Author: Complete Controller

The compensation of bookkeepers is determined by their employment status and varies depending on whether they work part-time, full-time, or as an internal bookkeepers. Hourly rates are adjusted accordingly, with each category having its own distinct rate. Part-time bookkeeper’s hourly payment depends upon job description and location, mostly from $18 to $23 per hour. Sometimes nonprofits try to give training to the employees to bring capacity to become a part-time bookkeeper. Managing finances can be a daunting task, but one effective option to consider is hiring a bookkeeper. Not only are they known for their cost-effectiveness, but they also provide reliable work. However, it’s essential to keep in mind that executive directors may face high oversight costs when working with bookkeepers.

Additionally, bookkeeping rates can differ based on a variety of factors, such as business size, location, industry, and the specific services required. In-house bookkeepers can charge. It can be from $18-23 per hour, with variations depending on experience. Outsourced bookkeepers can be another solution for monthly bookkeeping. Their fees start from $99 per month.

Full-Time Bookkeeping

The current average is different if a bookkeeper does full-time bookkeeping for nonprofits. Usually, a full-charge bookkeeper’s salary fluctuates between $34,000 to $54,000 per year. Also, there are some benefits and other advantages according to the salary. This yearly salary depends upon your location, and it can also become higher and more if you live in the cities like New York or Los Angeles. Depending upon the area and some other factors, it can grow more towards $67,000 per year. The benefits and overhead, including office space, must add around 20% on top of the salary. Full-time bookkeepers have different responsibilities. For example, he must oversee day-to-day accounting functions for the office. The bookkeeper also keeps your book in order and up to date. And it is the most crucial aspect that is especially important for the essential financial strength of your organization. If you hire a full-time bookkeeper, then it is necessary when your organization is ready.

Outsourcing Bookkeeping

Outsourcing bookkeeping for nonprofits has an average price that ranges from $2,000 to $3,500 per month. It varies on distinct factors such as the number of transactions and the complexity of services that are required. Outsourcing bookkeeping has a significant benefit; the critical use is that you will get the ability, which is particularly important. The average cost of outsourcing professional bookkeeping ranges from $2,000 to $3,500 monthly. It also depends upon the number of transactions and, secondly, the complexity of services that are required.

Meeting Obligations

Every company and business must pay taxes at the end of the year. It helps to see that there is time for them to check whether they enter their reports correctly and without any big mistakes because humans are doing these functions, and there are possibilities that there are any mistakes. It is the responsibility and duty of the bookkeeper that the company or business hires to make tax reports and check out if there is any chance of tax reduction and other prominent issues. If the descriptions do not have any mistakes, the company has a huge opportunity to apply for tax compensation and tax return. Bookkeepers also help get a good insight into the company, and with the proper understanding, a business owner can decide where to invest in the company in the future. It also helps the company grow and allows them to invest in those fears with requirements. It is the reason that with proper financial conditions and insights, you can move your business accordingly. You can support and wait for the profit if you think that your company can move forward at that time.

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

While recording your total daily sales in QuickBooks online, first, you must find out how to register your total daily sales in this QuickBooks using just a single sales receipt. You can enter a single sales received to report your daily sales in QuickBooks. Using a separate point-of-sale system, you can enter that received and report your daily deals in QuickBooks. It means that you do not have invoice customers. An advantage of these steps is that they save time while keeping your income reports accurate and without any mistakes. There are different steps in recording your total daily sales in QuickBooks online. A lot of step-by-step guide professionals to help you, and they will guide you on how to get started.

Step 1: Creating Customers for Daily Sale

On the end-of-day sales receipt, you can use a customer account only. In this case, there are several steps involved. There is a left menu, and there are several options. First, you must select sales. After selecting deals, there is an option known as customers. There are distinct types of customers given the possibility of customers, and from there, you can choose a new customer. After selecting a new customer, enter daily sales. And after doing all these steps, the last option is to save; choose save.

Step 2: Creating an Account for Daily Sales

After creating customers for daily sales, ensure that it sets upright because it will help you report your income accurately. There are several steps in setting up your daily sales account. There is an option in the toolbar that is known as gear. To select the equipment, and after selecting gear, choose a chart of funds under the choice of your company. Select the new one that is on the top right of your icons. And set up all your accounts, including daily sales income, clearing history, and underage agent expenses. Also, give the category type or account types of names, such as income, cash equivalents, and costs. Remember to mention detail type, for example, other primary income or sales of product income, bank or cash on hand, and other business expenses. For description, you must mention several things, such as for what purpose you have created that I can track daily sales, forty balance accounts for daily deals, or four drawer shortages.

