Barry's Bookkeeping & Services

01/13/2025

YIKES! Please people! Pink collar crime is no joke. Know your numbers. Watch your bank accounts, credit cards, accounts payable etc. It is stunning that she could have taken that much money without being discovered.

Featured Wenatchee business owner wins nearly $2 million in civil embezzlement case against former employee Source ONE News staff Jan 9, 2025 9 mins ago 1 min to read Facebook Twitter WhatsApp SMS Email Rob Witheridge Facebook Twitter WhatsApp SMS Email Print Copy article link Save WENATCHEE — In ...

01/13/2025

Just a little humor as tax season draws near.

11/04/2024

PLEASE VOTE! THE WORDING ON THE BALLOT IS DIFFICULT TO UNDERSTAND AND THAT IS BY DESIGN. DO NOT BE DECEIVED! Please share this information too.

09/15/2024

A giant 🚢 ship's engine broke down and no one could repair it, so they hired a Mechanical Engineer with over 30 years of experience. ⚙️
He inspected the engine very carefully, from top to bottom. After seeing everything, the engineer unloaded his bag and pulled out a small hammer.
He knocked something gently. Soon, the engine came to life again. The engine has been fixed!
A week later the engineer mentioned to the ship owner that the total cost of repairing the giant ship was $20,000. 💰
"What?!" said the owner. “You did almost nothing. Give us a detailed bill."
The Engineer replied him “The answer is simple:”
Tap with a hammer: $2
Know where to knock and how much to knock: $19,998. 💰
The importance of appreciating one's expertise and experience...🙌 because those are the results of struggles, experiments and even tears..😭💪
🕒 If I do a job in 30 minutes ⏰ it's because I spent 20 years 📚 learning how to do that in 30 minutes. You owe me for the years, not the minutes. 💪

05/30/2024

I'm looking for a rock-star full charge bookkeeper to join our staff. I'm open to part time, full time or even temporary or occasional. Remote work is not an option, at least not at this time. If you know this person, would you kindly send me a private message or give me a call? Thank you!

04/18/2024

https://www.facebook.com/reel/435990598917696?fs=e&s=TIeQ9V&mibextid=xCPwDs

03/25/2024

https://www.fastcompany.com/90980905/irs-tax-brackets-2024-vs-2023-full-list-incomes?utm_source=facebook&utm_medium=ppc&utm_campaign=keywee_tb&kwp_0=2331882&kwp_4=6590119&kwp_1=2816299&fbclid=IwAR2Lul4tvxt_TBXXtXwhRHv-TV2EjUkSjGOVsPjHr-hgdcsI6EK76JGtTHs_aem_AbwMx6j-eOVLLuGXIkQMx_jZUjR-cir1Q9P5forRl8boSjneGh5bYhYPBWKezZKeQ5zi3V5uVneVun3Fxz3v5Up-

The Internal Revenue Service (IRS) has announced new income thresholds for the 2024 tax season. The changes are meant to offset the impact of inflation.

12/03/2023

When we’re exhausted, we tend to loosen our grip on the promises of God. But Jesus has compassion for the exhausted, worn-out, weary heart. He invites us to come to Him to find rest for our souls and a fresh perspective on our lives (Matthew 11:28–30).

10/11/2023

Requested an extension to file your 2022 tax return? To avoid a possible late filing penalty, you should file your Form 1040 on or before Monday, 10/16. See: https://ow.ly/oORY50PS74q

09/20/2023

This article provides a pretty simple explanation of some of the most common business structures and why you might want to choose one over the other.

No sure if an S-corp, C-corp or LLC is the right business structure for you? Learn more about each type and what businesses they’re good for.

07/04/2023

Being a business owner is not for the faint of heart. You must be courageous, hard working, focused and have a very thick skin. Here’s to the ones who everyday get out there, make it happen and are the very backbone of the economy! 👏🍻🇺🇸 HAPPY INDEPENDENCE DAY!!

04/17/2023

Tomorrow is the tax deadline. If you need more time to file your return, apply for an extension by the April 18 deadline. Remember, an extension to file is not an extension to pay any tax owed.

Learn more about extensions: www.irs.gov/extensions

02/08/2023

The Internal Revenue Service is telling some people to wait to file their 2022 tax return, a group that could represent millions of taxpayers. The issue

01/08/2023

Starting a business can be overwhelming. Running a company often requires learning new skills, and for many entrepreneurs – legal contracts, bookkeeping, and financial statements are uncharted territory. Here are

12/16/2022

How is it that I am so blessed to have the most generous, fabulous clients in this world? These help make my office a reply joy to be at. My heart felt thanks to Jason & Jenn for such a beautiful expression of appreciation.

12/09/2022

Copied from a peer group that I follow. If I have told you, as a client, that you don’t conduct business by journal entries so your work should not be recorded that way; now you can read a clear explanation for why I say that.

*Unpopular Opinion*

Common Advice I would like you to ignore... "Just journal everything." I have heard this from MANY people and even see "experienced" bookkeepers give this advice. This is why you should ignore it.

1) Most entries don't require a journal entry.

2) Excessive journal entries are reason enough to draw unwanted attention to your processes because it's seen as improper.

3) Journal entries should be reserved for adjustments. (To correct errors and to adjust financial statements at the end of the period to comply with GAAP)

4) Journaling everything tells me you are taking shortcuts or you don't understand how to use the system. (A common shortcut is to post everything to one account and then journal it out at the end of the month instead of recording each transaction properly as it happens.

The general rule in accounting is this. Transactions should be recorded in the same manner they happened. So if a customer paid $500 and a processing fee was charged for $50, you don't record the customer payment at the net amount $450 and leave it alone. You record $500 and a $50 payment processing fee to net. You should also have a $500 invoice in the system to account for the revenue, posting directly from cash/bank to revenue is also improper.

Many people will, I am sure, fight me on this but I FIRMLY stand by this as the PROPER way of processing transactions as an experienced bookkeeper. I am aware a lot of courses will teach you to take these shortcuts, those are also the courses that promise you 6 figures after a few months without teaching you how to do real bookkeeping because "the system will do it for you".

You have been cautioned. *Rant Over*