From Spreadsheets to Software: When Your Business Needs Formal Books скачать в хорошем качестве

From Spreadsheets to Software: When Your Business Needs Formal Books

My name is Chris Campbell. I'm a practicing CPA and I work with small businesses and individuals to help them pay the least amount of taxes possible while keeping them out of jail. In this episode, I discuss when it's the right time to transition from using simple spreadsheets to a formal set of books. I explain the importance of this transition at the $250,000 revenue or asset threshold due to increased reporting requirements on corporate tax returns. I cover various scenarios based on client experiences and provide insights on popular accounting software like QuickBooks and Xero. If you have any further questions on this topic or other tax or accounting-related matters, feel free to reach out - I'm happy to help! 00:00 Introduction to Chris Campbell, CPA 00:33 Choosing the Right Accounting Software 01:33 When to Transition to Formal Books 01:52 The $250,000 Threshold for Formal Books 03:12 Challenges with Excel Sheets 03:55 Early Adoption of Formal Books 05:19 Conclusion and Final Advice #FinancialReporting #Accounting #TaxTips #SmallBusiness #CPAlife #BusinessFinance #QuickBooks #Xero #Bookkeeping #TaxPlanning #blackcpa #africanamericancpa #businessmanager #virtualcfo #taxbrackets #blackbusinessmanager #fractionalcfo #cpa #africanamericancpa #africanamericancfo #africanamericanaccountant #blackaccountant #blackownedcpafirm #blackownedaccountingfirm About Me: Christopher J. Campbell, CPA Website: https://www.chriscampbellcpa.com Email: info@chriscampbellcpa.com IG   / chriscampbellcpa   TT   / chriscampbellcpa   LI   / christopher-j-campbell-cpa-46bb332   I operate a virtual accounting firm focusing on tax, accounting, bookkeeping and CFO services for closely held businesses and individuals. I additionally provide business management services for creatives.