Step 3: Selection of Items for Daily Sale

There is also a need to keep your items organized, and to keep them organized; you must set up a category named daily sales. There are several steps involved in this action. First, in the toolbar, select the gear icon. There is an option that is known as lists. Choose all lists. Various categories are there; you must select product categories. Then choose the new types that are on the top right. Rename that category that is a new category, name it as, and then save it. After you have created and saved the type, there are a few following items. Select the toolbar and open-gear icon. Their full stops there are products and services given under the lists. Select From the transaction type, there are different options for receipt, and you must choose sales receipt. Then name it as dairy sales and find out which kind of types are given. There may be two scheduled and unscheduled types, then choose unscheduled. And set up all these items that are in products and services.

Step 4: Recording Daily Sales Template

You will need a daily sales template whenever you must record total daily sales. For this action, you must open the gear icon in the toolbar. And there is an option known as recurring transactions under the lists. Then select different items such as visa or MasterCard, check, cash, overage or underage, daily sales income, American Express, etc., and save.

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

By: Jennifer Brazer

Jennifer is the author of From Cubicle to Cloud and Founder/CEO of Complete Controller, a pioneering financial services firm that helps entrepreneurs break free of traditional constraints and scale their businesses to new heights.

Fact Checked By: Brittany McMillen

Accounting for the Banking Sector: Essential Practices for Financial Stability

Imagine trying to manage billions of dollars without a system to catch every discrepancy or track every penny. As someone who has spent 15+ years helping businesses and financial institutions take charge of their finances, I can tell you that without strong accounting practices, a bank risks more than just some lousy PR—it risks its entire existence. Accounting transforms what could easily be financial chaos into clear, actionable insights and safeguards the system that underpins our global economy.

Whether you’re a banker, accountant, or simply interested in understanding how the gears behind the financial system turn, I’m here to break down the core accounting practices that keep banks running smoothly. From financial statements to regulatory compliance, this guide is designed to build your understanding—and maybe even your confidence—in tackling the complex world of banking sector accounting.

Financial Statements in Banking

The foundation of financial strategy

Think of financial statements as the heartbeat of any bank. They tell the story of its health, balancing profit and risk at every turn. Every bank relies on three key documents:

• Balance Sheet: This is the big-picture snapshot—what the bank owns versus what it owes. For instance, Bank of America’s balance sheet includes $157 billion in cash and $926 billion in loans, an example of how assets and liabilities define a bank’s scope of operation (Investopedia).
• Income Statement: Want to know if the bank is making money? The income statement lays it out. Did you know Bank of America earned $57.5 billion in interest while incurring $44.6 billion in net interest expense last year? Such figures underline just how central interest is to banks’ financial health.
• Cash Flow Statement: This records the movement of cash in and out of a bank. It’s where you see whether a bank is putting its cash reserves to good use or simply bleeding resources.

Without these documents, bankers wouldn’t have a reliable way to make strategic decisions or demonstrate solvency to regulators. For investors, metrics like a bank’s capital adequacy ratio—key indicators of financial stability—depend on these reports being precise and truthful (analyzing a bank’s financial statements).

Bank Reconciliation Processes

Accuracy is non-negotiable

If you’ve ever struggled to balance your personal checkbook, you can imagine the sheer stakes for banks when reconciling their records. A bank reconciliation ensures every transaction is accounted for by matching internal records with external bank statements. Skipping this process isn’t just negligent—it’s dangerous. In 2018, Wells Fargo learned this the hard way when reconciliation issues caused customer accounts to report incorrect balances, damaging their reputation and trust (importance of reconciling accounting statements).

Three Steps for Effective Reconciliation

1. Collect Data: Begin with your internal records and external bank statements. Accuracy starts with quality inputs.
2. Match Transactions: Verify deposits, withdrawals, and fees one by one.
3. Fix Discrepancies: Adjust records as needed. Even small omissions can lead to large-scale imbalances if ignored.

Reconciliation is that constant, unglamorous hero. Skipping it? That’s flirting with chaos.

Accounting Standards for Banks

The guardrails of financial transparency

Banking runs on trust, and that trust rests on consistent, transparent financial reporting. Banks must adhere to strict accounting standards, typically either:

• GAAP – Generally Accepted Accounting Principles: Designed for U.S.-based operations.
• IFRS – International Financial Reporting Standards: Preferred globally to create consistency across countries.

