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Coupons - Complete Controller

Both customers and entrepreneurs have been utilizing coupons to gain a market advantage. In this way, coupons are a win-win situation that both organizations and the consumer profit from. Customers feel that they are saving cash by using coupons, while entrepreneurs take advantage of the increased brand awareness to promote their products or business. Check out America's Best Bookkeepers

For Business

Research has demonstrated that a business’s sales increase exponentially when they offer at least a 20% discount on any item. This is due to the irresistible power of a coupon. Additionally, the name and address of the company are noticeably printed, providing extra promotion. Providing coupons helps the individuals view the brand as a “thrifty choice,” which leads them to the website in search of further deals.

Advertising through coupons is also very persuasive in drawing new customers to your store. When a new customer visits you, whether it is in-store or through the website, there is an opportunity to turn them into a regular customers. Regular customers are significantly valuable due to their repeat business. Check out America's Best Bookkeepers

Occasionally, a product may be hard to move. This could be due to various reasons, including inappropriate costs or poor marketing. By offering bargain sales through coupons on these products, you may be given the opportunity to be re-introduced to consumers. While sometimes the deals you offer may cause your finances to take a hit, marketing professionals advise that it is still advantageous to offer these coupons to increase the number of your customers and products sold. Coupons also have an astonishing mental impact on customers, attracting them to your brand.  A discount sale encourages the purchaser to feel as though they have achieved something, a “Killer deal!” which enables them to justify their spending. Through coupons, business owners are providing something valuable. Instead of persuading a buyer through basic advertising, the business owners offer a great deal, which prompts the customer to check out the product for themselves. Subsequently, numerous customers consider coupons to be an act of kindness and generosity instead of an assertive and over-bearing attempt to sell the products. Check out America's Best Bookkeepers

For Customers

Due to coupons provided by companies, more customers are able to afford more products. Coupons are not only beneficial in the retail market but also in the restaurant industry. A discounted meal allows the consumer to try out new food that they would not have otherwise been interested in. The logic behind this method for some consumers is that if they do not like the food, they didn’t break the bank over it. Coupons allow customers to get more for their buck, and especially now, customers appreciate the discount. 

In the supermarket industry, coupons allow customers to purchase products that they normally buy monthly, in bulk. This is helpful in saving money long-term. Coupons are particularly useful for boxed and/or canned foods that have a longer shelf-life. Even though it may be a rather tedious process, comparing the prices of items purchased through coupons to those purchased at full price will enable the consumer to know if the coupons have really been successful in saving money over time. Coupons also allow people to stock up on items needed for emergency preparedness. Additionally, they facilitate consumers to more effectively ration and extend their monthly or weekly budget. The cash that is saved through using coupons can be diverted towards savings goals, such as a mortgage or vacation funds.

It is easily concluded that coupons are beneficial for both business owners and their customers. Therefore, you should consider the ideas mentioned while promoting your business or saving money on products and services.

Check out America's Best Bookkeepers 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-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure 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. Check out America's Best Bookkeepers
Tax Preparer - Complete Controller

It is no secret that many people often prefer to hire tax advisors to file their taxes. However, many people are unaware that this option even exists. If they do, they often refrain from asking the important questions in the beginning to legitimize their potential advisor. A total of 80% of people who acquire tax advisors never bother to ask about documentation or credentials. Through a recent survey, around 75% of people never bother to ask whether their advisor will be representing them if a tax audit happens or not. Check out America's Best Bookkeepers

To some, hiring a tax advisor may sound like a crazy idea. Sharing all their personal details with that person regarding their income, their accounts, personal life, kids, along with their social security number, maybe extremely anxiety-provoking. The question becomes, how can you find a reliable tax advisor with proper credentials and who fits your specific needs? Here are few tips that will help you:

  1. Ask for an advisors Tax Identification Number

According to the Internal Revenue Service, anyone who is assisting or preparing to assist in federal tax returns must acquire a PTIN. However, these rules don’t apply to volunteer advisors. Always be sure that the tax advisor you have hired has a legitimate PTIN number and that they put it on your tax returns, as this is also a requirement of the IRS.

