Xact Financials

We love hearing from our satisfied clients! Drew Kearns from Beverage Financials shares how XACT Financials' expert team and innovative solutions have empowered their business. XACT Financials empowers all sizes of businesses with expert accounting, tax, and bookkeeping services. Our passionate team is here to help you achieve your financial goals with personalized service and cutting-edge solutions. . #Xactfinancials #successstories #Calibreoninternational #Empoweringbusinessess #Accounting #Bookkeeping

𝐌𝐚𝐤𝐞 𝐁𝐞𝐭𝐭𝐞𝐫 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐃𝐞𝐜𝐢𝐬𝐢𝐨𝐧𝐬 𝐛𝐲 𝐂𝐡𝐨𝐨𝐬𝐢𝐧𝐠 𝐭𝐡𝐞 𝐑𝐢𝐠𝐡𝐭 𝐀𝐜𝐜𝐨𝐮𝐧𝐭𝐢𝐧𝐠 𝐌𝐞𝐭𝐡𝐨𝐝. Confused about cash vs. accrual accounting? You’re not alone. Cash accounting tracks money when it’s received or spent, while accrual accounting records transactions when they occur. Understanding the difference is crucial for making informed financial decisions. With the right accounting method, you can gain better control over your finances, improve accuracy, and plan effectively for your business's future. Let XACT guide you in choosing the method that suits your business. Contact us today to simplify your financial processes! #calibreoninternational #xactfinancilas #bookkeepingaccounting

𝐒𝐢𝐦𝐩𝐥𝐞 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐞𝐬 𝐟𝐨𝐫 𝐁𝐞𝐭𝐭𝐞𝐫 𝐂𝐚𝐬𝐡 𝐅𝐥𝐨𝐰 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 Managing cash flow can be a challenge for growing businesses, but poor cash flow management shouldn’t hold back your success. Inconsistent cash flow can cause missed opportunities and financial strain. That’s why at XACT, we provide actionable tips to help you manage your cash flow effectively. From tracking expenses to optimizing receivables, these strategies ensure you stay in control of your finances. With better cash flow management, you’ll maintain stability, plan for growth, and seize new opportunities confidently. Start taking charge of your cash flow today with XACT and watch your business thrive. #xactfinancilas #Accountingbookkeeping #Calibreoninternational

𝐒𝐢𝐦𝐩𝐥𝐢𝐟𝐲 𝐓𝐚𝐱 𝐒𝐞𝐚𝐬𝐨𝐧. 𝐃𝐢𝐬𝐜𝐨𝐯𝐞𝐫 𝐂𝐨𝐦𝐦𝐨𝐧𝐥𝐲 𝐌𝐢𝐬𝐬𝐞𝐝 𝐃𝐞𝐝𝐮𝐜𝐭𝐢𝐨𝐧𝐬 Are you leaving money on the table? Many business owners overlook valuable tax deductions that could significantly reduce their tax burden.  From home office expenses to travel costs and software subscriptions, these deductions can add up quickly. At XACT, we specialize in identifying and leveraging these opportunities to maximize your savings while keeping your financials compliant.  Don’t let missed deductions impact your bottom line—let us guide you through the complexities of tax planning. Let’s ensure you’re getting every benefit you’re entitled to. #xactfinancials #taxseason #Deductions #calibreoninternational

𝐒𝐚𝐯𝐞 𝐓𝐢𝐦𝐞 𝐰𝐢𝐭𝐡 𝐚 𝐅𝐚𝐬𝐭𝐞𝐫 𝐂𝐥𝐨𝐬𝐞 𝐏𝐫𝐨𝐜𝐞𝐬𝐬. Month-end close can feel like a never-ending headache, with errors and delays piling up. These inefficiencies cost time and lead to missed deadlines. At XACT, we help you streamline your month-end close with our proven solutions. From accurate data management to automated reconciliation processes, we simplify every step. You’ll save hours, reduce stress, and focus on more important tasks. Don’t let closing your books hold you back.  Transform your month-end process into a smooth, hassle-free experience today with XACT. #Xactfinancilas #Fasterclose #Monthend #Bookkeepingaccounting

