Why Should You Never Do Your Own Bookkeeping?

Having your bookkeeping handled can help grow the businessAs a business owner, are you doing your bookkeeping or have you hired someone else to do it for you? Owners of small businesses in Canada and large metropolitan cities like Toronto and beyond tend to do their own books because they feel that they don’t have a budget to outsource bookkeeping. What they don’t know is that it is actually cheaper to hire someone to do it for them when you consider the amount of time they spend doing accounting. There are several other advantages to outsourcing bookkeeping:

 

First, what is bookkeeping?  Check out this short video for more before we get started:

•    The amount of time that you spend is significant and can be used to do other things that help the business grow. You can look for new clients, you can expand their product range or you can even work on inventory and new suppliers.

•    If you opt for hiring part time or even full time bookkeepers, you should know that it is more expensive than outsourcing – in-house accountants tend to ask for more money and they also increase your overheads because you have to provide them with a space to work from. If you outsource you will be hiring someone who already has their own offices. In addition to that, because much of your paperwork goes away you make more room in the office which can be put to more productive use.

•    When you outsource you are working with experts without having to pay them 24 hours a day. You can be sure that your books will be done with the highest standards in mind.

•    Many companies that provide bookkeeping services also provide other related services which means that you get a one-stop solution. They can do things like payroll and taxes which relieves you of the burden and expense of hiring an accountant.

•    Some business owners prefer to hire lone accountants to do their books. This is not advisable – it is better to go with a team of bookkeeping experts. For one thing, there are several eyes looking at your books which reduces the chances of something being overlooked. For another, a team effort is faster and more efficient.

•    Most bookkeepers have invested in the best of tools to enable them to provide a professional service. They are able to afford the most expensive ones because they have many clients.

•    Lastly, what happens when your company grows? A professional bookkeeping company is able to scale in way that you cannot do unless you spend a great deal of money.

You shouldn’t waste time and money doing your own bookkeeping; hire a professional to do it for you.  For top-notch Toronto Bookkeeping services and solutions, contact Above The Cloud Business Services at http://www.abovethecloudbookkeeping.ca

Money & Morals: Finance From the Founding Fathers to Junk Bond Traders (1998)

Watch Money & Morals: Finance From the Founding Fathers to Junk Bond Traders (1998)

The holder of any debt is subject to interest rate risk and credit risk, inflationary risk, currency risk, duration risk, convexity risk, repayment of principal risk, streaming income risk, liquidity risk, default risk, maturity risk, reinvestment risk, market risk, political risk, and taxation adjustment risk. Interest rate risk refers to the risk of the market value of a bond changing due to changes in the structure or level of interest rates or credit spreads or risk premiums. The credit risk of a high-yield bond refers to the probability and probable loss upon a credit event (i.e., the obligor defaults on scheduled payments or files for bankruptcy, or the bond is restructured), or a credit quality change is issued by a rating agency including Fitch, Moody’s, or Standard & Poors.

A credit rating agency attempts to describe the risk with a credit rating such as AAA. In North America, the five major agencies are Standard and Poor’s, Moody’s, Fitch Ratings, Dominion Bond Rating Service and A.M. Best. Bonds in other countries may be rated by US rating agencies or by local credit rating agencies. Rating scales vary; the most popular scale uses (in order of increasing risk) ratings of AAA, AA, A, BBB, BB, B, CCC, CC, C, with the additional rating D for debt already in arrears. Government bonds and bonds issued by government-sponsored enterprises (GSEs) are often considered to be in a zero-risk category above AAA; and categories like AA and A may sometimes be split into finer subdivisions like “AA−” or “AA+”.

Bonds rated BBB− and higher are called investment grade bonds. Bonds rated lower than investment grade on their date of issue are called speculative grade bonds, or colloquially as “junk” bonds.

The lower-rated debt typically offers a higher yield, making speculative bonds attractive investment vehicles for certain types of portfolios and strategies. Many pension funds and other investors (banks, insurance companies), however, are prohibited in their by-laws from investing in bonds which have ratings below a particular level. As a result, the lower-rated securities have a different investor base than investment-grade bonds.

