Author Archives: denise

What the Heck is a Balance Sheet? (& why do I want it?)

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Seems like everyone knows what a Profit and Loss Statement (“P&L”) is.  That tells you what you made and what you spent, right?  Well not exactly.  A P&L tells you what you what income your business generated, and what expenses you had in the process of generating that income.  Wait–isn’t that what we just said?  Ah, but what you “spend” isn’t always all on “expenses”!  What?  Here’s where the “Balance Sheet” comes in.  Let me explain. A “P&L” lists income and expenses in a given time period–last … Continue reading →

What to Do if You Haven’t Filed a Tax Return

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Special thanks for this article to the Padden Cooper, LLC May, Newsletter Filing a past due return may not be as difficult as you think. Taxpayers should file all tax returns that are due, regardless of whether full payment can be made with the return. Depending on an individual’s circumstances, a taxpayer filing late may qualify for a payment plan. It is important, however, to know that full payment of taxes upfront saves you money. Click here for more info Here’s What to Do When Your Return Is … Continue reading →

Your Bookkeeper Enters the Classroom

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Denise Worrell, CEO and founder of Your Bookkeeper, joined hands with the Junior Achievement Program, Medford Business Association, and Shawnee High School this past fall to teach a first period business class at Shawnee High School once a week for seven weeks. Melissa DerPilbosian, the business teacher who heads up Shawnee High School’s DECA Program, worked with the Medford Business Association to bring J.A. into her classroom.  The program works by using volunteers from the business community to teach the grade-appropriate curriculum. “It was like riding a … Continue reading →

Do I Really Need to Save all My Paper Receipts?

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The electronic era we live in has it’s good sides and it’s bad–but this time, I can report happily, that you can put 3/4 of your filing cabinets on Craig’s List and use the proceeds to invest in a good-quality scanner (like this one that I use) and be done with all that paper clutter. What about the IRS??  Read this excerpt from Tom Copeland’s article below for some great info: Tom Copeland’s Taking Care of Business Are Receipts Obsolete if You Use a Scanner? It’s a family … Continue reading →

Your Extension is Almost Over–What Now???

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Bet you thought you’d have those books caught up by now, didn’t you?  Bet you thought you’d have time over the summer.  Bet you thought something would have changed.  But here you are, two weeks from filing time again, and no better off. What now? Well, first off, say UNCLE. You’re never going to have time.  You Don’t. Have. Time. Call for help.  Get the ball rolling, get a qualified bookkeeper (or a whole team of them–we have been known to put several people on a rush … Continue reading →

The Bookkeeper: Who’s “IT”?

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I recently spoke in front of a group of entrepreneurs and investors (NBEIA) on the topic of who should do the bookkeeping for their businesses.  I thought I’d share it with all my readers by posting a link to my speaking notes.  Maybe next time I’ll record it so you can listen, not read!! Here ya go!   Who’s it    If your business or civic group needs a speaker and there’s a financial or business topic you would like addressed, please contact Denise Worrell using the contact … Continue reading →

Losing Interest

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After awhile, I lose interest in things.  I know I’m not unique, but it still disappoints me about me.  The worst thing is, I use guilt to try to get myself re-interested, and “back on track.”  So far that hasn’t worked. Don’t get me wrong, I don’t lose interest in everything–just some things.  Things that I thought at first I could/would continue to do.  For example, last summer I painted the floors in my house.  I know that sounds odd, but they are really old, ruined wood … Continue reading →

When to Hire a Bookkeeper or Accountant

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When QuickBooks takes you only so far, it’s time to bring in a financial pro. Entrepreneurs thrive on a DIY mentality:  Do everything you can yourself and don’t pay for anything until you absolutely have to.  It’s especially difficult to justify hiring financial help like a bookkeeper. With user-friendly software such as QuickBooks available, many business owners feel they should be able to do keep their records on their own, even as they wrestle with finding the time and wonder if they’re doing things correctly. Deciding about “hiring … Continue reading →

New Digs

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On a recent Saturday, Medford, NJ residents reported strange activity in and around the offices of YOUR BOOKEEPER at 23 South Main Street.  Further investigation revealed non-employees carrying office furniture across the street. Bystanders sighted staff bookkeepers carrying computers and keyboards, and the owner of the business was seen removing artwork.  (story cont. below)   When This Took Place While the Activity was first noticed by local area residents on Saturday, March 2, investigation revealed that the conspirators had been planning the covert operation since early January. … Continue reading →