  1. Require a CPA, law license, or Enrolled Agent description

It is not hard to obtain a PTIN, so why settle there? Advance a step and get an advisor who is a certified/ licensed enrolled agent. This is someone who has completed the IRS Annual Filing Season Program (AFS). Such identification requires vast amounts of study along with education and an exam.  

How do you find a reliable tax advisor with proper credentials who fits your requirements? A great way is to check out the Internal Revenue Service directory. This contains a list of authentic and recognized professionals that you can choose from. These professionals are reliable and vetted, ensuring that they deliver exceptional service. Check out America's Best Bookkeepers

  1. Look for friends in high places

Being a member of proficient organizations like the “National Association of Tax Professionals,” “National Association of Enrolled Agents,” or the “American Institute of Certified Public Accountants” is an extremely beneficial credential to have, as most of these organizations have proper moral codes along with a set of certified conduct expectations.  

 

  1. Reconsider those who don’t e-file

The Internal Revenue Service requires a paid tax advisor, who can complete more than ten tax returns for a customer, to be able to file automatically through the Internal Revenue Service e-filing method. If a tax advisor fails to offer an e-file, it is a clear sign that this advisor is lacking in experience and is not doing as much tax prep as they portray. Check out America's Best Bookkeepers

 

  1. Confirm they would sign on the dotted line

According to the law, these paid tax advisors are required to sign their customers’ takings and mention their PTINs to ensure legitimacy. Avoid signing a vacant tax return because it will allow advisors to put anything they choose on the return, like their own bank account details, in order to steal your refunds.

 

  1. Check if they’d have your back

Like enrolled agents, such as attorneys with CPAs, PTINs can represent a client in front of the Internal Revenue Service throughout audits, expenses, compilation problems, etc. Advisors who fulfill the “Annual Filing Season Program” have the authority to represent customers but only under limited circumstances.

Being available and accommodating is also crucial when hiring an advisor. Even after the tax returns are done and the filing season is over, a professional tax advisor will take your case, reply to an email, and allow you to come for a visit.

 

Check out America's Best Bookkeepers 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-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure 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. Check out America's Best Bookkeepers
Professional Help Filing Your Taxes - Complete Controller

Most people do not like the tax season, except when they are expecting a large refund. The process of getting your documents in order all on your own can become rather troublesome. If you are unsure whether you need professional help with your taxes, the following are some signs to watch out for. Check out America's Best Bookkeepers

No time

For many individuals with multiple ways of earning, complying with the requirements that come with doing their taxes may be a daunting affair. Even those who have only one job may still find the process to be tedious and difficult. It can be very time consuming to prepare the appropriate documents for the tax return. Most individuals employ tax professionals to do their taxes so that there are minimal chances of thoughtless and costly mistakes. Individuals tend to continue their routine work and let the tax advisors do their job. It is important to ensure that the accountant you hire has the proper qualifications, along with appropriate credentials. Check out America's Best Bookkeepers

Major life change event

Many significant life events may occur over time. Some of these include getting married, divorced, having a child, or obtaining another employment. These events could mean an addition or reduction in the yearly income. If you are getting married, it means that an addition is going to be made to the annual income if the spouse also works. Moreover, if someone gets a divorce, it means that the divorce settlement has to be met. When your tax situation changes, there are steps that need to be taken, along with various forms that need filling. If someone does not understand the tax law, it is important to hire a professional who will advise what to do. If someone forgets to make certain changes when they file, it could result in IRS charging them with added fees.

 

Business taxes

When a person starts a business, it is a given that taxes will become more complex. Business taxes vary greatly from personal taxes, regardless of whether you are an exclusive owner. In the event of starting up a business, it is prudent to hire a tax accountant or a bookkeeper to assist in taking proper care of the taxes. A professional tax advisor will guarantee that you get the most deductions you warrant while steering away from the expenses you cannot claim. Check out America's Best Bookkeepers

From the birth of the business, you must make sure that you have separate accounts for the business and any other income that you earn. For some people, distinguishing between the two can be troublesome, so it is typically a good idea to hire a professional bookkeeper or a tax accountant to help with filing the tax forms. Regardless of whether any business achieves success or not, there will always be additional charges for taxes, which can be tiresome and tedious to fill out. An accountant will also provide advice on how to diminish taxes throughout the year.

