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Work Anniversary Celebration.
| Posted on May 15, 2020 at 3:44 AM |
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 Congratulations to Rosyan Bookkeeping Services Today marks 8 Years of Our Company. Birthed from a Labor & Delivery Room Became a Reality at the Birth of a Third Child Became liberated from the High Costs of Child Care Expenses. Became a Business Support to many Businesses. Became an Employer of Labor Became a QuickBooks Training Center Became a Bedrock to Many Homes and Families. Became a Leading Example to Youths and College Interns. Became a Support to Non-Profits. Became a Successful Business. Became Hope to our Clients. Breaking through the Pandemic And Coming out Stronger...................... To Many More Years of Business Success. Congratulations. We are grateful to all our Clients, Colleagues and Friends. Thank you for all your Support. Thank you for standing with us through the Years. We know, these are unprecedented times and there are a lot of challenges during these Period, but we want you to know, that we will get through this together and come out stronger. Don't hesitate to call, if you need a Supportive Ear. We are a Call and a Click away. Together, we will celebrate and get through this. We love and appreciate you. |
ALL YOU NEED TO KNOW ABOUT THE STIMULUS CHECKS.
| Posted on April 3, 2020 at 4:04 PM |
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 We are aware that these are unprecedented Times and there are a lot of challenges during these Period. We are encouraging you to rise above this Situation and remain confident, that you will come out Stronger, Bigger and Better off. President Trump just signed off a $2 Trillion Relief Bill, which will come in form of Stimulus Checks to offer Assistance to Millions of American Household, affected by the Corona Virus Pandemic. We are aware that most of us have Questions and we want to enlighten you more about, what in this for us. The Following are the Basic Things to know about the Stimulus Checks:
It is important to note that if the Income Exceeds the threshold, the Amount will be reduced on a Sliding Scale.
We are available to help you with all the Questions, that you may have , regarding the Stimulus Check as well as any other Question on the Stimulus Package. We are also available to assist you virtually. Call us on 202-422-4586 to set up an Appointment. It is always our Pleasure to Help you. |
Turning your Passion into Business.
| Posted on September 14, 2017 at 10:07 PM |
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 We grow up in life,
structured to believe that, after we go through the school system, we graduate
to work for Organizations. We often fail to realize that, we can use our
knowledge and experience to start up our own Businesses, especially when most
companies rarely allow their employees to become Business Owners. As
individuals, we need to harness our passion and recreate the relentless
entrepreneurial spirit in us, to launch us to where we are meant to be. Everyone is born with
a gift; each of us has a passion and something that we are all excited about.
The idea is to turn this passion into an entrepreneurial opportunity, where you
can turn your passion into a money making machine. Everyone has an innate
entrepreneurial ability; it's how we harness this ability that determines how
we make progress in life. The basic reason, why
most of us fail to harness our entrepreneurial ability is because we feel safe
in our jobs. We have become comfortable with our safe salary increases that
will never get us where we need to be. Do you know that you can use your
free time, imagination and your creative skills to deliver value that nobody
has ever delivered in the history of Mankind? You need to step out
of the prison imposed on you from the Organization; you work for and create an abundant
life for yourself. Abundance only comes when you are moving along your
passion. Below are some of the
Skills needed to develop the entrepreneurial ability in you: 1) The Ability to have
ideas. 2) The Ability to execute
on the ideas. 3) The Ability to sell
the Ideas. 4) The Persistence to
keep learning as you fail. 5) The Ability to move
onto the next Adventure. I always advise recent college graduates entering the exciting
world of professional services to consider themselves entrepreneurs on day 1.
You have to identify your passion and the specific area that you want to
develop yourself in life; find other People within this field and learn from
their expertise. Networking is also very crucial as well as connecting with
others. Although they may not realize it now, the professional service industry
is one of the few that allow employees to eventually become business owners.
