P Business Solutions

URGENT HIRING‼️

📌We are looking for our next Junior Accountant

📌Qualifications:
💬Accounting graduate with at least 2 yrs of experience
💬CPA preferable
💬Knowledgeable in the following:
-Balance Sheet reconciliation
-Payroll
-Bookkeeping
-Profit and Loss review
💬Experience working with US clients is preferable
💬Proficient with Quickbooks Online
💬Independent and can work with minimal supervision
💬Highly analytical
💬Ability to work in a fast-paced environment
💬100% Remote

📌What you need:
💬Own laptop
💬High-speed internet

Please send your resume to
📩 [email protected]

We eagerly want to hear from you!

At PBS, we understand the importance of your finances and we make it our top priority. We are committed to providing you with the highest level of service and expertise to help you achieve your financial goals.

We believe in building long-term relationships with our clients based on trust and transparency. Your financial well-being is at the forefront of everything we do, and we will work tirelessly to ensure that your interests are protected.

With our comprehensive range of services and a client-centric approach, you can rest assured that your finances are in capable hands. Let us take care of the complexities while you focus on what matters most - enjoying life and achieving your dreams.

Your finances are our priority, and together we can create a secure and prosperous future.

Contact us today to get started on your journey towards financial success.







Services

"Increasing your business involves a combination of strategic planning, effective ex*****on, and continuous improvement.

Remember that business growth takes time and effort. It's important to be adaptable and willing to adjust your strategies as you learn what works best for your specific business and market conditions.

Like and follow this page
👍👍👍 https://www.facebook.com/pbusinesssolutions

Leave a comment if you have accounting concerns or clarification. We would be very happy to help you find the answers.👇👇👇







"

Intuit QuickBooks is strong small business financial software designed with features and functions to streamline invoicing and bookkeeping while also assisting you in budgeting. QuickBooks features a cloud-based option that provides useful data storing functions. It's one of the greatest small business bookkeeping tools that can be utilized with Qbox.

This subscription-based cloud storage service looks and feels like Dropbox and Google Drive, and it supports QuickBooks files. This bookkeeping software's efficiency and accuracy in eliminating issues such as the formation of conflicted files when numerous users attempt to access the same file concurrently is a vital feature.

The software includes a file-locking function that ensures only one person can make modifications to a file at the same time. Despite having multi-user setups and QuickBooks attachments, Qbox is user-friendly and cost-effective. If you often share huge amounts of files, this is the ideal bookkeeping program for your small business. It contains a variety of features that complement QuickBooks as basic accounting small company software.

When utilizing Qbox, one of the most practical bookkeeping recommendations for small businesses is to maintain files in various versions for ease of rollback and recovery in the event of data input errors.

"To ensure effective and efficient bookkeeping, here are some additional tips:📝

📝✨Simplify your chart of accounts: Create a chart of accounts that is clear, concise, and tailored to your business needs. Avoid unnecessary complexity and keep the number of accounts to a minimum to streamline the recording and reporting process.

📝✨Automate repetitive tasks: Utilize automation tools and software to automate repetitive bookkeeping tasks such as data entry, invoicing, and report generation. This saves time, reduces errors, and increases efficiency.

📝✨Regularly reconcile accounts: Reconcile your bank accounts, credit cards, and other financial accounts on a regular basis. This process helps identify discrepancies, errors, or missing transactions, ensuring accurate financial records."

Modern bookkeeping and traditional accounting are both important aspects of financial management, but they differ in their approaches and tools used. Here's a comparison between modern bookkeeping and traditional accounting:

📑Scope and Complexity:

Traditional Accounting: Traditional accounting encompasses a broad range of activities, including bookkeeping, financial statement preparation, auditing, tax compliance, and financial analysis. It involves complex methodologies and requires a deeper understanding of accounting principles and regulations.
Modern Bookkeeping: Modern bookkeeping focuses primarily on recording financial transactions, maintaining accurate records, and ensuring compliance with accounting standards. It typically involves simpler processes and may not encompass the entire range of accounting activities.

📑Automation and Efficiency:

Traditional Accounting: Traditional accounting processes tend to be more time-consuming and labor-intensive. Accountants manually input transactions, reconcile accounts, and prepare financial reports. This approach is prone to human errors and requires significant effort.
Modern Bookkeeping: Modern bookkeeping leverages automation to streamline processes. With features like bank feeds, transaction categorization, and automatic report generation, bookkeepers can save time and reduce the chances of errors. Automation also enables real-time access to financial data.