𝐔𝐧𝐝𝐞𝐫𝐬𝐭𝐚𝐧𝐝𝐢𝐧𝐠 𝐤𝐞𝐲 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐝𝐨𝐜𝐮𝐦𝐞𝐧𝐭𝐬 𝐢𝐬 𝐞𝐬𝐬𝐞𝐧𝐭𝐢𝐚𝐥 𝐟𝐨𝐫 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬𝐞𝐬 𝐭𝐨 𝐤𝐞𝐞𝐩 𝐭𝐡𝐞𝐢𝐫 𝐟𝐢𝐧𝐚𝐧𝐜𝐞𝐬 𝐢𝐧 𝐨𝐫𝐝𝐞𝐫. 𝘏𝘦𝘳𝘦'𝘴 𝘢 𝘲𝘶𝘪𝘤𝘬 𝘣𝘳𝘦𝘢𝘬𝘥𝘰𝘸𝘯: 𝐈𝐧𝐜𝐨𝐦𝐞 𝐒𝐭𝐚𝐭𝐞𝐦𝐞𝐧𝐭: This report outlines a company's revenues, expenses, and profits over a specific period. It shows how well a business is performing operationally. 𝐁𝐚𝐥𝐚𝐧𝐜𝐞 𝐒𝐡𝐞𝐞𝐭:  A snapshot of a company’s financial position, listing assets, liabilities, and equity at a given moment. It helps assess overall financial health. 𝐂𝐚𝐬𝐡 𝐅𝐥𝐨𝐰 𝐒𝐭𝐚𝐭𝐞𝐦𝐞𝐧𝐭:  Tracks cash inflows and outflows, showing how effectively a company manages its cash to cover expenses and investments. These documents form the foundation for informed financial decisions. #xactfinancilas #Cashflow #balancesheet #Bookkeepingservices

Outsourcing accounting services offers both advantages and challenges, making it important to weigh the pros and cons before deciding if it's right for your business. 𝐏𝐫𝐨𝐬 𝐨𝐟 𝐎𝐮𝐭𝐬𝐨𝐮𝐫𝐜𝐢𝐧𝐠 𝐀𝐜𝐜𝐨𝐮𝐧𝐭𝐢𝐧𝐠 𝐒𝐞𝐫𝐯𝐢𝐜𝐞𝐬: 𝐂𝐨𝐬𝐭 𝐄𝐟𝐟𝐢𝐜𝐢𝐞𝐧𝐜𝐲:  Often cheaper than hiring full-time staff, especially for small to mid-sized businesses. 𝐄𝐱𝐩𝐞𝐫𝐭 𝐀𝐜𝐜𝐞𝐬𝐬: Gain specialized knowledge and expertise without the need for extensive training. 𝐓𝐢𝐦𝐞 𝐒𝐚𝐯𝐢𝐧𝐠𝐬: Frees up your time to focus on core business activities. 𝐒𝐜𝐚𝐥𝐚𝐛𝐢𝐥𝐢𝐭𝐲:  Easily adjust services based on your business’s changing needs. 𝐂𝐨𝐦𝐩𝐥𝐢𝐚𝐧𝐜𝐞 𝐚𝐧𝐝 𝐒𝐞𝐜𝐮𝐫𝐢𝐭𝐲:  Outsourcing firms are up-to-date with regulations and have strong data security measures in place. 𝑪𝒐𝒏𝒔 𝒐𝒇 𝑶𝒖𝒕𝒔𝒐𝒖𝒓𝒄𝒊𝒏𝒈 𝑨𝒄𝒄𝒐𝒖𝒏𝒕𝒊𝒏𝒈 𝑺𝒆𝒓𝒗𝒊𝒄𝒆𝒔: 𝐋𝐞𝐬𝐬 𝐂𝐨𝐧𝐭𝐫𝐨𝐥:  You may have less direct oversight over financial processes. 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧 𝐂𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞𝐬: Working remotely with an external team can lead to miscommunication. 𝐂𝐨𝐧𝐟𝐢𝐝𝐞𝐧𝐭𝐢𝐚𝐥𝐢𝐭𝐲 𝐂𝐨𝐧𝐜𝐞𝐫𝐧𝐬:  Sharing sensitive financial data with an external party requires trust. 𝐏𝐨𝐭𝐞𝐧𝐭𝐢𝐚𝐥 𝐃𝐞𝐥𝐚𝐲𝐬: Response times may not be as quick as with an in-house team. 𝐃𝐞𝐩𝐞𝐧𝐝𝐞𝐧𝐜𝐲 𝐨𝐧 𝐓𝐡𝐢𝐫𝐝 𝐏𝐚𝐫𝐭𝐢𝐞𝐬: Relying on an external provider can be risky if their services are disrupted. Weighing these pros and cons can help you decide if outsourcing accounting services is the best choice for your business. #xactfinancilas #calibreoninternational #dependancy #prosandcons