 

Paying back taxes

One of the most common errors individuals make is paying taxes on past filings. This may be because they must account for personal costs, including the amount given to the Internal Revenue Service (IRS). A professional tax accountant can assist with managing finances with regards to recounting what has just been paid versus what more you will have to pay. There may be a case where you are awaiting a refund, yet the taxes are still being paid. This process can become a bit complex when the time arrives to disclose this to the IRS. Therefore, it may be beneficial to have a professional look at your taxes.

Check out America's Best Bookkeepers 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-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure 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. Check out America's Best Bookkeepers
Raise Your Credit Score - Complete Controller

Every adult that has purchased anything on credit has a credit score. Your credit score gives you buying power when it comes to homeownership or financing a vehicle. It can also affect what you pay for internet and phone services, utilities, and insurance. There are even some companies that require a certain credit score to be employed with them. A high or low credit score can be the difference between a great job and a good lifestyle and higher interest and debts.

Because there is such importance placed on your credit score, it is essential that you know what yours is and how to get it higher and keep it there. Here are five tried and true ways to raise your credit score. Check out America's Best Bookkeepers

Credit Cards

When it comes to your credit score, a credit card can have a large positive or negative impact on your credit score. Most people carry at least one credit card though it is suggested that you avoid having one altogether if possible. If you feel you must have a credit card, here are a few things to keep in mind.

  • Don’t get a credit card with a high-interest rate
  • Don’t have more than one credit card
  • Make more than your minimum payments
  • Always keep the balance lower than 10% of your limit
  • Make them a priority to pay off before no to low-interest loans or payments
  • Only use your credit card for emergencies

Avoid Debt

While it is understandable that most people don’t have enough cash on hand to purchase a home or car without a loan, you should avoid purchase on credit as much as possible. When you do need to carry a loan, here are a few things to consider. Check out America's Best Bookkeepers

  • Shop for lenders
  • Get the lowest interest rate possible
  • Borrow from a friend or family member to avoid interest
  • Pay more than the minimum payment
  • Make these loan payments a priority
  • Pay them twice a month if possible

Stop Applying

Many people don’t realize that every time you apply for a credit line, whether a loan, a rental application or a store credit card, those applications initiate a hard credit check. Every hard credit check lowers your credit score. So if you are car shopping or trying to get a discount on your purchase by applying for the store credit card, you are lowering your score. Here are some things you can do to avoid this.

  • Don’t apply for cards or store credit; you don’t need to get a discount
  • Go to your bank or a lender and obtain preapproval for a car or home loan before shopping
  • Use websites that do not affect your credit score to check your score and know what it is before applying for lines of credit Check out America's Best Bookkeepers

Dispute Your Credit Score

Many people think their credit score is etched in stone and cannot be changed until the credit falls off. While it is true that after seven years old debt falls off, there are times when items on the credit report don’t belong there. Here are some things you can do to get bad debt removed from your credit score.

  • Dispute old debt that is still on your report after seven years
  • Dispute any debt you don’t recognize
  • Pay off any debt that is still on your valid credit report

Pay Bills on Time

While financially responsible working adults should pay all bills on time, it is especially true of those bills that will lower your score if paid late. When prioritizing your bills, you should make those bills with high-interest rates and attachments to credit reporting a priority. Here are a few other things to keep in mind when paying your bills.

  • Pay more than the minimum payments on bills with interest
  • Check to see if any of your utility or service bills can be attached to your credit score for paying on time
  • Make double payments per month on bills with interest

Conclusion

These are five areas of focus that will improve your credit score if you apply them. Knowing your credit score and how it affects your financial health should be a priority to every financially responsible working adult.