The value of speculative bonds is affected to a higher degree than investment grade bonds by the possibility of default. For example, in a recession interest rates may drop, and the drop in interest rates tends to increase the value of investment grade bonds; however, a recession tends to increase the possibility of default in speculative-grade bonds.

On March 23, 2009, U.S. Treasury Secretary Timothy Geithner announced a Public-Private Investment Partnership (PPIP) to buy toxic assets from banks’ balance sheets. The major stock market indexes in the United States rallied on the day of the announcement rising by over six percent with the shares of bank stocks leading the way.[7] PPIP has two primary programs. The Legacy Loans Program will attempt to buy residential loans from banks’ balance sheets. The Federal Deposit Insurance Corporation will provide non-recourse loan guarantees for up to 85 percent of the purchase price of legacy loans. Private sector asset managers and the U.S. Treasury will provide the remaining assets. The second program is called the legacy securities program which will buy mortgage backed securities (RMBS) that were originally rated AAA and commercial mortgage-backed securities (CMBS) and asset-backed securities (ABS) which are rated AAA. The funds will come in many instances in equal parts from the U.S. Treasury’s Troubled Asset Relief Program monies, private investors, and from loans from the Federal Reserve’s Term Asset Lending Facility (TALF). The initial size of the Public Private Investment Partnership is projected to be 0 billion.[8] Nobel Prize–winning economist Paul Krugman has been very critical of this program arguing the non-recourse loans lead to a hidden subsidy that will be split by asset managers, banks’ shareholders and creditors.[9] Banking analyst Meredith Whitney argues that banks will not sell bad assets at fair market values because they are reluctant to take asset write downs.[10] Removing toxic assets would also reduce the volatility of banks’ stock prices. Because stock is akin to a call option on a firm’s assets, this lost volatility will hurt the stock price of distressed banks. Therefore, such banks will only sell toxic assets at above market prices.

https://en.wikipedia.org/wiki/High-yield_debt



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Personal Finance & Money Management : Best Ways to Invest Small Amounts of Money

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The best way to invest small amounts of money is to develop a diverse portfolio of real estate, bonds, stocks and mutual funds. Consider investing small amounts of money on a monthly basis to build funds with advice from an investment consultant in this free video on investments.

Expert: Roger Groh
Bio: Roger Groh is the founder of Groh Asset Management.
Filmmaker: Bing Hu



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MILLION DOLLAR TRADERS – EPISODE 1 (STOCK MARKET MONEY FINANCE INVESTING DOCUMENTARY)

Watch MILLION DOLLAR TRADERS – EPISODE 1 (STOCK MARKET MONEY FINANCE INVESTING DOCUMENTARY)

MILLION DOLLAR TRADERS – EPISODE 1 (STOCK MARKET MONEY FINANCE INVESTING DOCUMENTARY)

Eight ordinary people are given a million dollars, a fortnight of intensive training and two months to run their own hedge fund. Can they make a killing?



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Big Money: Majors of the Top 1%

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Could your choice of major in college be a fast track to big money and a spot in the top one percent? Ana and John break down the biggest money making majors and debate how important financial concerns are versus career satisfaction.

Is your major on the list? Should students even worry about money when choosing a major? Or should it be based on personal interests?

And if you liked this video, “Like” it as well! :)

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MONEY LIVE: Top stories from the world of business and finance

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MONEY LIVE: Top stories from the world of business and finance. For more info log on to: www.youtube.com/abpnewsTV



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Work From Home Finance Jobs – How To Make Money Online Youtube Traffic

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http://myvideopays.net/50-chan Work From Home Finance Jobs – How To Make Money Online Youtube Traffic

Save Money And Time Using Video Marketing

Are you relying on videos to promote your business campaign? If you aren’t, you’re preventing your business from gaining attention from potential customers. Fewer people look through newspapers and radio to get their information. The Internet is basically where the current generation gravitates. If you’d like some advice on using online videos effectively, keep reading.

