Sandos Bookkeeping

SANDOS Bookkeeping Services Bookkeeping services for your business. SANDOS is the bookkeeping service that provides you Tax-ready financial statements from professional bookkeepers.... We're a laid back group of people working hard on a tough problem. Bookkeeping is a universal point of pain for entrepreneurs, and we're changing that. Get a Dedicated Bookkeeper You will be paired with a highly vetted, professional bookkeeper who will get to know your business and manage your books for you. Automatically Send Your Data Send your data to your bookkeeper automatically by securely connecting your bank account to our system. Cross Bookkeeping Off Your List Never let bookkeeping add stress to your life again. Your SANDOS bookkeeper will ensure your financials are up-to-date, ready for tax time, and most importantly -- done. Monthly Fixed Pricing Offered. $150 per hour for QuickBooks Training. Specializing in small business. Accounts Payable Accounts Receivable. Payroll. Bank & Credit Card Reconciliation. Financial & Monthly Reports. Daily Sales Reporting. Flash Reports. New Business Set Up. Sales Tax Filing. Contact us. Phone: 408 830 6506 Email: [email protected] http://WWW.SANDOS.US

Financial Statements: What Are Financial Statements? Financial statements refer to the formal records that business entities - from corporations to proprietors - are required to maintain, which shows the financial position and the business performance of a company over a period of time. These statements are thoroughly vetted and audited by service providers, government agencies, and regulatory bodies, depending on the rules and regulations governing the nature of the business...Continue reading

What are Retained Earnings? The portion of a business's profit, which is not disturbed even while paying dividends to shareholders and is reserved for reinvestment, is known as retained earnings. Usually, these funds are used to purchase fixed assets (capital expenditure), or invested in working capital, or are sometimes even allotted for paying off debt obligations. Retained earnings are itemized on the balance sheet after the end of each accounting year as dividends are pai...Continue reading

What Is Contribution Margin When running a business, profitability is one of the key goals kept in mind. Of course, it is extremely desirable, and so is looking at the profit of each product or service the company offers. The contribution margin refers to the contribution of one product or unit to the overall profit generated by a company. It is the incremental capital that is generated by selling one unit or product after reducing the costs incurred by the company. In simple...Continue reading

Assets in Accounting, Identification, Types and Learning How to Calculate Them with Ease Asset is a tangible or intangible resource of financial or economic value that an individual or a company holds. In accounting and bookkeeping, an asset will provide a future benefit to the person or organization that owns it. How to identify assets?...Continue reading

Income Statement Made Easy For Your Business Every business maintains three types of Financial Reports or statements that summarize the performance of the company. The income statement is one of the three critical financial reports of a business. The other two being the balance sheet and cash flow statement. What is an Income Statement?...Continue reading

Revenue Recognition: What Is It And How To Do It? What is revenue recognition? Revenue recognition in the most simple terms means if an organization has earned revenue. If a business uses the cash-basis of accounting, then it is said to have earned revenue when cash is received in their bank account....Continue reading

What is a Profit & Loss Statement? A P&L statement is often referred to as a Profit & Loss Statement, an Income Statement, or a Statement of Operations. The different set of terms used to describe it show the two essential characteristics of a P&L Statement it reflects the income being generated by a business and the financial health of its operations. The P&L Statement gives you a deep understanding of what were the expenses incurred to earn the Net Income on the Gross Sal...Continue reading

What is Asset Impairment? In the world of finance, impairment is the term used to imply a permanent decrease in the value of a company’s asset - be it a tangible asset or an intangible one. When compared, if an asset’s book value (also known as its total carrying value) proves to be more than the expected future profits from it, the asset is considered impaired. Detailed Explanation of Asset Impairment...Continue reading

What Are Estimates or Accounting Estimates? The accounting process often presents certain scenarios where an amount or item in the financial statements cannot be measured with precision. Accounting estimates, therefore, are an approximation of a value that is to be debited or credited on items for which a precise means of measurement is not available. In financial statements, the carrying amounts of assets, liabilities, income, or expenses for the period where such amounts ca...Continue reading

Audit: What is Business Audit Review Program, and What Does it Mean for Any Small Business? Most business owners tend to panic and jump to the conclusion that an audit refers to the IRS (Internal Revenue Service) auditing their business accounts for tax in discrepancies. But an IRS audit is not the only type of inspection a business can encounter or should be prepared for. Most organizations conduct business or self-audits every year to ensure the accuracy of their books. B...Continue reading

8 Alternative Funding Options for Small Businesses Available funding for businesses is changing, and the current state of the economy can make seeking and obtaining loans seem like a nightmare. If you’re struggling to get a bank loan, or you don’t like your current options, there are alternatives to traditional loans that are likely available to you. What is alternative funding?...Continue reading

What’s Your Budget? Budgets are plans. They are spending plans, sales and marketing plans linked to careful projections and resource allocation. The math of the expense budget is very simple. The content takes work, but not the design of the table. It’s built on common sense and reasonable guesses, without statistical analysis, mathematical techniques, or any past data. The mathematics are also simple, sums of the rows and columns....Continue reading

Can I Expense This? An Accountant Explains the World of Write-Offs If you get a cup of coffee on your way to work, can you write it off as a business expense? Good question. A lot of business owners don’t have the time (or interest) to decipher tax code. Yet, business expenses are a vital part of your financial picture. A lot of your day-to-day business expenses can be written off. In other words, you can use those business expenses to decrease the amount of taxes you have to...Continue reading

3 Good Reasons Why Nonprofits Need Better Budgets Many nonprofit budgets I’ve looked at didn’t include the whole picture, or tried to get too detailed or oversimplified things. Budgets like that are not very useful as an ongoing tool. Yet the U.S. government requires nonprofit boards of directors to approve an annual budget, and the board must then review that budget at regular board meetings....Continue reading