Even if they have no intention of becoming a partner or starting their own
firm, it is important for young professionals to distinguish themselves by
creating a personal brand and an entrepreneurial spirit within their
profession. Below are some steps
to Turning your Passion into Entrepreneurial Opportunities: Find
Your Niche Like most
entrepreneurs, you need to find your niche - a specific area that you are
passionate about. This could be anything from Handmade Jewelry, Accounting,
wealth management services, or even insurance sales. Finding the right niche is
the first step to building any entrepreneurial endeavor. After realizing what
area of your profession interests you, it is important to find others within it
and learn from their expertise. Networking is crucial and connecting with
others is a sure fire way to broaden your horizons. At the initial year of my Accounting
and Bookkeeping Business, I had a mentor that coached me, taught me the
nits and grits of the Business and molded my path in this Business line, and I
give credit to him for this direction. I must say, that all that I learnt
from him, is what has helped to mold me into what I have become today. Develop Your Skills and Knowledge For you to turn your
passion into an entrepreneurial opportunity, you need to immerse yourself
within everything that pertains to it, attend seminars, talk to future
competitors and analyze barriers to entry. If you want to develop your skills
you will need to train others, as this will eventually help to develop and
strengthen your knowledge and perfect your skills. Build Your Brand Personal branding is a
must for turning your passion to entrepreneurial opportunities, especially in
an age when professional service is becoming a much needed commodity. In
order to leverage in your industry, you need to set yourself apart by
leveraging your personal brand. The first step to
building a personal brand is considering yourself and your "turned
passion" as a product. You need to ask yourself many questions before
building your personal brand: What is your value proposition? Why should
people buy your product? What can you bring to the Table? Who are you
trying to target? Don’t Wait For Opportunity: Create It Once you determine
your personal brand, you have to go out and create your opportunity. The
biggest stumbling block to launching your own Enterprise is waiting for
opportunities instead of creating them. Allowing others to dictate your success
in any specific profession is a sure fire way to guarantee disappointment. If
you keep sitting and waiting for someone to hand you a promotion or give you
that well deserved pay raise at your job; it is akin to doing the same thing
over and over again and expecting different results – its insanity. Summary In conclusion, to make
it ahead in a competitive world of services, we need to distinguish ourselves
among our cohorts. Be an entrepreneur at work, Take Control of who you report
to, what you do and what you create. Deliver some value - any value - to
somebody, anybody and watch your value compound into a career - Your Desires
Entrepreneurial Opportunity. Following the simple steps above can make all
the difference and create a huge impact your life. So, what are you
waiting for? Go ahead and Turn your Passion into a Business and watch your
Business Grow. |
What do you expect your Profit to be this Year?
| Posted on October 7, 2014 at 1:17 AM |
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Profitability is a key driver of financial success in business. The goal of every Business owner should be to make profit and improve their business to make it better. If you were having a discussion, one year from today, and looking over your financials, Will you be happy with your financial progress? This question should propel you to take action, about what you expect your profit to be for the year. Profit is like a car,that must be driven; it does not drive itself; for you to get a projected profit, you have to be on top of your profit expectations. I have listed some questions, which should stimulate you to focus on an expected profit, as the year is coming to an end:
As you go through these questions, you're painting a picture of what your financial success should look like, and this will lead you to action, for an end result. Having a picture requires taking action to actualize your projected expectations. These steps below will help you achieve your financial profit picture, feel free to put them into practice and see the transformation, it brings to your business: 1) Have a Target Goal: You need to have a financial goal for your business at the beginning of every year. The Goal can be broken into monthly, quarterly and semi-annual financial targets. It is advisable and easier to have a monthly target. 2) Monitor your Progress: Once you set your financial goals, you will need to monitor your progress, against your target every month. You can only monitor your progress by examining your monthly financial reports (Profit & Loss/ Balance Sheet Reports). If you have not been preparing your report, this should be a good time to start. 3) Adjust: At the end of every month, you need to review your target goal against your actual results (financial reports), and decide if you need to make changes, in your business, to achieve your targets. The changes can be in form of reducing an expense category to putting a plan in place for faster accounts receivables process. This is the secret to creating your financial success for your business. I challenge you to put these into action and watch your business achieve your desired projected profit. Do you need help with interpreting your financial reports? Perhaps you are yet to prepare your financial reports for the year, and don't have an idea of your actual profit; Call us NOW for further consultation and Assistance. We will be glad to help you. |
Tips for Managing Your Business Cash Flow.
| Posted on August 5, 2014 at 2:49 AM |
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It's already
the eighth month of the Year, We are gradually getting to the end of the year,
and soon it will be time for Year End Reports. In our last Newsletter, We
discussed the concept of Cash Flow and how it affects our Business Operations;
this month, we will be looking at tips to manage our Business Cash Flow. Being in Business for yourself is like being an Air traffic controller, especially in the area of cash flow management ; You can imagine trying to control 100 Airplanes landing simultaneously on two runways; this can be an upheaval task, but we regularly see clients line up their monthly bills, their projected income, business projects and business expenses and try to combine all these activities, at the same time, trying to ensure a steady cash flow into the business; you can imagine, the projected outcome, if all these activities are not properly coordinated. Cash Flow is the heartbeat of every Business, and if a Business does not have the cash on hand to pay their vendors, they will definitely run into problems. The main Cash Flow Problem, that Business Owners face is as a result of Lack of Creative Cash Management. Below are some Tips to overcome the Ups and Downs of Cash Flow Problems in your Businesses: 1) Always Schedule All Payments: Most Business Owners line up their monthly bills, compile them, sit down and issue all the checks and set up Bill Payments at once; but the trick is to have a " Holding Pattern". It is advisable to schedule each payment, in order to get to your vendors in a timely landing, without affecting other Cash Flow activities. Every Business has Three (3) tiers of Checks Disbursements Groupings: a) Must Pay Group- These are payments that can hurt you, either in cost or ability to operate your business, if they are not paid. These include items like Taxes, Rents, Payroll and Service Charges. b) Important to Pay Group - These are payments, that have a reasonable grace period, and if not paid, a financial penalty can be incurred, as a result of Nonpayment. These include Utility Bills , Credit Card Payments and Insurance Payments . c) Flexible Payment Plan Group - Suppliers, Vendors and Wholesalers, that supply most Small Businesses are the best sources of flexible credit financing. Most of them will continue to work with you, if you arrange a regular payment plan with them.