2025 is just around the corner… are your brewery’s finances in order? Are you projecting a profitable 2025? It’s not too late to get a jump start on your professional resolutions, and if you’re ready to explore your finances in a whole new way, you won’t want to miss out on this Craft Beer Professionals event! Joined by Jeremy Carney of Central Coast Analytics, we will share our experience as a beverage business specialist and dive into how to build a culture of profit champions. Register for CBP Connects San Diego today: https://lnkd.in/dbXWrEP8

Staying compliant with financial regulations is crucial in today’s ever-changing business environment. with over a decade of experience, we know the importance of maintaining compliance is not just to avoid penalties, but to build trust with clients and stakeholders. 𝘏𝘦𝘳𝘦’𝘴 𝘸𝘩𝘢𝘵 𝘺𝘰𝘶 𝘴𝘩𝘰𝘶𝘭𝘥 𝘧𝘰𝘤𝘶𝘴 𝘰𝘯: 𝐒𝐭𝐚𝐲 𝐢𝐧𝐟𝐨𝐫𝐦𝐞𝐝:  Keep up with regulatory changes. 𝐄𝐧𝐬𝐮𝐫𝐞 𝐚𝐜𝐜𝐮𝐫𝐚𝐜𝐲:  Consistent financial reporting is key. 𝐏𝐫𝐞𝐩𝐚𝐫𝐞 𝐟𝐨𝐫 𝐚𝐮𝐝𝐢𝐭𝐬:  Advance preparation ensures a smooth process. 𝐂𝐨𝐧𝐬𝐮𝐥𝐭 𝐞𝐱𝐩𝐞𝐫𝐭𝐬:  Get professional advice when needed. Compliance is ongoing. Staying proactive now can prevent bigger issues later. #xactfinancilas #dailyinformation #followup #unitedstatesofamerica

𝑹𝒆𝒈𝒖𝒍𝒂𝒓 𝒇𝒊𝒏𝒂𝒏𝒄𝒊𝒂𝒍 𝒔𝒕𝒂𝒕𝒆𝒎𝒆𝒏𝒕𝒔 𝒂𝒓𝒆 𝒌𝒆𝒚 𝒕𝒐 𝒃𝒖𝒔𝒊𝒏𝒆𝒔𝒔 𝒔𝒖𝒄𝒄𝒆𝒔𝒔. 𝘛𝘩𝘦𝘺 𝘱𝘳𝘰𝘷𝘪𝘥𝘦 𝐈𝐧𝐟𝐨𝐫𝐦𝐞𝐝 𝐝𝐞𝐜𝐢𝐬𝐢𝐨𝐧𝐬:  Understand where your money goes to make smarter choices. 𝐏𝐞𝐫𝐟𝐨𝐫𝐦𝐚𝐧𝐜𝐞 𝐭𝐫𝐚𝐜𝐤𝐢𝐧𝐠:  Monitor progress and adjust strategies as needed. 𝐁𝐮𝐝𝐠𝐞𝐭𝐢𝐧𝐠 𝐚𝐧𝐝 𝐟𝐨𝐫𝐞𝐜𝐚𝐬𝐭𝐢𝐧𝐠: Plan effectively with accurate financial data. 𝐂𝐨𝐦𝐩𝐥𝐢𝐚𝐧𝐜𝐞:  Stay on top of regulatory requirements and avoid penalties. 𝐓𝐫𝐮𝐬𝐭 𝐛𝐮𝐢𝐥𝐝𝐢𝐧𝐠: Demonstrate financial health to investors and stakeholders. In short, they’re essential for making informed decisions and ensuring your business stays on course. #FinancialStatements #BusinessSuccess #InformedDecisions #PerformanceTracking #Budgeting #xactfinancilas #dailyinformation