Good bookkeeping practices-Bukaty-Hubsopt-Fall-2021-Revised

Good bookkeeping practices save time and money

Authored by Bukaty Companies on November 4, 2021

In today’s climate, employers are subject to greater compliance requirements and scrutiny, underscoring the importance of maintaining tip-top bookkeeping records. Bukaty Companies Payroll & Accountings Services can relieve some of that compliance pressure. If you haven’t considered utilizing a professional accounting services provider, now may be the time.

The laundry-list of requirements needed to address bookkeeping and accounting responsibilities is a time-consuming task. Best-practices include

  • maintaining a relevant chart of accounts,
  • generating weekly cash flow reports,
  • conducting month-end reviews of transactions and reconciling both accounts payable and receivable,
  • submitting payment for quarterly and annual taxes, and
  • comparing your projected yearly budget with actual spend to target areas to trim expenses.

Professional accounting providers supply a suite of essential services, ranging from processing payroll to paying bills and keeping books reconciled and in order.

More and more businesses are switching to cloud-based bookkeeping practices. By bringing the accounting processes online, information becomes easily accessible and organized. Errors are minimized with software, which in turn shrinks the risk of mistakenly falling out of compliance. Bukaty Companies Payroll & Accounting Services division has a proven track record for taking the stress off employers for their accounting and payroll administration. Call 913.354.0440 and ask to speak to Sheri Reynolds. 

 

 

To the Point podcast logo

BUKATY PODCAST

Episode 12: Enrich your company's HSA benefits

Uncover the hidden benefits of health savings accounts (HSAs). Our in-house expert reveals why HSAs are the fast-growing employee benefit.

Episode 11: Regulation changes to know in 2020

Our compliance officer recaps the more significant regulatory from 2019 that will affect your business in 2020. 

Episode 10: Lower costs with a dependent audit

Verifying plan membership is valuable to your company's bottom line. As much as 10% of dependents on your plan could be ineligible for group coverage! Learn more about conducting a dependent audit in your organization.

Episode 9: Make open enrollment a breeze

Bukaty experts share their thoughts on how to avoid open enrollment complications. Planning and communication are key.

Episode 8: Avoiding employee lawsuits

Discover how your business could be at risk for lawsuits, and learn strategies to minimize your chances of getting sued. Our podcast guest shares HR tips you won’t want to miss.

Episode 7: Management training is more important than you realize

Don't leave your managers untrained and unprepared. This episode explores the importance of training your company leaders and how it can be detrimental to your business if you don't.

Episode 6: A benefits package for all ages

Rather than limit your company to an outdated one-size-fits-all benefit package, explore customized, generationally based benefit options for your employees. Each generation has different benefit preferences and Bukaty has the technology and benefit lineup to cater to their needs.

Register for the Webinar