2) Make
Payments on your Revenue, not on uncollected Sales : I am sure, that none
of us will want to land a plane, hoping that the runway is beneath us in the
fog bank, as also Business owners, it is not advisable to make projected
payments on uncollected revenue. You may wander, what happens to Credit
Facilities, Guess What, Most Credit Facilities still have a timeline for
payment.
3) Do
not use Payroll Taxes to float your Business Operations: Studies
have shown that most Business Owners use the Tax liabilities, collected
during payroll, to float their businesses, rather than remitting the payments
to the appropriate Tax Authorities. They don't realize that they spend
more in potential penalties, fees , interests, time and aggravation, if they
engage in this act. Tax Liabilities grow, if they are not remitted at the
appropriate timing.
4)
Establish Relationships with your Credit Provider: It is very important
for every business owner to plan for a rainy day. Having a great relationship
with a vendor, that gives you a credit facility, avoids cash flow
storms, which might bring in a sense of desperation or lack of control.
5)
Invest in a Good Bookkeeping/ Accounting Service: It is important for
Business Owners to have a grasp of their cash flow and understand the
effect on their business growth. A Good Bookkeeping service is invaluable to
your business, particularly in preparing your monthly financial reports and
cash flow statements, which will help you, see how your Business is doing as
well as maintaining your Business Cash flow.
Please feel free to contact us on 202-422-4586, if you will need further help on how to manage your Business Cash flow and financial Reports. We will love to help you. Remember: The best time to take control of your Cash Flow is RIGHT NOW. |
Understanding Your Cashflow
| Posted on July 2, 2014 at 1:55 AM |
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Welcome to the
month of July. We are done with the first half of the year and started the countdown to the remaining half of the year. Our Newsletter for
this month is on an integral part of every business; an area that is generally
misunderstood by most business owners, but interestingly plays an important
role in every organization. Have you taken time to look at your Cash flow
Statement? Can you tell where Funds are disbursed in your Business? Do you
understand the effect of your Spendings? The art of struggling to understand
and manage your cash flow can be a huge distraction to your business; in this series,
we will be providing you with quick tips on the basic method of understanding
your cash flow. Our Areas of
Concentration will be on: - Definition of
Cash Flow - Drivers of
Cash Flow in a Business - Facts about Cash
Flow - Quick Tips on
Understanding your Cash flow and applying it to your Business. - Managing your
Cash Flow effectively. What is Cash Flow? Cash Flowis the movement of money into or out of a business, project or
financial product, and can be measured at any specified period of time. The Following
are the drivers of Cash flow in a Business:
It is worthy to
note that your Cash Flow originates from 3 Basic Operations: a) Cash Flow
from Operations b) Cash Flow
from Investing c) Cash flow
from Financing Most Business
Owners have problems with Understanding their Cash Flow because of the
following facts: a) A Profit or
Loss in a Business does not equal Cash Flow. b) An Increase
in Cash in your Business is not always good. c) A Decrease in
Cash is not always bad. Many Business
Owners have problems understanding and interpreting their Cash flow, because of
the technicalities involved; but I want to challenge you today, to take the
simple test below, write down your answers and put it into practice, and watch
your business grow; I bet you will be so thankful for this
enlightenment:
By
doing this exercise periodically, you will have a better grasp of your cash
flow, and see its effect on your Business growth. I will like you to
try this exercise and forward your feedbacks. In my next article, I will be
giving you tips on how to effectively manage your Cash flow in your Business.
