The Latest
Agile Planners is dedicated to helping businesses achieve success. Stay up-to-date with us on industry updates that we post below.
: Bookkeeping
Beyond the Financial Statements
When we think of financial reporting, our minds tend to drift automatically to the preparation of the three primary financial statements—the income statement (also known as the profit and loss statement or P&L), the balance sheet, and the cash flow statement. And while these statements provide incredibly valuable insights into different aspects of the company’s financial health, financial reporting is about much more than the numbers on these three documents.
E-Commerce Bookkeeping … Not All Bookkeeping is the Same
When business owners hear the word “bookkeeping” (or any variation thereof), they automatically think balance sheets and profit and loss statements. They wouldn’t necessarily be wrong, as bookkeeping is inextricably tied to those important reports. But more and more today, there is another meaning attached to the term — a meaning with roots in something that has become a new norm in business and society — e-commerce.
New Tax Reporting Rule Impacts Venmo, CashApp, and PayPal Users
Changes to the tax laws are nothing new. In fact, you can generally count on them with as much regularity as the change of seasons. Often, these changes are obscure, affecting different groups for different reasons. This year, one of the primary changes will impact millions, as it reflects a nearly universal increased use of third-party payment networks for business and day-to-day transactions.
Accounting for Gratitude
The month of November reminds us all of gratitude and the importance of practicing it in our daily lives, personally and professionally. With Thanksgiving, many of us are fortunate enough to take a break with family and friends, gather around a table filled with delicious food, and truly think about what’s most important. For many,…
Accounting Automation vs Marketing Automation
Understanding the right tools for the right job is key here. Take accounting for example. Would you use a CRM to manage your books? I would hope not. In the case of automation, this is where specialized accounting automation software comes into focus. How do they differ? Although the software used may be similar, the…
Agile Planners CFO Services
The role of a Chief Financial Officer (CFO) has changed a lot throughout the last decade. Traditionally, their role included reporting, preparing for audits, controlling the treasury and overseeing financial teams. Although financial leaders still take on those traditional responsibilities, the role of a CFO has dramatically evolved to include additional duties. This may include…
How To Close The Month In Accounting
As a business owner, sometimes it can be difficult to keep up with bookkeeping and accounting tasks on your own. However, it is very important for the health of your business to have standard procedures in place to close the books each month. Monthly financial statements are some of the most useful strategic tools for…
Personal vs. Business Budgeting
As an entrepreneur, it is essential to know how to properly manage both your personal finances and your business finances. At its simplest form, budgeting is the creation of a spending plan to determine in advance your income and outgoing expenses. This allows you to plan for the future and ensure that you know how…
Last-Minute End Of Year Bookkeeping Checklist
Did 2020 come to an end and you never got around to taking care of your business’ year-end accounting processes? We get it. December is a busy month and between prepping for the holidays and planning for the new year, closing the books can sometimes become a burden that gets pushed back. Attending to your…