📑Decision-Making Support:

Traditional Accounting: Traditional accounting provides a comprehensive analysis of financial data, enabling accountants to generate reports, interpret financial statements, and provide insights for decision-making. Traditional accountants often take a more strategic role in analyzing financial information.
Modern Bookkeeping: Modern bookkeeping focuses on accurate record-keeping and providing up-to-date financial information. While it may not offer in-depth financial analysis, it provides a foundation of data for accountants or business owners to make informed decisions.

In summary, modern bookkeeping is a subset of traditional accounting that focuses on efficient record-keeping and accurate financial data. It utilizes technology and automation to simplify processes, while traditional accounting encompasses a broader range of activities, including financial analysis, tax compliance, and auditing. Both approaches have their place in financial management, and the choice depends on the specific needs and complexity of the business.

Disadvantages of Automated Bookkeeping✨💯
Automated bookkeeping can be an excellent tool for businesses, but there are some disadvantages to be aware of:

🔸Time-consuming to set up and maintain the system.
🔸Take time to determine the actual financial status of a business using automated bookkeeping systems.
🔸Computerized bookkeeping can be inaccurate and may not reflect the proper financial health of a business.

Automated Bookkeeping Mistakes📝📝

📃One common mistake people make when using automated bookkeeping software is not correctly categorizing their expenses. This can cause errors when it comes to tracking income and expenses.

📃Another common mistake people need to be following their income and expenses properly. This can cause errors in their overall financial situation.

Features of Automated Bookkeeping✅📝✨
The features of automated bookkeeping include the following:

🔸Efficient and accurate financial tracking
🔸Reduced processing time
🔸Simplified bookkeeping
🔸Reduced errors and improved accuracy
🔸Greater transparency and accountability for financial affairs
🔸Improved cash flow and bottom-line results

"Don't watch the clock; do what it does. Keep going." - Sam Levenson

The clock keeps moving forward, ticking away without hesitation. Similarly, you should keep moving forward with your tasks and responsibilities, making progress one step at a time.✨💯

The quote encourages you to maintain your momentum, stay committed to your objectives, and not get discouraged by the passage of time. By staying focused on the present moment and consistently taking action, you'll be able to make progress and achieve success. So, keep going and make the most of your time and opportunities!

Let's welcome 1st of July!!🎆🎆

Use the 1st of July as a day to evaluate your progress.
Look back on the previous month and acknowledge the milestones you've achieved.

Celebrate your successes and learn from any challenges or setbacks you encountered.
Use this reflection to refine your strategies and move forward with renewed enthusiasm.💖🥰

Automated Bookkeeping Benefits📈
Automated bookkeeping has many benefits, including:

1. Increased accuracy — When all your financial transactions are entered into a computer program, there is less room for error. Your books will be more accurate, saving you money in the long run.

2. Increased efficiency — Automated bookkeeping can help you to save time on tasks such as data entry and report generation. This can free up your time to focus on other aspects of your business.📤📈

3. Improved cash flow management — You will better understand your cash flow situation by tracking your income and expenses electronically. This can help you make better decisions about managing your finances and improving your overall cash flow management strategy.📝📝

Accounting is an essential aspect of running a business, as it involves the recording, analyzing, and reporting of financial transactions and information. Effective accounting practices help businesses manage their finances, make informed decisions, and comply with legal and regulatory requirements.

Here are some key components and processes involved in accounting for a business:

🔸 Bookkeeping: This is the foundation of accounting and involves recording all financial transactions, such as sales, purchases, expenses, and receipts. Bookkeeping typically includes maintaining ledgers, journals, and financial statements.

🔸 Financial Statements: These are formal records summarizing the financial activities and position of a business. The three primary financial statements are the income statement (also known as the profit and loss statement), balance sheet, and cash flow statement. They provide valuable insights into the financial health and performance of a business.

🔸 Tax Compliance: Businesses are required to comply with tax regulations, including accurately calculating and paying taxes such as income tax, sales tax, payroll tax, and more. Accounting professionals help businesses understand and meet their tax obligations.

🔸 Auditing: Auditing involves the examination of financial records and processes to ensure accuracy, reliability, and compliance. External auditors may be engaged to provide an independent assessment of a business's financial statements and internal controls.

🔸 Budgeting and Forecasting: Businesses often create budgets and financial forecasts to plan and control their financial activities. Budgeting involves setting financial goals and allocating resources, while forecasting predicts future financial outcomes based on historical data and assumptions.

It's important for businesses to establish effective accounting practices and consider working with accounting professionals to ensure accurate and compliant financial management.✨✨✨

Financial statements are important documents that provide a snapshot of a company's financial performance and position. They are prepared by bookkeepers and accountants to summarize and report the financial transactions and activities of a business during a specific period. Financial statements are crucial for decision-making by business owners, investors, lenders, and other stakeholders.