You don’t get to make up your own rules here. Cross the line, and regulators will have your name plastered in the headlines. A good example? Think of the 2008 financial crisis, where hidden liabilities and non-compliance amplified a global catastrophe. Lord knows we don’t need a repeat of that.

Taxation in the Banking Sector

Navigating the tax maze

Banks don’t encounter your standard 1040 tax form. Well, unless they’re helping you file yours! Instead, they juggle:

• Corporate Taxes: These apply to the bank’s profits.
• Withholding Taxes: Deducted from customer accounts (like interest earned).

Tax Management Tips

1. Prioritize regular internal audits to avoid tax surprises.
2. Hire tax advisors who understand the intricacies of financial institutions.

In banking, failing to comply with tax laws isn’t just about fines—it’s about protecting your reputation and, ultimately, your bottom line.

Accounting Software for Banks

Tech that does the heavy lifting

Imagine manually handling billions in financial data—it’s unbearable to even think about. That’s where accounting software comes in, revolutionizing processes with automation. Banks like JPMorgan Chase have led the charge, introducing software solutions that reduce errors and make audits a breeze (accounting innovations and trends).

What to Look for in Accounting Software:

• Automation Capabilities: Reduce manual errors.
• Compliance Checks: Ensure the system flags potential gaps in regulations.
• Data Analysis: Insights at the click of a button.

Auditing in the Banking Industry

A system of checks and balances

Auditing serves as the backbone of trust in banking. From internal audits that catch fraud early to external audits validating reports for stakeholders, these processes hold everyone accountable.

Case Study: Lehman Brothers

The 2008 collapse of Lehman Brothers stands as a painful reminder of what happens when audits fail. Poor oversight lets bad decisions and limited transparency run unchecked. Good audits don’t just check for math errors—they protect livelihoods and fortify entire economies (fraud detection and prevention).

Best Accounting Practices for Banks

Building a solid foundation

Over decades of working with businesses, I’ve seen firsthand where financial stability succeeds and fails. The best accounting practices aren’t about complexity—they’re about discipline:

• Education: Train your accountants regularly on new policies.
• Internal Controls: Set up prevention systems to minimize risk.
• Independent Reviews: External eyes catch what internal ones may miss.

When you focus on these practices, accounting becomes more than compliance—it becomes a competitive advantage.

Impact of Accounting Errors in Banking

When small mistakes snowball

Let’s not sugarcoat this: Errors in banking accounting can devastate institutions. Overstating profits may mislead investors and destabilize trust, while underreporting liabilities leaves banks vulnerable to regulators.

Accurate financial management isn’t just a line item—it’s the foundation of a bank’s operations and public image.

Conclusion

Accounting in the banking sector isn’t just about compliance—it’s about trust, stability, and precision. From financial statements that expose the heart of an organization to audits that hold key leaders accountable, every piece of the puzzle matters.

These essential practices, when implemented correctly, empower banks to thrive while exuding reliability to investors, customers, and global markets.

Ready to elevate your accounting game? Our team at Complete Controller can guide you every step of the way. Start your journey here.

FAQs

What are the three main financial statements in banking?

The three main statements are the balance sheet, income statement, and cash flow statement.

How does bank reconciliation process help?

It ensures internal records align with external bank statements, preventing costly errors.

What’s the difference between GAAP and IFRS?

GAAP is primarily used in the U.S., while IFRS is used internationally for standardized reporting.

Why should banks rely on accounting software?

It streamlines processes through automation, ensures compliance, and provides real-time data insights.

What are the consequences of accounting errors in banking?

Mistakes can result in fines, loss of investor trust, and damage to a bank’s reputation.

Sources

1. BIS Data Portal
2. Investopedia
3. World Bank
4. Becker
5. Corporate Finance Institute

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

Accounting is the process of recording financial statements and records, as accounting is a highly demanded opportunity. The value of accountants is rapidly increasing. New accountants must have skills like business knowledge and proficiency, oral and written communication skills, management of financial budget, and time most crucial, time management.

As there are many job opportunities for an accountant in different accounting fields, I discuss the top 3 Accounting Careers for new accountants.

• IT consultant
• Auditor
• Financial Examiner

IT Consultant

Accounting technology is a versatile technology, and in accounting, technology plays an essential role.