Check out America's Best Bookkeepers 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-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure 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. Check out America's Best Bookkeepers
Common Functions of a Bookkeeper - Complete Controller

Bookkeepers or accountants play an important role in many companies since they are in charge of maintaining financial records, making them balance, and accurately updating the accounting books. Their work is of value to all types of organizations or companies, whether public or private, since these individuals monitor the flow of money entering and leaving the corporation. Large companies tend to have more than one Bookkeeper on their staff. At the same time, the rest prefer to have only one professional in charge of this management or, on the contrary, prefer to hire the services of a specialized accounting firm. Provide your services to third parties. Also, some Bookkeepers choose to work independently or independently.

Bookkeepers produce financial reports based on information collected from the books they keep. Based on these records, the shareholders, managers, and accountants verify the company’s financial status and determine the most suitable way to proceed in future projects. Check out America's Best Bookkeepers

Here are the most common functions of a Bookkeeper:

  • Manage and control the accounting books of the company in which they work or their client:
  • Set parameters for accounting books.
  • Make the balance of the accounting books.
  • Take advantage of programs and systems capable of simplifying their work.
  • Keep the general ledger updated:
  • Review and record the daily income and expenses.
  • Make the balance in the columns of assets and liabilities of the ledger.

Prepare accounting reports:

  • Analyze the stopped and current statistics of the company.
  • Verify that the expenses are duly justified.
  • Verify that the income is properly registered.
  • Prepare a report based on the information described above. Check out America's Best Bookkeepers

Create and maintain the budget of the company:

  • Explain the budget to clients or supervisors.
  • Advice on budgetary matters.

Prepare financial statements:

  • Calculate the status of the accounts at the end of the year.
  • Prepare and submit reports based on the information in the accounts.
  • Determine the type of documentation required by the company.

Make reports regarding the tax return:

  • Comply with tax legislation.
  • Determine possible deductibles.
  • Provide advice on tax irregularities.
  • Project the future statistics of the company based on its current financial balance.

Daily tasks:

  • Keep the financial records of the company.
  • Set the income and expenses of assets in the general ledger.
  • Make the balance of the accounting books.
  • Prepare checks, payrolls, tax returns, payments, among others.
  • Make tax returns.
  • Complete and submit tax return forms.
  • Prepare financial reports and make projections based on the information indicated therein.
  • Establish and plan budgets.
  • Candidate profile.

Communication skills:

  • Communicate clearly, both orally and in writing, to provide financial advice effectively.
  • Explain the accounting procedures to their clients or superiors, simplifying complex and extensive matters, using non-technical language.
  • Write detailed and concise reports and be able to explain the results to your clients or superiors.
  • Be in the capacity to work as a team. Check out America's Best Bookkeepers

Retail Accounting:

  • Analyze financial information in detail.
  • Record information meticulously in the accounting books.
  • Make the balance of extensive and complex books.

Organized and able to manage your time effectively:

  • The capacity to work with different clients and make the balance of different books simultaneously.
  • Be able to write reports to different clients.
  • Comply with the delivery dates.

Analytical skills:

  • Analyze income and expenses to detect possible deductions.
  • Have a systematic approach to analysis.
  • Analyze budgets
  • Conceive ways to increase efficiency.

Excellent computer knowledge:

  • Use specialized accounting programs.
  • Be familiar with specialized programs.
  • High levels of integrity and honesty.

Although the requirements to perform as a bookkeeper are not all universal, in general, companies are looking for candidates that meet a series of common qualities. On the one hand, it is required that the aspirant has completed his high school studies; However, in some sites, a profile is developed for those who followed technical training in accounting or accounting students. In other cases, the talent hunt is filtered by those individuals who have a university degree in Finance, Mathematics, Business Administration, Accounting, or other related careers. Having work experience in related areas gives added value to the profile of the candidate.