There are three primary financial statements commonly used in bookkeeping:

📝Income Statement (also known as Profit and Loss Statement): The income statement summarizes a company's revenues, expenses, gains, and losses over a specific period, typically monthly, quarterly, or annually. It shows whether a business has generated a profit or incurred a loss during that period. The income statement includes revenue from sales, cost of goods sold, operating expenses, non-operating income/expenses, and taxes. The bottom line of the income statement represents the net income or net loss.

📝Balance Sheet: The balance sheet provides a snapshot of a company's financial position at a specific point in time, typically at the end of a month, quarter, or year. It presents the company's assets, liabilities, and shareholders' equity. Assets represent what the company owns (e.g., cash, inventory, equipment), liabilities represent what the company owes (e.g., loans, accounts payable), and shareholders' equity represents the owners' investment and retained earnings. The balance sheet follows the equation: Assets = Liabilities + Shareholders' Equity.

📝Cash Flow Statement: The cash flow statement tracks the inflow and outflow of cash during a specific period. It shows how changes in balance sheet accounts and income affect cash and cash equivalents. The cash flow statement is divided into three sections: operating activities (cash generated from core business operations), investing activities (cash flows from buying/selling assets), and financing activities (cash flows from issuing/repaying debt or equity). The bottom line of the cash flow statement shows the net increase or decrease in cash during the period.

These financial statements are interconnected. The net income from the income statement flows into the balance sheet as retained earnings, affecting shareholders' equity. Additionally, the cash flow statement reconciles the differences between net income and cash flow from operating activities.

Financial statements provide valuable information about a company's financial health, profitability, liquidity, and solvency. They are used by stakeholders to assess performance, make investment decisions, evaluate creditworthiness, and plan future strategies. Accurate bookkeeping is essential to ensure the reliability and integrity of financial statements.✨💯✅

In the ever-evolving landscape of the business world, one thing remains constant: the need to continue moving forward. Regardless of the challenges faced, successful organizations understand the importance of adapting, innovating, and persisting in their quest for growth and sustainability.✨✨

We are back refreshed, recharged and inspired.🌻🌟

Needs assistance?
Don't hesitate to message us

URGENT HIRING‼️
FOR ONBOARDING NEXT WEEK

📌We are looking for our next Rockstar Bookkeeper!

📌Qualifications:
💬Accounting graduate with at least 2 yrs of experience
💬CPA preferable
💬Knowledgeable in the following:
-Balance Sheet reconciliation
-Payroll
-Bookkeeping
-Profit and Loss review
💬Experience working with US clients is preferable
💬Proficient with Quickbooks Online
💬Independent and can work with minimal supervision
💬Highly analytical
💬Ability to work in a past-faced environment
💬100% Remote

📌What you need:
💬Own laptop
💬High-speed internet

Please send your resume to
📩 [email protected]

We eagerly want to hear from you!

Day of Valor or called 'Araw ng Kagitingan' in Filipino, this official regular nationwide holiday is celebrated annually on April 9th.

If the date clashes with an Easter holiday, then the day may be moved as was the case in 2009 and this year 2023.

The holiday may also be known as 'Bataan Day' or 'Bataan and Corregidor Day'. It commemorates the fall of the Bataan peninsula during the second world war.

Easter is the celebration of Christ's resurrection from the dead. It is celebrated on Sunday, and marks the end of Holy Week, the end of Lent, the last day of the Easter Triduum (Holy Thursday, Good Friday and Easter Sunday), and is the beginning of the Easter season of the liturgical year.

Black Saturday is a public holiday in the Philippines. It is a day of mourning — the day Jesus Christ was laid in his tomb after his death by crucifixion, hence the word ‘black.’

Good Friday, the the day on which Christians annually observe the commemoration of the Crucifixion of Jesus Christ.

From the early days of Christianity, Good Friday was observed as a day of sorrow, penance, and fasting, a characteristic that finds expression in the German word Karfreitag (“Sorrowful Friday”).

Maundy Thursday, also called Holy Thursday or Sheer Thursday, the Thursday before Easter, observed in commemoration of Jesus Christ’s institution of the Eucharist during the Last Supper.

"It's a good day to start a good week!"

HAPPY MONDAY
Have a fabulous week!

It’s easy to feel overwhelmed. From our to-do lists to the piles of work in the corner, it seems like there’s never enough time to get everything done.

Giving our burdens to the Lord can feel like a daunting task. But God is capable of taking care of everything, and He can help us get through any challenge.

When we give our burdens to God, He can help us find relief. When we let Him take control, He can help us find the strength to get through whatever we’re facing.
And most importantly, He can help us find comfort in His presence.