As part of the global world now, every field requires digital marketing and IT. IT professionals with exceptional knowledge are necessary for accounting systems. IT consultants must know about digital accounting processes and the management of account clouds. It is also essential for Its consultants to understand how to share the data with accounting systems and communication skills. IT knowledge is further related to many other fields of an accountant, like Customer relationship management (CRM).

IT consultant or accounting consultant’s most familiar work in this field is preparing financial statements, analyzing economic data, and advertising the finance issue. These consultants also help in the services of business as an employee of accountant consultants. Some similar jobs related to IT professionals are business managers and account advisors.

According to an estimate, the average salary of an accountant consultant is $129,000 per year, which further increases with time with experience.

Auditor

The auditor notices the financial record of the company as well as checks the accuracy too. The most common responsibility is to examine and organize the financial statement, ensuring tax filing time and management. Accountants in this category are highly paid workers in this field. The estimation of the average salary of an auditor in accounting is about $76,000, which further increases with professional experience.

Many types of auditors exist, including budget analysts, financial analysts, personal financial advisors, financial managers, and management analysts. Some of the most important duties that the auditor in accounting performs are examining the financial statement, preparing tax returns, updating company financial records, and giving ideas on reducing costs and increasing profit.

Different careers opportunity for the auditor is both in the government and private sectors as managing auditor to manage the financial statements of that sectors. It includes finance, insurance, accountancy, tax management, payroll services, etc. Top companies for auditor positions include ICIC Group, L & T Finances, Deloitte, PWC, KPMG, and many others.

Financial Examiner

The career of Finance Examiner, which is also commonly referred to as Bank Examiner, is a highly sought-after path for those entering the accounting profession. Individuals in this role are employed by the Federal Deposit Insurance Corporation and are tasked with monitoring the financial health of banks. This involves conducting thorough reviews of balance sheets, preparing detailed reports, and analyzing new regulations as they are introduced. This field presents a range of exciting opportunities for new accountants, including roles such as Bank Compliance Officer, Payroll Examiner, Pension Examiner, and Financial Compliance Examiner, among others. Overall, the position of Finance Examiner offers a challenging yet rewarding career path for those interested in the world of finance and accounting.

The banking industry offers a variety of entry-level positions, with the most common being that of a Bank Examiner. A Bank Examiner’s primary responsibility is to ensure that bank facilities are up to standard, loans are being properly assessed, audits are carried out regularly, and bank assets are analyzed accurately. To excel in this role, a candidate should have a solid understanding of finance, excellent communication skills, and be familiar with bank procedures. As per estimates, the average annual salary for this position is around $81,000. It’s worth noting that job opportunities are available in both the private and public sectors and with experience, there is room for growth and advancement in this field.

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

The e-commerce industry has observed a significant boom around the globe. Especially after the covid-19 hit the world, e-commerce business began to escalate to the height of success. Now people prefer online shopping over the traditional way of buying products. At the time, online shopping was considered a convenience or luxury, but now it has become necessary.

Business tycoons now understand the importance of updating their business to the digital marketplace. As a businessperson, be it a small business or a large brand – you must be willing to jump into the online realm. But the question is, how? This blog will shed light on the step-by-step guidelines to start your online business from scratch.

How to Start an e-Commerce Business

Nothing is more rewarding than starting your own business from zero and watching it achieve each threshold. You put effort into building your business, and no one can take it back.

Starting an e-commerce business is not limited to choosing the brand name, preparing product listings, and creating selling online. It requires some significant concerns. The best business ideas can fail if you don’t stimulate traffic to your site. Here are some essential steps that you need to follow to initiate your e-commerce business.

Step 1 – Understand online business models

Research is the first and foremost step in building a business. Please don’t take it lightly. Building an e-commerce business is an investment. So, treat it as such. Before you decide to sell something online, it’s essential to understand the variety of business models. Although researching is not rocket science, it can still leave a strong impact.

You can run your online business based on several models. You want to profit without touching your products or investing a heavy amount. In such a scenario, dropshipping or print-on-demand can be the best choice.

You can also go for owning a warehouse full of goodies. It would be best if you had a heavy investment in this model. Once you know the diverging genres, you can decide on the best option.

Step 2 – Begin e-commerce niche research

An e-commerce site with hundreds of products and dozens of categories cannot result in a practical impact. You need to niche down your products to begin a profitable online store. Remember that you can’t be the next Amazon unless you have a significant investment.

Start with less and grow gradually. Don’t pick the niche that big brands highly dominate. The more specific you are, the fewer competitors you’ll face. When selecting a product category, pick a minimum of 1000 keywords. Make sure the niche you choose works well on social media.

