Accounting & Bookkeeping

What You Should Know About Virtual Accounting

Your accountant doesn’t have to be physically present for your business to benefit from their expertise. Modern technology makes virtual accounting an excellent alternative. It analyzes your accounts remotely and updates them appropriately. Virtual accounting also works if there’s a significant distance between your preferred accountant and your business premises. Some individuals and companies choose […]

Written by prositesfinancial • Dec 4 • 3 minute read

What is Financial Health?

Financial health refers to the overall state of your monetary affairs. It’s your ability to manage earnings, expenses, debts, wealth, and fiscal shocks. There are various ways to create financial health, including savings, retirement plans, and planning how you spend your income. If you can comfortably handle unexpected financial emergencies as well as short- and […]

Written by prositesfinancial • Nov 24 • 3 minute read

Using a 529 Plan To Save For College

A 529 plan is a savings plan that is used to save money for college which offers certain tax and financial aid benefits. 529 plans are quite versatile and they can be used for other things too, such as K-12 tuition bills. The Types of 529 Plans There are a couple of different types of […]

Written by prositesfinancial • Sep 3 • 4 minute read

Credit Card Negotiation Options and Risks

Credit card debt is one of the most pervasive financial issues faced by Americans, with the average credit card balance as of 2016 being $5,551. If paying off your credit card debt is proving to be a substantial challenge, or worse is making it difficult to pay critical household expenses such as groceries, rent, medical […]

Written by prositesfinancial • Apr 17 • 4 minute read

Why Dave Ramsey Might Just Be Right About Using Only Cash

The truth is, most of us just don’t have the self-discipline necessary to use credit cards responsibly. We live in an advertisement saturated consumer society that encourages us to spend, spend, spend at every possible opportunity, and everywhere we go. As a result, most Americans are up to their eyeballs in debt with the national […]

Written by prositesfinancial • Jan 7 • 4 minute read

Top 10 Easy Ways To Save Money Today

Many of us feel like we can never seem to make enough money to make ends meet. It might be drowning in credit card bills or trying to make a student loan payment, but there’s always a reason why we don’t have enough money. While it would be ideal to make more money at your […]

Written by prositesfinancial • Jan 7 • 4 minute read

Key Tips About Student Loan Debt

Overall, the need for student loan debt reform is clear. However, current economical conditions and increasing education costs don’t bode well for any significant changes in the near future. With the student loan debt now surpassing credit card and auto loan debt, it is more important than ever to take precautions and prepare as much […]

Written by prositesfinancial • Jan 7 • 4 minute read

How To Begin Building Your Credit

Starting you credit history is the perfect opportunity to begin good spending habits. With over 45 million Americans you are not alone in this pursuit, and there is a method to the madness. There is so much information out there it may be hard to decide where to begin, but after a little research you […]

Written by prositesfinancial • Jan 7 • 4 minute read

5 Reasons to Consider Outsourced Accounting

Many small businesses, entrepreneurs, and start-ups find it challenging to hire a full-time accountant with the right skills to prepare their financial statements, analyze financial data, manage bank account operations, and prepare outgoing invoices. It’s even more challenging to find a qualified and eligible accountant at an affordable rate. That’s why more than one-third of […]

Written by prositesfinancial • Dec 1 • 2 minute read

Should You Invest in a Business Consultant?

Hiring a business consultant can help you improve performance and make strategic changes to achieve long-term success. A skilled business consultant can also help your company overcome challenges, maximize revenue, and drive growth. However, it’s important to ensure your business consultant has extensive experience and proven success with organizations like yours. What Does a Business […]

Written by prositesfinancial • Nov 24 • 2 minute read

4 Crucial Tax Considerations for Your Remote Business

Due to the COVID-19 pandemic, businesses experienced significant financial, management, and operational challenges. The sudden lockdown and stay-at-home orders forced many companies to close their doors and shift to a remote work model. Now, employers are weighing the options of returning to the office and working remotely, and some are adopting a hybrid model. While […]

Written by prositesfinancial • Nov 17 • 2 minute read

Top Tips for Sticking to Your Budget

Budgeting is an essential aspect of personal finance that many people practice. Unfortunately, setting a budget is one thing, but sticking to it is a different ball game. To succeed with your budgeting efforts, you need to plan your spending and stay consistent. By creating a budget, you’re declaring that you’re fully in charge of […]

Written by prositesfinancial • Nov 10 • 2 minute read

Accounting vs. Bookkeeping: What Is the Difference?

Accounting and bookkeeping are critical duties for any business. They both ensure that businesses are financially compliant, economically sound, and capable of growing. The two professions are related, and accountants and bookkeepers frequently work together. The abilities and attributes required for each of these careers are also similar. However, significant differences exist, such as the […]

Written by prositesfinancial • Nov 3 • 2 minute read