. Frequent change in the cost of food items, seasonal availability and rapid […]

CPA and Accounting firms are outsourcing work to India, why ?

Posted by Saurabh Bhardwaj
On July 16, 2020
0 Comments
accounting, accounting firms, accounting firms usa, accounting in US, accounting outsourcing, accounting services, bookkeeping and accounting outsourcing, bookkeeping in xero, canada bookkeeping, coronavirus, cpa accounting, outsourced accounting, payroll outsourcing services, quickbook accounting, quickbook accounting services, quickbooks, remote accounting, tax preparations, US accounting services, USA accounting, virtual bookkeeping firm

Bookkeeping outsourcing services are in great demand in countries like USA, UK, Canada and Australia. Therefore, with the increasing availability of efficient and affordable services from countries like India, they want to reach their businesses on a wider scale. Many of us may have noticed the trend of opting for outsourcing accounting services in […]

Important Role Accountants Can Play In Your Business Operations

Posted by Saurabh Bhardwaj
On July 14, 2020
0 Comments
accounting, accounting services, bookkeeping outsourcing, outsource bookkeeping, outsourced bookkeeping services, quickbook accounting, quickbook accounting services, quickbooks, remote accounting, tax preparations, US accounting services, USA accounting, virtual bookkeeping firm

Accountants go beyond the lengths of taxes and bookkeeping; they are an essential element of the financial advising team, helping you navigate important business decisions that impact your finances. Not only that, but an accountant may also even assist you in the loan process, review your documents and contracts, help your business with estate and […]

Use of Float

Posted by Saurabh Bhardwaj
On July 9, 2020
0 Comments
accounting, accounting firms, accounting outsourcing, quickbook accounting, quickbook accounting services, quickbooks, remote accounting, tax preparations, US accounting services, USA accounting, virtual bookkeeping firm

Looking for a real-time view of your finances? Want to do a scenario analysis based on the what-if’s to make more confident and informed decisions? Here’s the perfect way to cash flow forecasting you can trust:- Cash Flow Forecasting with Float By integrating seamlessly with your accounting system, Float can help you understand […]

Sales Tax in the USA and the cascading effect

Posted by Saurabh Bhardwaj
On July 8, 2020
0 Comments
accounting firms, accounting outsourcing, quickbook accounting, quickbook accounting services, quickbooks, remote accounting, tax preparations, US accounting services, USA accounting, virtual bookkeeping firm

Sales taxes are different from city to city, town to town, and state to state and as we know, calculation of taxes is not an easy task. Sales tax is generally calculated by multiplying the purchasing price by the applicable tax rate. The seller or vendor collects it at the time of the sale. […]

Guide to Accounting for Real Estate

Posted by Saurabh Bhardwaj
On July 7, 2020
0 Comments
accounting, accounting firms, accounting firms usa, accounting in US, accounting outsourcing, accounting services, bookkeeping and accounting outsourcing, bookkeeping in xero, bookkeeping india, bookkeeping outsourcing, bookkeeping services, outsource bookkeeping agency, outsource bookkeeping services, tax preparations

While real estate deals are often quite complicated, the actual accounting is comparatively easy. Let’s break it down here:- There are two key questions that you need to ask yourself to do the accounting properly for your real estate acquisition:- Are you developing or flipping a property for a future sale? Or, Do […]

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