A High-Level Look at Bookkeeping Tasks

If you are tired of looking at that giant pile of receipts on your desk that doesn’t seem to ever get any smaller, there’s something you can do about it right now. You can begin looking for a bookkeeper to hire. If you are a business owner who is considering hiring a bookkeeper, you may…
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The ABCs of Financial Statements: Understanding the Balance Sheet

When you own a company, you are responsible for keeping track of its finances. This process involves compiling and analyzing different financial statements on a regular basis. These documents provide insight into the health of your business and how profitable it is. The financial statements are essential when you want to know about the financial…
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Protea Conversations: Margarita Wear

Protea Financial was founded in 2014 to provide high quality outsourced bookkeeping and accounting at an affordable price.  Given Protea’s flexible work environment, the Company especially appealed to accountants who wanted to re-enter the workforce after taking time off to start a family. This allowed Protea to attract extremely talented individuals who were previously overlooked. …
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Protea Conversations: Chet Laws

Protea Financial was founded in 2014 to provide high quality outsourced bookkeeping and accounting at an affordable price.  Given Protea’s flexible work environment, the Company especially appealed to accountants who wanted to re-enter the workforce after taking time off to start a family. This allowed Protea to attract extremely talented individuals who were previously overlooked. …
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The Accounting Equation

The accounting equation is the most important piece of information any accountant can learn. Anyone starting out in the field of accounting or wants to just better understand the account equation should take time and learn the equation. It really a very simple formula. Assets = Liabilities + Equity This straightforward equation on a company…
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Best Practices for Avoiding Wire Fraud in Your Small Business

While it is the large businesses who make the news when there’s financial fraud, the greatest amount of wire fraud happens to small business owners. Recent research indicates that 78% of small businesses suffer some kind of wire fraud each year. In fact, all businesses lose at least 5% of their earnings to fraud every…
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