Blog

Stay informed and expand your knowledge of Accounting, Bookkeeping, Payroll, QuickBooks and more! Our bi-monthly blog will share all the knowledge you need to help be a better informed business owner.

May 16, 20233 min read

Ten Reasons to Outsource your Bookkeeping

The benefits of outsourcing your accounting and bookkeeping tasks go beyond the cost and time savings. Outsourcing your accounting gives...

May 9, 20231 min read

Why is Full -Service Bookkeeping Beneficial?

Full-Service Bookkeeping gives you an accurate picture of your financial position and performance. With accounting and bookkeeping, you...

Apr 15, 20232 min read

Importance of Keeping Receipts for Your Small Business

In today’s day and age the concept of keeping receipts seems outdated to most people. However, if you are a business owner this concept...

Apr 2, 20232 min read

What is Job Costing and Work-in-Process Accounting?

Did you know that Check & Balance Solutions specializes in construction based business finances? Although we do offer services to all...

Mar 16, 20232 min read

Why You Should Always Prioritize Cash Flow strategies in your business planning.

A cash flow forecast is a vital tool for any small business, it can tell you if you'll have enough cash to run the business or expand it....

Feb 15, 20232 min read

3 Things Your Tax Preparer Wants you to Know for a Smooth Return:

Owning a small business comes with many challenges you don’t necessarily have experience in, having a good relationship with whichever...

Feb 2, 20234 min read

Year-end Tax Planning Strategies for 2022

US tax policy changes remain top of mind for many business owners in 2022. Considerable tax changes for businesses in recent years have...

Jan 17, 20233 min read

3 Things You May Be Doing That Secretly Drive Your Accountant Crazy

Let’s face it, most small business owners did not start their passion project with accounting experience, if any. When outsourcing your...

Jan 2, 20236 min read

6 Ways to Maximize your 2022 Tax Refund

As tax season approaches, many are hopeful for a tax refund—or at least, a lower tax bill. There is a lot for taxpayers to keep up with,...

Nov 1, 20223 min read

Tax Season 2022: What You Need to Know

With the IRS discussing changes for the 2023 tax season, confusion has arisen about where small business owners stand in their tax...

Aug 25, 20223 min read

What is Double-Entry Bookkeeping? The Foundation of Accounting

Double-entry bookkeeping is a method of recording financial transactions used in Europe since the Renaissance. Developed by a Franciscan...

Aug 11, 20227 min read

Go-to Guide for Small Business Loans & Funding

If you are starting a new business or in growth mode, you may be considering small business loan and funding options. Or perhaps you need...

Jul 13, 20225 min read

Summer 2022 Tax News & Updates from the IRS Newsroom

As we enter the second half of 2022 full speed ahead, both individuals and businesses should be aware of key IRS news as they keep their...

Jun 8, 20225 min read

Everything You Need to Know About Financial Audits + 5 Steps to Prepare

Have you just been informed that you need to perform a financial audit? If so, you likely had or are planning to have a significant...

Apr 25, 20223 min read

4 Essential Reasons Your Small Business Needs an Up-to-Date Balance Sheet

Your small business may be bringing in revenue. Perhaps sales and assets numbers are favorable. But have you reviewed them against your...

Apr 6, 20223 min read

What is a Profit and Loss Statement? + 3 Vital Insights it Provides

From solo and small business owners to large corporations, the profit and loss statement is one of the most critical financial reports to...

Mar 18, 20223 min read

Accounting Ethics: What Business Owners Must Look For When Facing an Audit

It truly takes a village when it comes to your accounting and finances. That’s why it’s crucial for business owners who outsource their...

Mar 2, 20225 min read

Small Business Accounting Methods: Cash Basis vs. Accrual Accounting

Are you a new business owner? Or is your business quickly growing and your accounting and operations needs changing? Either way, you will...

Feb 16, 20226 min read

4 Debt Management Steps Small Business Owners Must Know

When you run your own business, debt is a part of life. You typically need some debt to get your business up and running, and you’ll...

Feb 2, 20225 min read

4 Unfortunately Common Causes of Business Bankruptcy You Can Control

Everyone is optimistic when they start their own business. After all, you have a new exciting endeavor ahead of you–what’s not to...