Accounting
9 Steps to Find the Right Outsourced Accounting Partner
Engineers, architects’ surveyors, construction firms, and other industrial sector companies that decide to call on an outsourced accounting partner have to determine which company to trust. Choosing the right accounting, bookkeeping, and financial controller services firm to help you maintain your books, identify and evaluate costs, and strengthen your financial strategies takes time. The task…
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How to Pay Your Subcontractors and Submit 1099s
Business owners often use subcontractors, especially in the construction industry. Contractors depend on them to complete projects instead of hiring full-time employees. And often, these subcontractors specialize in their crafts. Paying subcontractors is a different task them paying your regular employees. These self-employed individuals set their rates and pay their taxes. Here, we give you…
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The Business Owner’s Guide To Bookkeeping Vs. Accounting
Businesses specialize in their area of expertise which often doesn’t include finance, and they are confused about the difference between bookkeeping and accounting. If this sounds like you, you’re not alone. And you’ve come to the right place. While both disciplines manage finances and help manage your bank statements and receipts, the two are not…
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What is a Sage Intacct Accounting Partner?
We wanted to take a minute and go into a little more detail about being a Sage Intacct Accounting Partner (SIAP). We are proud to be a SIAP but know that many people may not understand what that means and how it can benefit our services. So, we thought we would break it down. Sage…
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Upgrade Your Accounting Processes
In January it is important to make sure you are ready to move full steam ahead into a new year. However, you can’t successfully tackle a new year if you don’t have the proper systems in place to help your business grow. If last year has taught us anything it is that you never know…
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What Is Liability
In today’s entry of the Devine Dictionary, we are going to discuss liability. What does a liability look like for your business? We will discuss what that means and what it looks like in the accounting world. A liability is a monetary amount that is owed by the company to another entity, company, or individual.…
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Time to Clean Up your Accounting Process
Spring is the season of freshening up, which can only mean one thing, spring cleaning. Spring cleaning involves a lot of different to-dos; organizing closets, purging the attic, and cleaning the walls and baseboards around your home. But have you ever thought of what needs cleaning up in your business? Maybe your accounting software or…
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Fall in Love with your Accounting Again
Every business owner knows the importance of good accounting in their business. However, it is easy not to love your accounting, accountant, or any other part of that side of the business. Do you ever feel that way? Confused and frustrated every time you have to deal with your business’s accounting. Here at Devine, we…
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Prepare Now for 1099s
Now is the time to get those W-9s together and prepare for 1099s. We know it may seem silly to start collecting this already but trust us, it will make your life so much easier if you just work ahead on this. The steps are simple and if you aren’t rushing to get this completed,…
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Avoid the Ghosts of Accounting Past
It’s October which means cooler weather, scary movies and Halloween is right around the corner. This is such a fun time of year and it can even get a little spooky! Between ghosts on TV and ghosts trick-or-treating, you can see ghosts everywhere this month. The one place you don’t want to see any spooky…
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What Are Assets?
We wanted to start a new series of blogs called Devine Dictionary. It is exactly what it sounds like, a review of accounting terminology for non-accountants. Periodically we will review some accounting language in hopes that you get a better understanding of the accounting you need to run your business and make accounting a little…
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Why Small Businesses Need Accounting Firms
You’ve started your own business, and guess what, you are successful! Everything is going well; you are growing steadily and have a strong presence in the market. Everything seems strong financially speaking too! Well, you think so anyways. You aren’t 100% sure because you’re not an accountant, and some of this stuff is way over…
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Loan vs Line of Credit: What is best for your business
When you own a business, there are a lot of different things you have to decide on. One of those decisions can be about borrowing money. This is always a sensitive topic, and it can be difficult to know what to do. Two common options for business owners looking to borrow money are loans and…
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Managing Your Accounting is like Eating an Ice Cream Cone
Managing your business’s accounting can seem easy, but in fact, it is a constant task. Since it’s summertime, the one comparison that comes to mind is how accounting management can kind of be like eating an ice cream cone. We know it sounds a little crazy but bear with us. We will show you what…
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Financial Reporting: Why Detailed Reporting is Key to Business Success
Financial management is already complicated if you don’t have a degree in accounting or haven’t worked in the field for many years. How can you be sure that your business is on the right track? The best way to get a detailed overview of your business is to have accurate financial reporting. Having detailed financial…
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