Please feel free to contact us, if you will need further help in understanding
your Cash flow and producing your Cash Flow Report. We will love to help you. Remember: The
best time to take control of your Cash Flow is RIGHT NOW. |
How do you value your Finances?
| Posted on June 19, 2013 at 2:07 AM |
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Recently, I was discussing with a friend, who was competing with her sister in selling their hand made beads. The conversation was about raising her prices from ten cents to twenty five cents per bead. I asked her what she needed to achieve from the increase and what areas of her life, that she feels the increase will make an impact, hence asking her the five most important things that matters to her in life. She thought about it, looked at me and said in this order: “First, My Family, then My House, Television, Candy and then Money”. Impressed that she had come up with exactly five items, I probed a little deeper. “Mary, what do you need to get the candy that you love?’ “Money”, she said. “And how about the TV, what do you need to get that?” “Money” “And how about your house?” “Money”, she replied once again. And then I asked, “How about your family, what do you need to get them?” Just as quickly, she replied, “Love” “That’s right, “I said, but don’t you think that maybe you have to reorder your list? You see, if you need money to buy the candy, the house and the TV, then don’t you think money should be more important than what it can buy? In that instance, she thought about it and said, I was right, and within that short period, I introduced her to the law of money, a law that serves as the foundation for wise spending. THE LAW OF MONEY: PEOPLE FIRST.THEN MONEY.THEN THINGS You see, most of us are just like Mary, we value things more than we value money. We care more about having what money can buy than we care about having money itself. When we follow the law of money, we will find out that, we are respectful of money, and if we follow it and keep what we have and spend, it will make us truly rich. We will analyze each category:
The difference in your perception is the VALUE SYSTEM that you applied- A Room filled with things is okay, whereas a room full of money is not.
In conclusion, when we work hard for our money, maybe forty hours or more a week and then go shopping, buy food, clothes and stuff, we usually say that we don’t know where the money went. This is also applicable, when we pay for services, that we really need; but why don't you consider this- CHANGE your perspective now, if we valued money over things and over items it can buy, then we would know exactly where our finance is going. We should change our money/thing ratio, so that we will have more money than things, this will also encourage us to take great pleasure in seeing our money and watching it grow. With this approach, we would always know when we can afford something that we need and will be more likely to be able to buy the things we TRULY WANT to make us happy. So next time, you go out to spend money, always remember that you are not throwing the money away, but you are exchanging it for something that has a value to you. Please feel free to give us a call today to get your finances organized, so that you can capture where your expenses are going and invariably increase the value you need for the important areas in your life. |
Why Use Quick Books Accounting Software?
| Posted on May 8, 2013 at 2:30 AM |
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It is important for every business owner to have an effective accounting system in place, so that they can increase their efficiency and manage their finances effectively. When a client comes to us in need of Bookkeeping /Accounting Services, it is noticed that most of the time,many of the business owners do not have an accounting system in place and this puts their businesses and finance in a great mess. An accounting System is the basis of a good business and goes a long way, in showing how the business can handle its profits,manage its expenses, handle its payroll and invariably increase its net worth. We always advise our clients, to get QuickBooks, to handle their accounting/bookkeeping records. QuickBooks is a set of accounting software solution that is designed to manage payroll, inventory, sales,purchases, invoices, receipts and other needs of a small business. It is usually tailored to meet the needs of every different industries and business types. We always encourage our Clients to use Quick Books and if they cannot afford it; we can set up their company QuickBooks file on our system, and prepare their reports and send in electronic files to them, to view, their company financial position. We will go ahead to list a few reasons,why you should use QuickBooks for your Business Accounting Software:
We also advise our clients on the suitable type of QuickBooks to use for their business and invariably help them in setting up the Software,to suit their Business type.
These are just a few of the reasons for using QuickBooks Accounting Software for your Bookkeeping services; we have found out that most business owners always underutilize a lot of the QuickBooks features, either because of ignorance or lack of training. You can always contact us to train you on how to best utilize your QuickBooks Software.We offer various QuickBooks services at very affordable rates. Our QuickBooks Services include: - QuickBooks Setup - QuickBooks Personalized & Group Training - QuickBooks Supervision/Review - QuickBooks Support - QuickBooks Tune Up - QuickBooks Cleanup - And many more It is always important to make the best use of your QuickBooks software in order to get the best financial reports for your business. Using QuickBooks Accounting Software is a smart and affordable way to get a handle on your books. Accurate records enhance educated decisions for your business and will save you money. WHY DON’T YOU CALL US TODAY ON 202-422-4586 to schedule an appointment; so that we can show you the best way to use your QuickBooks Software, and if you do not have one, DON’T WORRY, We can always purchase one for you or set up your QuickBooks Company file on our system and send you regular reports, so that you can manage your business effectively and make great business decisions. Please also feel free to fill out our contact form, so that we can get in touch with you to respond to your needs. We will love to help you. |