Step 3 – Know your target audience

Now that you know your business model and particular niche, finding your target audience is essential. It’s not possible to market to everyone. Marketing on every demographic is costly and a waste of time.

Therefore, it’s better to identify the target audience interested in your products. Fortunately, Facebook and several other social media tools allow you to segment your audience and target accordingly.

Step 4 – Choose a brand name and register your business

As a business person, you need a brand that connects with your persona. It would be best if you created a brand for your digital store. Once you finish with the initial stages, you need to step forward by creating a brand.

Choose a name that fits your persona and the nature of the business. Make sure whatever name you choose should relate to your niche. Keep in mind; picking your store’s name is part of planning. You probably don’t want to do it at the last minute.

Creating a brand is more than choosing a name. You need to do enormous tasks at this stage, such as registering your business, designing a logo, finding the right vendors, and creating the visual elements for your website.

Step 5 – Create an online store

As you complete all the essential steps, creating an online store is time. It’s time to develop a site and generate a URL to reach your digital shop. Make sure your website is user-friendly. People won’t make purchasing decisions if they’re unable to load the pages. Most people use mobile. So, it’s one of the crucial factors to keep your site mobile-friendly.

The Bottom Line

Starting an e-commerce business requires proper planning. All you need to do is begin with essential research.

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

In today’s world, Environmental, Social, and Governance (ESG) have become an increasingly prominent factor in the corporate world. With growing pressure from stockholders, many organizations in the United States have started reporting on ESG data. This development has made it challenging for Certified Public Accountants (CPAs) to expand their market share in this area. The impact of ESG is not limited to CPAs but also affects the political and social climate during the pandemic.
ESG encompasses defining clear criteria for an organization’s responsible, ethical, and sustainable operations. As such, many countries around the world have implemented ESG disclosure requirements. While ESG data may seem different from financial data, auditors continually evaluate it like financial data. Professionals in the industry believe that CPAs have a bright future in ESG, but they must understand their role in this field and stay focused on their goals.
Overall, ESG is a crucial aspect of the corporate world, and organizations and professionals must understand its significance. With the right approach and knowledge, CPAs can successfully navigate this field and significantly impact the industry.

Seizing Opportunity

CPAs can play a perfect role in integrating into organizational strategies if they work as ECG initiatives. The part of CPA will range from reporting and risk assessments etc. According to PwC, ESC will assist 60% of mutual funds in 2025. A CPA is needed much in this time to stay abreast of new developments and contribute their skillsets. And there is a massive opportunity for CPA because she bought in the long and short term.

Sustainability Report

The CEO of Canada’s eight leading pension plan investment managers represents approximately $1.6 trillion in assets. Companies and investors call on them to provide complete information related to ESG to strengthen their decision-making about investment and risk exposures to manage ESG. CPA is a certified public accountant. It is a qualified person with professional skills, and they understand their clients well so that they will enhance the reliability of ESG-related disclosures. The report gives finance professional Jennifer Burns, CPA at the AICPA chief auditor. And this report reveals that CPA strongly Supports uh information related to global standards for stability.

Huge Opportunity

ESG brings a lot of opportunities for CPAs. A leader in the EU S accounting profession claims it is a massive opportunity for CPAs, and different professionals have different views. As you can see, the future of accounting is just rising daily, and firms have started building their consulting services and seeking ways to serve clients in unusual ways. So obviously, the CPA need is going to be increased. People have different thinking about sustainability. Their standard thought for sustainability is that they feel about the environment and pollution. But in real meanings, sustainability includes economic and societal concerns. Sustainability has evolved, and now it has an expansive definition compared to the old one.

ESG Reporting

If you are a certified public accountant or an accountant in general, consider taking a closer look at the potential benefits of enrolling in ESG. By incorporating ESG into your enterprise risk management processes, you’ll be able to ensure that appropriate oversight is in place over critical ESG matters. Internal controls over data gathering and processing will also guarantee that your data is accurate and complete. These measures can go a long way in helping you to make informed decisions that can ultimately benefit your business.

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

We have stepped to the third decade of the 21st century. It’s more advanced and more surprising. Everything is getting updated with time. So is the currency. For years, you must be hearing the term ‘cryptocurrency.’ It might quench your mind, and you must be curious to jump into the digital currency pool.

Better yet, you can learn all the basics of cryptocurrency in this blog. Understanding every alpha to omega about this modern-day currency is better before investing a considerable amount of money. First, the question is, what’s crypto? It’s a modern-day digitalized currency you can use to buy products or services online.