"PBusinessSolutions

“Friday is a day to finish your goals for the week. It is a day to celebrate that which you set out to accomplish at the beginning of the week.” —Byron Pulsifer

Saturday wins!!
Happy weekend to all of you who have been working very hard!😇🥰

💥 Month-end traps and challenges

👉 The inefficiency that can arise during the month end close process is perhaps the most difficult challenge. Most organizations will report that the inefficiency stems from the initial point of entry, which is the collection of data from multiple systems.

👉 Manually locating, combining, and adjusting data wastes time that could otherwise be spent on high-value and analytical tasks.

💣 If you've been following along, you'll know that the best solution is to use financial automation software that can pull all data into a centralized location, cleanse it, and adjust it as needed to perform reconciliations (and create reports) in what feels like seconds.

🗯 🗯 The Bottom Line
While a month end close process flowchart is a useful addition to your month end close process, leveraging financial automation software is the ultimate way to optimize your process and close your books on time and accurately.

Best practices for the month-end process 📔 📔
Keep the following best practices in mind as you complete your month-end close process:

✨ Accomplish both speed and accuracy
✨Strive for excellence
✨Communicate across departments

Needs more assistance?

Send a direct message for inquiries NOW📩
Or book a call here 👇👇👇
bit.ly/3uXR0A1

Best Month End Process Flowchart Practices 📒

There are numerous components to designing the best month end close process flowchart. Take a look at these best practices for doing it right:

📝 Document the steps clearly
📝Take advantage of automation
📝Communicate clearly
📝Be open to change and improvement

We know the amount of work today is overwhelming, so here are some tips to help you with your books.

Needs more assistance?

Send a direct message for inquiries NOW📩
Or book a call here 👇👇👇
bit.ly/3uXR0A1

This week, it's all about focus! We know that month end can be a hectic week, so we've put together some tips to help you get everything done.

📝 Set a schedule

📝Make a to-do list and stick to it. This will help you stay organized and focused.

📝Break up your tasks

📝Break up your larger tasks into smaller, more manageable pieces. This will help you stay on track and avoid feeling overwhelmed.

📝Stay positive

📝Remember to stay positive and motivated. This will help you stay focused and motivated.

Don't overwork yourself

6 Steps in the Month-End Closing Process 📝

Here are the steps in the month-end close process👇👇👇

1. Confirm Transactions for the Period
2. Post Closing Entries in General Ledger
3. Check Sub-Ledgers
4. Perform all Reconciliations
5. Review
6. Prepare for Next Closing

Needs assistance?

Send a direct message for inquiries NOW📩
Or book a call here 👇👇👇
bit.ly/3uXR0A1

📝"How Does Automation Help with the Month End Close Process?

Automation can significantly reduce the stress and time-consuming nature of the account closing process for your team. Your company benefits from automation in the following ways:

1. Error reduction
There is always the risk of manual error when performing manual data entry across multiple touchpoints, no matter how capable or experienced your accounting team is. Automation solutions eliminate this risk and allow you to rely on accurate data.

2. Enhanced visibility
In most cases, more than one person is involved in the account closure process. Indeed, tasks may be distributed across regions, and with the rise of remote working, you'll need to communicate more than ever to ensure that everyone is on the same page. Automation solutions make this easier by providing visibility into the process at each stage.

3. Auditing Made Simple
Using an automation tool will make it easier than ever to conduct an internal or external audit on your financial statements. Each action is tracked and saved in the system.

Therefore, automation can save the day!😁

Still have questions?

Send a direct message for inquiries NOW📩
Or book a call here 👇👇👇
https://calendly.com/pbusinesssolutions-ga

"

When you're feeling down or burdened by life, take a few minutes and cast your cares on the Lord.

A gentle reminder to take time to relax and not overwork yourself.
Be gentle to yourself!🥰

"

"What are Month End Close Procedures?

Month end close procedures for organizations of all sizes look very similar, which is because the process is all about achieving the same goal. In general, the procedure will consist of the following steps:

🔸Collecting data, such as inventory counts, income statement accounts, general ledger, and accrued expenses

🔸Account reconciliation - the process of cross-referencing account statements with third-party data to ensure that all accounts are balanced and display correctly. Cash, savings, checking, balance sheet accounts, and prepaid accounts are all included.

Given that transactions exist across multiple systems and modules, having an automation tool that can bring disparate data into a centralized system is beneficial.

Because the process is automated, you can drastically reduce the time it takes to perform account reconciliations. By eliminating the manual process of account reconciliation, you will reduce human error, save time, and save money.

Still have questions about how to clean your books?

Send a direct message for inquiries NOW📩
Or book a call here 👇👇👇
https://calendly.com/pbusinesssolutions-ga"