Most business people know how important it is to keep receipts when entertaining. But, did you know that this might not be enough? Documentation is key. It is important to document who, why, when, and where. Here are a few tips we find useful. Send out an e-mail invitation or have a guest book at...
We recently had a client that needed to train a new employee on a very complex inventory management system. While we had extremely detailed procedures written up, their prior staff person still had difficulty following the steps required, and we spent too much time fixing errors along the way. The client needed to get their...
Does your payroll company give you that warm fuzzy feeling inside? If you answered no, it might be time to consider a new payroll service provider. The best time to switch to a new payroll company is at the beginning of the year. A little due diligence on your part now will make payroll a...
At ZümiFi, we have been doing this while and have a few favorite tools to make business and our client’s businesses more efficient. This is a sampling of the tools we like to use to deliver powerful X-ray Vision for our clients. Sometimes there are just better solutions Xero purports to be an accounting system...
The IRS requires you to maintain “adequate evidence” for business expenses that you claim on your tax return. In this electronic age, though, what’s the best way to collect and store your receipts? The truth is that the best way will depend greatly on you and how you like to work. Some people still store...
We are all busy. Utilize automation technology to free up time in your workday. Many of our service providers offer automation tools to simplify repetitive tasks. For example, many banking institutions offer the ability to set up Autopay for recurring payments. Autopay allows for timely payment processing even when you are inundated with other business...
Tax Planning – why it’s key to get your YE final estimates to CPA Thinking about taxes is as exciting for most business owners as a root canal. No disrespect to our CPA friends. But there are many important reasons to start early to avoid penalties and reduce tax exposures. Regardless of how simple or...
Doug is a minimalist. His Facebook page contains little more than pictures of his dog (Tag) and tasty recipes. Doug is an “idea” person passionate about new technologies and the ever‐expanding world of consumer‐created content. Doug has a big heart for companies that aspire to make real differences in people’s lives and has a knack...
We are always awed by the great folks we get to work with. We want to introduce to you some of them here… Team Spotlight – Michelle Anderson What do you do at ZümiFi? I am a bookkeeper with ZümiFi. I started with ZümiFi in May 2016. What do you appreciate most about working with...
A new firm came on board with ZümiFi earlier this year. One of their bookkeeping requirements was that they needed to have periodic reporting that reflected how the partners would allocate firm earnings amongst themselves. In addition, they had very clear and specific agreements that we needed to follow. So ZümiFi took all this information...