However, much of the public’s interest in crypto is to make a trade and generate profits. The price of each currency fluctuates with time due to multiple factors. Traders love to invest in a particular coin and later sell then as the prices go high. For a better understanding, let’s discuss some frequently asked crypto-related questions.

What is Cryptocurrency?

Crypto is a payment method used to buy goods and services online. Did you know? Many companies, such as Tesla, have issued their currencies, which you can use to trade their goods and services. You can also term these currencies as tokens to buy goods and services.

How does crypto work?

This modern-day currency works using a technology known as the blockchain. It’s a decentralized technology that spreads and transmits across computers.

How Many Digital Currencies Are There?

If we start counting the number of cryptocurrencies, we can’t trust them on our fingers. You might be surprised to know that people trade more than 10,000 digital currencies daily. CoinMarketCap.com, a market research website, discloses the numbers.

Why Does this Currency Attract People’s Interest and Support?

You might have met people in your surroundings or on social media networks who show more support and interest in crypto. Have you wondered why? Here are the reasons why crypto has become popular around the globe:

• Cryptocurrency, particularly Bitcoin, is the future currency of the world. It will become more valuable, and the prices will go high. It is one of the reasons people show interest in investing in these currencies.
• People love the fact that the central bank is not involved in managing the money supply. As a result, banks can’t reduce currency’s value via inflation.
• Another reason to prefer this currency is it runs through a decentralized form of technology. Due to this, it’s more secure than traditional payment methods.
• People like this currency because it’s a great form of investment. The value may hike with time. So, it’s a long-term form of making reformed profit margins.

Is Crypto a Good Investment?

You might have many questions in mind before you invest a considerable amount of money in something. It’s essential to learn the details before making an investment decision.

Cryptocurrencies might go high in value, but investors or financial advisers see them as not real investments. Reason? It’s simple. Like authentic or traditional currencies, there is no cash flow. What does it mean? It means for your profit, someone must pay more money than you did. That’s where investors call it the more excellent fool theory of investment.

However, some investors believe it’s an excellent way to make significant profit margins quickly. But still, there is a risk. This currency still needs stability so merchants and consumers can reach a fair price for goods and services.

How to Buy Cryptocurrency?

You can buy some cryptocurrencies, including Bitcoin, against U.S. dollars. However, there are some currencies that you can only buy with bitcoins or other digital currencies.

Remember that you need a digital wallet to buy and keep your digital currency. There are online apps and sites where you can create an account to trade and keep your currencies. Once you create your account, you can transfer real money to buy cryptos, such as Bitcoin or Ethereum.

The Bottom Line

Bitcoins and other cryptocurrencies are escalating the ladder of success with the massive audience’s support and interest. However, you must understand there is still no stability like the real currency. About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

Podcasts are great for anyone wishing to learn personal finance basics if you are finding inspiration to get money management on track, whether you are a recent high school graduate who knows little about personal finance or attempting to stop a terrible credit card habit.

In recent years, many personal finance experts have joined the podcasting revolution, and their guidance can help you set personal finance objectives for the year ahead.

The Dave Ramsey Show

Dave Ramsey Show is one of the best radio hosts and a best-selling author with the best financial guru talking about managing finances, debt, retirement plans, and making your marriage successful. It is ideal for everyone who wants to learn anything from a reliable source without becoming bored.

Stay Wealthy

The podcast is hosted by none other than Taylor Schulte, a financial planner, talking about financial topics such as IRAs, retirement income methods, insurance, pensions, social security, and more. All the episodes aim to provide the knowledge and resources you need to oversee your financial situation and make better financial decisions.

Retirement Revealed

One of the top-ranking podcasts is for those constantly worried about their retirement life. You can connect with top financial experts who clear your misconceptions about managing finances and reveal some of the best money-saving techniques for your retirement.

Planet Money

Planet money is about saving money, increasing your financial standards, and gaining wealth strength. It might not seem remarkably interesting to others, but it is a fun listen. The podcast builds your grounds for, discusses your financial plans, and helps you improve your financial decisions.

Find your Freedom

Becky Blake won the Best New Personal Finance Podcast award in 2020 for her podcast Find Your Freedom. This podcast tells the stories of women who have been debt-free, achieved financial independence, quit their jobs, launched businesses, traveled the world, and defined freedom for themselves.