Check out America's Best Bookkeepers 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-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure 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. Check out America's Best Bookkeepers
be Thrifty - Complete Controller

We often hear about the importance of saving and getting advice on investing to contribute to your company’s 401(k). Though all of the professional advice is important, there are other ways you can save money that no financial advisor will suggest. Saving money by being thrifty is easy and can, in some cases, be fun because it involves shopping. Here are five ways to be thrifty and boost your savings. Check out America's Best Bookkeepers

Shop Second Hand for Clothing

Most clothing snobs would never consider buying clothing second-hand, and maybe they can afford to pay full price for new clothing as needed. But every fashionista on a budget will tell you that you can get amazing clothing that looks new and cost you pennies on the dollar. When you are in a clothing shopping mood or need an outfit for a specific event, it’s time to hit the ATM and map out yard sales and swing into thrift stores as you go. This type of second-hand clothing shopping can net some name brand clothing or clothing that, in some cases, was never worn before given up at deeply discounted prices. Often daily thrift stores will have additional savings for certain clothing types or tag colors. You can walk out with brand new, name brand clothing in some cases for less than a dollar.

You may not always find what you are looking for if you have a specific need, but you can find exactly what you need or a better choice in many cases. Not to mention hunting for the perfect bargain outfit can be a fun process. Yard sales often offer a similar treasure trove of great clothing for deeply discounted prices. However, yard sales don’t offer a wide variety of sizes, like a thrift store. Check out America's Best Bookkeepers

Used Furniture

You can shop online or through apps that offer used furniture for a steal. Often the furniture is in great shape for a fraction of the cost. If items are in rough shape, you can generally refurbish or repurpose them for minimal cost and have a great new piece. You can also find great used furniture while you are clothing shopping at the thrift store. Thrift stores have various used items and can be a one-stop shopping experience that will have you fulfilling a variety of needs or wants for a fraction of the cost for new items.

Pawn Shop Treasures

If you have never stepped foot in a pawn shop, you miss out on amazing used items for deep discounts. While you are purchasing everything from electronics to jewelry as is, pawnshops will allow you to try items to make sure they work before you walk out the door. In some cases, if you are good at fixing things, you can get items in need of repair for an extremely low cost. Do yourself a favor and go check out the nearest pawn shop as soon as possible; you will be addicted to the savings and amazing items you leave to take home. Check out America's Best Bookkeepers

Sales

Sales are not a surprise on this thrifty list, but sometimes we need reminding that we should hit up sales as much as possible. It is not suggested you hit up sales for the sake of the sale, but if you need the sale fulfills, you shouldn’t pay full price for that need. The idea behind being thrifty is that you fulfill your needs or wants the least expensive way possible. If you only need one item, take a friend with you to a buy one get one sale and split the total cost for your two items. Being thrifty doesn’t mean you have to sacrifice the enjoyment of shopping. You may even find the challenge of how much you can get for the least amount of fun.

Coupons

Coupons can save you a few dollars on every shopping trip, but if you become a professional couponer, you can end up with many free items that you can save for future use or donate. Many who dedicate themselves to professional level couponing say it is fun and exciting to see how little they pay for many items. Some are so strategic they walk out of the store with multiple baskets of items, having spent less than $100. If you don’t have that kind of dedication, don’t worry. You can still save a lot by using coupons on items you were already purchasing. Many stores have apps that allow you to electronically clip coupons is an easy way to save that can add up.

Check out America's Best Bookkeepers 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-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure 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. Check out America's Best Bookkeepers
Debt Making Mistakes - Complete Controller

Financial debt is something that many have to deal with at some time or another in their life. Due to poor spending habits or taking out loans for larger purchases, you need to work to overcome debt. Paying down debt is possible, but there are some mistakes that many people make when it comes to debt. Here are six debt making mistakes you should stop making. Check out America's Best Bookkeepers

No Negotiation

It is surprisingly easy to negotiate your credit card debts. Most people don’t even think about negotiating the terms of their debts and payments, but it is one of the easiest things to do. In most cases, you merely need to pick up the phone and call your bank and ask if a lower interest rate is possible. Though this is an easy task, many people don’t do it. One call could save you thousands of dollars in some circumstances, so make that call.

