Historical Bookkeeping Cleanup Services | Giesler-Tran Bookkeeping
Historical bookkeeping cleanup is more than just data entry; it is a financial rescue mission. For many business owners, the initial goal is simple: survive the startup phase. However, the reality of running a growing company often means that back-office tasks, like reconciling bank feeds, get pushed to the bottom of the pile. Consequently, months […]
Cash Flow Management Diagnostic: Why Profit Isn’t Cash
Effective cash flow management is the single biggest challenge for growing businesses. You might have had a record-breaking sales month. However, if your bank account is empty while your Profit & Loss statement shows a surplus, you are experiencing the “Profit Paradox.” Consequently, understanding the difference between theoretical profit (taxable income) and actual cash (operational […]
The Expensive Truth Behind Fully Automated Bookkeeping: Why “Set It and Forget It” Fails
Fully automated bookkeeping is often marketed as the ultimate cure for the exhaustion that plagues modern business owners. Receipts pile up on desks, transactions blur together in bank feeds, and dashboards promise clarity but often deliver only noise. Consequently, when a software company promises a “set it and forget it” solution, it sounds like immediate […]
Missing Receipts & The Cohan Rule: What the IRS Really Accepts
Recently, a business owner asked if they could simply “estimate” their travel expenses because they lost the paperwork. Technically, a legal precedent exists for this, but relying on it is dangerous. In reality, dealing with missing receipts isn’t just about showing you paid; you must prove the expense was ordinary, necessary, and business-related. Below, we […]
AI Bookkeeping and the Future of Accounting | Will Artificial Intelligence Replace Bookkeepers?
Unquestionably, AI accounting software has revolutionized the way we handle financial data, transforming industries from marketing to logistics. Consequently, business owners frequently ask a critical question: will bookkeeping be replaced by AI? The short answer is no, but the industry is evolving rapidly. While AI accounting software is reshaping how financial data is processed, it […]