Journey to Launch

Jamila Souffrant won the Personal Finance Podcast of the Year award in 2020. The podcast is listened to by the high school graduate looking for money-making and early retirement tips. This podcast will advise you on increasing your savings, paying off your debt, and leading your life with high financial standards.

Side Hustle School

Side Hustle School received the title for Best Entrepreneurship podcast. This podcast releases its’ new episode every morning to make up its mind and earn money. Each of their episodes is approximate. If you listen to the podcast, you will hear a variety of instances of how regular people are minutes long so that you do not get bored and is easy to digest.

Bigger Pockets

This podcast provides information about investing in a real estate business and earning millions. Earning money is not only about getting success every time. You may acquire or fail, but every time you fall, you will learn something to help you grow more confidently and make better decisions.

Afford Anything

The host of this podcast, Paula Pant, speaks with a wide range of high-class professionals, including top-class entrepreneurs to early retired people. Not only this, but the host also talks to ordinary people to discuss their daily financial problems.

The Tim Ferriss Show

Tim Ferriss is an icon among top entrepreneur billionaires. The podcast is a big hit. The best-selling author of “The 4-Hour Workweek” holds forth while eliciting nuggets of wisdom from A-list guests like Arnold Schwarzenegger and LeBron James to figure out what makes a great entrepreneur tick.

The Fairer Cents

The title of Best Personal Finance Program for Women has this award. This podcast discusses super cool women and how they make a ton of money. So, if you are into finance and economics, then this podcast is really for you.

Do More with Your Money

This highly-rated podcast discusses increasing your savings, reducing tax liabilities, investing in practical and high-return projects, and planning financial freedom. TJ’s expertise in the areas of equity compensation, diversification, and early retirement will also be beneficial to you.

Her Money

Jean Chatzky is a best-selling author who brings her engaging literary style to podcasting, with this episode focusing on women’s economic issues. It is shamelessly honest, humorous, and beneficial for women who want to advance in their careers and accumulate riches.

Mo’ Money Podcast

Millennial women are entering a new era of wealth creation and will face obstacles they may never encounter. Jessica Moor House, host, and qualified Canadian financial consultant, navigates basic economic themes with natural appeal to female strivers like her in the “Mo’ Money” podcast.

Real Estate Investing Mastery

This podcast is all about getting started with real estate investing. Host Joe McCall goes through the minor elements that might make or break a job (or side business). Whether you are a high-school graduate looking for something big, a real estate investing podcast is all for you.

Money Talks

Money Talks is a podcast that teaches you the fundamentals of investing and provides a forum to discuss money to achieve your financial goals. The podcast discusses themes such as stock market investment, side income, speaking with members of the FIRE community, and money philosophies and lifestyle changes. About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

A smartphone is an essential thing in your pocket that you will never forget at home, right? You may leave your wallet or driver’s license, but you can’t forget your phone. It has become essential to your life; you can’t live without a smartphone.

Now you can do all your work from your phone – be it ordering food, calling a cab, booking an airline ticket, or socializing with your peers. If you can do many things, then why not make money? Yes, it’s true! Numerous people make side money from their smartphones.

Who doesn’t want money? It’s always better to make extra money from an additional source. You can easily earn extra money from your smartphone while sitting at home. There is no hustle to run behind anything. There is no need to invest a considerable amount of money. All you need to do is be smart with your smartphone. This blog will show how you can make money from your phone.

Perform Micro Tasks from Your Phone

One of the easiest ways to make money from a smartphone is by performing microtasks. It hardly takes 15 minutes to complete these tasks. Every time you complete a job, you are paid money. However, there are a variety of paid tasks you can do from your phone. Following are some micro-paid tasks.

Swagbucks

Swagbucks allow you to quickly get paid for tasks you can do in five minutes. These tasks include playing games, doing daily surveys, and watching videos. Swagbucks also pay you to search the web. Isn’t it interesting? When you perform these tasks, you don’t even work at all.

As you complete the tasks, you will receive points, and you can redeem these points for PayPal cash or gift cards.

InboxDollars

There are multiple ways to earn money from InboxDollars. This platform provides tasks like reading mail, watching videos, and taking surveys. You can work simultaneously on both platforms – InboxDollars and Swagbucks to make more money.

MyPoints

It is a sister site of Swagbucks. These sites might have the same tasks, but the rewards might differ.

Take Surveys on Your Smartphone

Taking paid surveys is one of the popular tasks to make money from your phone. There are various paid survey tasks on the internet. Different product developers, retailers, and numerous companies seek your opinion, and eventually, they pay for it. Following are the platforms where you can take surveys on your phone.