Failing to Plan

Most people don’t think it is necessary to have a planned budget to pay off their debts. This could not be further from the truth. You need to have a planned budget that shows you exactly where you’re spending, so you know where to make changes and cuts.  The most important thing to remember is that you need to create a strategy and stick to it. While you may have to do without some luxuries for a little while, it will be worth it when you are debt-free because of your efforts. Check out America's Best Bookkeepers

Failure to Prioritize

Many people don’t prioritize debt. If there is difficulty with making payments in some cases, they ignore the debt and allow it to grow or default. Once you make your debt a priority, you must put the debt that carries interest first, such as credit cards or loans. Paying off the highest interest debt first will save you money as the interest rates can make the debt grow and possibly become unmanageable.

Paying Bills Late

When people fail to pay their bills on time, the amount increases after the due date because of late fees. It means that you are just giving away your money in late fees to credit card companies, banks, and landlords. Paying late on some bills also affects your credit score, so you not only get hit with the fees but also decrease your purchasing power. To fix this problem, you need to budget and live within your means and pay your bills on time. If you are consistently late, you need to find where the problem is and fix it. Check out America's Best Bookkeepers

Not Asking for Help

Pride is a tough thing to deal with, but many people have it when It comes to finances. While it is not suggested that you ask for financial assistance to pay your bills or make ends meet regularly, there are times when it could be the difference between peace of mind or dire issues. You need a roof, electricity, water, and food. If any of those are threatened and don’t have the means to cover them, you can ask for help. In some cases, you may have a friend or family member that can give you a no-interest loan you can use to consolidate and pay down debts so you can start on an even field. Put aside that pride and ask. The worst they can say is no.

No Emergency Fund

Having an emergency fund saved is so vital that a whole article could be dedicated to it. If you have no other savings, account you should at least have an emergency fund. Start small and save $1,000 in as large increments as you can afford without hardship. Once you have reached this goal, start saving towards equal to six months of your income. Once you have this saved, you can decide if this is enough padding for you or save to twelve months of income.

Some important things to remember while building an emergency fund. Don’t focus on any other savings until your emergency fund is complete. Use the highest interest savings account you can find for these savings, so it grows. Money market accounts are notoriously great for this type of savings because of interest and ease of access without being too easy to access that you are tempted to spend for non-emergency expenditures. Have a trusted friend or family member named on the account or power-of-attorney to someone if you are incapacitated so it can be accessed to take care of everything during those times.  

Check out America's Best Bookkeepers 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-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure 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. Check out America's Best Bookkeepers
Online Banking - Complete Controller

Technology has changed the way we function. It has modernized everything, and banking is no exception. Through online banking, you can now access your accounts through a cell phone or a computer. Online banking or internet banking is an online payment system that allows the customers of a financial institution or a bank to conduct a wide range of financial operations through the bank’s website.  Online banking has revolutionized the way financial transactions are being conducted today. It is much more convenient and easier than its post-technology counterpart, branch banking. Through online banking, banks have reduced costs as online banking only has a virtual presence.

Thanks to online banking, now you don’t have to visit the bank in person and wait in painstakingly long lines. You can access your account through your cell phone and carry out all your important transactions while staying in the comfort of your own house. The advantages of online banking don’t stop there. Here are seven things you can do via online banking. Check out America's Best Bookkeepers

Pay Bills

You can pay your utility bills through your cell or your computer thanks to online banking. This saves you both time and energy that you would have otherwise wasted with a trip to the bank. You can even access all your payment history for each account you pay through online banking.

Make Deposits

Through internet banking, you can deposit checks by simply entering the amount on the check and taking a picture of both the front and back of the check through a secure app. The app will use the phone’s camera, but these photos will not be saved on your phone for security purposes.

Research Your Payment History

You can search your payment history for any specific payment transaction. Not only is this easy, but perfect for times when you lose track of your bill and want to check when was the last time you made a payment. Check out America's Best Bookkeepers

Review Your Account

You can review your account balance and activity through internet banking. Online banking allows you to check your account’s details 24/7, which offers convenience to those who don’t have the opportunity to get to a bank during business hours.

Make Transfers

If you happen to more than one account in a bank, you can make online money transfers. Your funds get transferred instantly and only takes a few seconds of your time.

Get Notification

You can get notified through text and mail alerts for any account activity. This keeps you up-to-date with your account balance, and this is perfect for those who have their paychecks deposited directly. Email alerts also help keep your account secure as they warn you of any fraudulent activity.