Ensure you optimize your videos. You also need to include any targeted keywords too. It is important and easy to include contact information to make life easier for customers.

Production value is not the most important part of your process. High production values do not mean getting good returns. Even large companies have found success in using simple videos made by individual employees.

Make a video detailing how others should use your product.You can show them step-by-step how to do it and for people that are going to be using it in the future as well.

Get all your office involved in making videos for your video marketing efforts. Try to use someone who likes the camera has and loves clear speech. Don’t hesitate to use more than one person.

Use a consistent tone in each of your videos. You could choose to be very serious and create educational videos or you could make fun of yourself. Think about your product when you are trying to market and the type of people you are trying to reach.

You may be able to get some expert interviews or just shoot footage there. Have it recorded if you are offering a speech.

This is known as a “call to action” in online marketing lingo. If you’d like your audience to subscribe to a newsletter, guide them to a link you’ve given them in the description of the video, for example.

Brief videos are more favorable than longer ones. If your video rambles on, your videos should not last for more than a couple of minutes or you will wander. Do not make it any longer than that, although five minutes is okay in some cases. A great motto is to always keep things sweet and short.

A fun contest might increase the people visiting your website is to hold a video contest. User videos are great for you and the viewers to get to know each other.

Are there certain questions that are asked something often about your products or services? You can then use the videos to help answer these questions.A video that answers frequently asked questions is a process or tells you how something is supposed to work will allow your customers to have more personal.

Don’t make your videos appear like ads. If you’re constantly trying to sell something, your audience will stop paying attention.

Start your videos off with a greeting to your potential customer. Tell them what you’re about yourself and what your business prior to sharing any content.

Video marketing is a must today. A modern business does not rely on traditional advertising alone. To make a mark these days you must go where everyone else is, which is now on the Internet. Attract a wider customer base by implementing the tips from this article.

Work From Home Finance Jobs – How To Make Money Online Youtube Traffic https://www.youtube.com/watch?v=fOQ9MPejBa4



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Mind Over Money: How Human Psychology and Finance Interact ● History Channel Documentary

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Mind Over Money: How Human Psychology and Finance Interact – Documentary documentaries, documentary, documentaries 2014, youtube documentaries, .

Mind Over Money: How Human Psychology and Finance Interact ○ History Channel Documentary Mind Over Money: How Human Psychology and Finance .

documentary history channel documentary national geographic documentary bbc documentary discovery channel documentary lil wayne documentary .

Mind Over Money: How Human Psychology and Finance Interact – Documentary documentaries, documentary, documentaries 2014, youtube documentaries, .



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Jessica Jackley: Poverty, money — and love

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http://www.ted.com What do you think of people in poverty? Maybe what Jessica Jackley once did: “they” need “our” help, in the form of a few coins in a jar. The co-founder of Kiva.org talks about how her attitude changed — and how her work with microloans has brought new power to people who live on a few dollars a day.



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Well-Oiled Disaster Coming – Mike Maloney

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More: http://hiddensecretsofmoney.com/videos Oil + Government + Fiat Currency = Well-Oiled Disaster

Hidden Secrets Of Money is a world-leading educational series that is sponsored by, and also based on the priciples of WealthCycles. It shows the evolution of gold and silver as money, and teaches the historical economic mistakes that all societies repeat. The first series (Episodes 1-5) features bonus content that is available completely free of charge at http://www.HiddenSecretsOfMoney.com
From Season 2 onwards, all bonus content is reserved exclusively for members of http://www.wealthcycles.com
We would like to thank everyone for their support of this series, and also for the loyalty shown to our sister company GoldSilver.com. We look forward to the continued success of this series and encouraging people to take control of their own financial future.

For more information about investing in Gold & Silver or Mike Maloney, visit the Why Gold & Silver channel and subscribe: http://goo.gl/emXEB

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Silver, gold, investing, stocks, deflation, inflation, Mike Maloney, conference, debt collapse, hidden secrets of money, precious metals, bullion, finance, financial eduacation.



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