Survey Junkie

Survey Junkie is among the best survey apps on Google Play and the IOS App Store. If you prefer taking surveys, this platform is the best option. You help the brand shape new product designs with the surveys on these platforms. You can receive points for each survey you take, and for points, you can get cash or gift cards.

Vindale Research

Vindale Research is one of the survey platforms you can use on your desktop or mobile. This platform also enables you to make extra money by watching videos and giving feedback. Vindale pays in PayPal cash or paper check. You can request instant payment after your account balance reaches $50.

Opinion Outpost

Opinion Outputs is another platform for a survey that gives cash or gift rewards every time you take a survey. In addition, the platform also provides an opportunity to win quarterly $10,000 prize drawings.

You can do surveys on diversified topics. For instance, one day, you might answer questions about your brand. You’ll need to answer questions about your opinions and beliefs on another day.

Panel Payday

Panel Payday allows you to connect with paid surveys and mystery shopping jobs. You can earn up to $75 per survey on this platform. The paid tasks on Panel Payday include online mini-jobs, discussion groups, online surveys, mystery shopping, and focus groups. If you do the mini job on Panel Payday, you can earn a handsome amount per job.

The Bottom Line

Your smartphone can help you earn extra money. All you need to do is participate in micro tasks and perform online surveys.

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

Content marketing in 2020 was considered some rapid strategic changes and how quickly and can adapt to changes. 2021 it could prove that compliance will be as exact as before.

Have you overheard the quote, “Content is King”?

Yes, you have heard it, but that doesn’t mean writing explicit content that is more than a thousand words will robotically get you more drive traffic than I suppose you might be wrong. Have you noticed that you keep writing content but aren’t getting enough traffic you expect? Don’t worry; we know what you are going through and will tell you the solutions. But first, understand how content marketing is changing.

According to the survey, millions of blogs exist. So, what does it mean? It means the number of blogs is growing faster than the population. There is more than one blog for every people. That’s a big count! So why should one read your blog instead of others? But here, one question arises, why is content marketing not working in the same way?

Because the reason behind it is the number of blogs and tons of competition; whatever you plan to write, there are big chances that someone already has. Content drive awareness, and increase revenue when it happens correctly.

But still, the question is valid. Why does content marketing change so significantly?

Content marketing is evolving to keep pace with technologies, trends, and consumer demands. For example, increasing mobile devices, voice search, and social media require us to stay on top. Content marketers must adapt these strategies to meet these changing trends to reach their potential audience.

Content Marketing Trends that Will Change Everything

Now, it’s the time of the year again. Content marketers get out of their comfort zone and brainstorm to prepare for the coming years to meet the pace of changing trends.

To give you the best, we must communicate with many market experts about the content marketing trend they are looking forward to – what they expect to see and want to try and why to include that in your planning.

Here are some of the top content marketing trends you must know:

• Building community
• Live videos with the audience
• Focusing on product and services
• Doubling down on SEO
• Repurposing content across different channels

Building community

The most significant marketing trend everyone discusses isn’t a surprise. Unique content and building communities are the talks of the town. During the pandemic years, people realized the importance of building communities for marketing. Developing a community around content sharing allows marketers to expand their reach, even with fewer resources. Expanding your reach is excellent for a remarkable reputation. Whether you are creating content for your social channel, your web, or a webinar, keep the focus on making your audience feel like a community.

Live videos with an audience

With the passing years, video and webinar content has been even more critical, and it’s not going away in the long run. Creating videos is a positive way to increase your return on investment (ROI). Nowadays, people are paying more attention to living videos and webinars, which can suit your brand if you choose them right.

Focusing on product and services

Other than these two, one more content marketing trend that experts expect to continue is creating content that will focus on your product and services. The laser focuses on creating content by observing the buyer persona related to products and services. But it can also give the insight to understand better the ROI generate through content.

Double the SEO

Some trends never go out of style but fall in and out from time to time. For beauty, it’s the blueliner; for marketing, it is SEO. That means spending time planning a solid SEO strategy by targeting keywords will be even more critical for your content strategy next year.

Repurposing content across different platforms

It is the marketer’s most liked trend. Creating engaging content with few resources will be people’s most significant trend opportunity. What does it mean? You must repurpose the content across different channels. When creating engaging content, it is better to repurpose it and share it with many people.

What are you waiting for, jump on these noteworthy trends and be on the top. Create high-quality content that drives more business to your website.

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.