Send Money

Sending money to a friend or a family member has never been easier. Most banks offer a wire-transfer service through which you can instantly send money to anyone for a small fee. Check out America's Best Bookkeepers

Online Banking Security

Banks take special precautions to keep your account information secure. So, yes, online banking is secure. However, there are certain things you can do to keep your account secure. These include:

  • If you ever happen to receive an email claiming to be from the bank and are asked for personal information, then chances are it’s not from the bank. These are scams that can leave you bankrupt. Also, don’t ever click on any of the links found in such emails.
  • Never leave your account without logging out. If you are using the app, it will automatically log you out, but you have to do it manually if you are using your browser.
  • Don’t access your account using public wi-fi unless you have VPN coverage, as this can lead to your account being hacked. Always use a secure wi-fi connection like the one at your office or home. These are protected connections.
  • Keep your computer updated with anti-virus software.
  • In case you notice any suspicious transactions make sure to inform the bank immediately.

With its rising popularity, online banking is the future. Many banks have even started shutting down their smaller branches and only offer online banking. If you haven’t started online banking, then do it today. It’s easy, it’s hassle-free, and it saves time.

Check out America's Best Bookkeepers 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-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure 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. Check out America's Best Bookkeepers
Startup Business - Complete Controller

Every startup business requires capital to fund the initial set up and operational needs. These needs include funding for product development, acquiring new inventory and equipment, and initial rollout efforts to pay your employees or fund general operations. Entrepreneurs need to know how to utilize and manage their business finances to run their new business smoothly.

Raising capital for a startup business can be challenging but not impossible. There are several ways to acquire startup capital, but they aren’t all necessarily reliable. If you have the perfect business idea but lack enough funds to start the business, it doesn’t necessarily mean you have to abandon the business idea. There are several funding options you can opt to make your business a successful one.

The first thing you should do is develop a reliable and thorough business plan and figure out the finances needed to start and operate your new business. Once you have a clear idea of the costs to start and operate your business, you can look for ways to finance your business. Here are five smart ways to fund your startup business that is tried and true. Check out America's Best Bookkeepers

Fund the Business Yourself

Today it is estimated that over 90% of startups are self-funded. This type of funding is known as bootstrapping. Unless you have a windfall or substantial savings, this option can take time as it takes a long time to save a large sum of money. The major advantage of financing your business yourself is that you would not be required to give up any control of your business or its equity.

Pitch to Friends and Family

Once you have a solid business plan, you should develop a presentation to pitch your business idea in front of your family and friends. If they don’t believe in you, then do not expect that outsiders will support your idea. Outside of self-funding, friends or family buy-in is the second most common way that small business owners obtain capital to start their business.

Business Grants

Business grants are government or privately given funds that are completely free with no expectation of return or payback. Grants typically require your business plan, but you are expected to submit to a long application process. If you don’t need the money immediately to get started, these grants can come months after startup. Check out America's Best Bookkeepers

Angel Investors

Angel investors are similar to venture capitalists. Angel investors are generally wealthy individuals or firms with a heart for the startup business and don’t want to be involved in business operations or expect anything in return. This, like the grant, allows you to keep complete control of your business and equity. These can also be difficult or take time to get because angel investors are constant.

Venture Capitalist

While venture capitalists are similar to angel investors in that they invest in small or startup businesses with potential, they differ in that angel investors do not expect any return on their investment. Venture capitalists are in it for the potential business ideas that will give them the greatest possibility for high returns on their investment.

Startup Accelerator

While this is not actual startup or operational capital, startup acceleration offers free business and financial consulting, free office or business space, or other startup business needs such as equipment and materials. These free essentials for a startup business will help the business get started until they can fund their revenue. Check out America's Best Bookkeepers

Strategic Customer Partnership

Strategic customer partnership is when a customer or business that will use your goods or services funds your startup to start production and initial operations. Essentially they are prepaying for future products and services they will receive. These partners will hold no other control or equity in your business.

Trade Equity

Trade equity is just as it sounds. This is where you trade goods or services for essential startup goods and services. This type of trading has been a recognized way to start and operate a business. Bartering business needs with others who need what you have to offer or your skills can go a long way in getting the business up and running.

Small Business Loans

While many small business owners often go to this stream of startup capital first, it should be your last choice for several reasons. Getting a business loan approved in itself is a long process; moreover, you need to report to the bank where each penny of that loan will be spent. If you’re a first-time business owner, they might consider your business as a risk element, and in this case, your loan application will not be approved or will carry high-interest rates. This option also starts your business in debt.

Credit Cards

If you have an awesome credit score, then you can use it specifically designed for business use. However, using credit cards is a high-risk factor as non-payment can lead to expensive penalties and super high-interest rates compared to other loan options. This is another option that starts your business in debt and should be a last resort. The biggest advantage is that if you pay the balance off quickly, you can quickly build your new business credit.

Check out America's Best Bookkeepers 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-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure 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. Check out America's Best Bookkeepers
Refinancing Your Home Loan - Complete Controller

Home mortgage financing is not always that easy to handle, especially when it comes to lenders who have strict policies and lengthy approval processes, making it even more challenging to request a loan. The founder and CEO of LoanDepot.com, Anthony Hsieh, says, “Homeowners today need to be triathletes to qualify for a loan, with great income, great credit, and great value in their home.” Here are six crucial questions to ask when you are considering refinancing your home loan. Check out America's Best Bookkeepers

Do I have equity in my home?

Ideally, homeowners should have 20% equity in their homes to sign up for a loan request without paying private mortgage insurance. This lack of equity may adversely affect the benefit of refinancing and make homeowners owe more than their house’s actual cost. Home Savings’ vice president says that going for mortgage refinancing without sufficient equity only depreciates a house’s value. Another thing that impacts qualifying for the loan is the borrower’s credit score. To qualify for refinancing your mortgage to get a loan, you need to have a good credit score, much like when you obtained the original loan that created your mortgage.

What are my Financial Goals?

Most of the homeowners opt for refinancing to reduce their monthly installments. A good mortgage calculator may guide you in deciding your installment plans and reduce the interest amounts. The vice president of Home Savings says, “Some people are reorganizing their loans to a 20, 15, or 10-year mortgage, which works well for people with plenty of disposable income. But I fear that people are too concentrated on paying off their mortgage and not incorporating this decision with their overall financial plan.” Check out America's Best Bookkeepers

What are the contractual terms of my current loans?

When refinancing your home, another important question you need to ask is about your current loan terms and conditions. When it comes to terms and conditions, interest rates and fluctuations are the biggest financial concerns for borrowing homeowners. Borrowers should stick to fixed-rate loans rather than variable rates.

While asking for a refinance for your home, you should be certain about the time you plan to spend in your home. In general, Mortgage professionals inform the borrowers that a refinance may cost them three to six percent more than the home’s actual cost. If the break-even tends to happen at fifteen months while you still plan to stay in that house for the next five years or more, then it is good to go for refinancing. However, if you have to leave in two years, then refinancing is not a good option.

Is my credit score high enough?

A borrower’s credit report is an important factor that plays a vital role in getting a good mortgage rate. Any mortgage borrower needs to have a good credit score because it becomes nearly impossible for you to qualify for refinancing without a high credit score. Ideally, a borrower will have a score of 720 or more. Any credit score less than 620 may cause hassles in getting approved to refinance your mortgage. Check out America's Best Bookkeepers

Do I have other lines of credit or a second mortgage?

Getting a second loan may cause the borrower extra stress. It comes with additional complexity, and borrowers might lose track of payment schedules. Borrowers have the option of paying off the first loan before entering into the second loan, or they can combine both loans by making them into one large loan. Having only one loan will make it easier to keep your payments in order, as having multiple credit lines at a time can be confusing.

Conclusion

The bottom line is that you need to know if you not only qualify to refinance your mortgage but if you should. Consider all six of these questions before making this important decision that will affect your financial future.

Check out America's Best Bookkeepers 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-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure 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. Check out America's Best Bookkeepers