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Does Work-Life Balance Impact Job Satisfaction?

According to a recent IMA survey, women in their twenties have the second highest job satisfaction rate while the rate is the lowest for women in their thirties. Job satisfaction sharply rises for women compared to men in their sixties. Is work-life balance a driving factor?

Women in their 30s are busier than ever balancing careers, families, and personal interests. Work-life balance is often hard to achieve, and may be a key reason for job dissatisfaction in this age group.

Figure 5 shows an age-range breakdown for the percentages of those who said they are very satisfied overall with their present job. Overall, about 23% said they were very satisfied with their job. Job satisfaction is relatively high for women in the 20-29 age group and for both men and women in the age 60-and-older group. The lowest overall satisfaction is reported by those in the 30-39 age group. (IMA: The Association of Accountants and Financial Professionals in Business 2015 U.S. Salary Survey www.imanet.org/salary_survey)

IMA Graph

Does improved work-life balance increase job satisfaction? We think so. At Bookminders, work-life balance is the rule, not the exception.

Our staff is comprised of highly skilled accounting professionals who typically work 20 to 35 hours per week. Employees enjoy a flexible schedule, access to training and support, and opportunities to work on challenging assignments. Internal surveys report high job satisfaction and roughly half of Bookminders’ seventy employees have been with the company for at least five years.

And we’re growing.

Please let us know if you are interested in employment at Bookminders. Qualified candidates are invited to an Open House to learn more about our work environment and meet our staff.

Bookminders provides timely, accurate and cost effective accounting services to small businesses and nonprofit organizations. Clients use Bookminders as an alternative to hiring in-house staff and benefit from cost savings, improved financial management, access to qualified staff and elimination of distractions due to turnover. Learn more about our services.

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QuickBooks Online Banking

If you have a lot of banking transactions, QuickBooks online banking can be a money and time saver. With QuickBooks Online Banking you will get:

  • More up-to-date bank account balances—Transactions can be posted to QuickBooks before paperwork is received for processing. This can be beneficial if you have a high volume of EFT transactions, credit card/merchant service deposits or other deposits. This is particularly useful for retail or restaurant businesses.
  • Faster month-end reporting—QB transactions can be electronically matched to those cleared at the bank, so you don’t need to need to wait for a bank statement before preparing board reports or other month-end reports.
  • Error detection—Bank errors can be identified sooner and can often be resolved before the bank statement is received.

If your bank participates with QB Online Banking services, they may offer one or both of the following interfaces. Both services are equally effective, but if you have a choice, Direct Connect is the more efficient service.

  • Direct Connect—connects to the bank and downloads bank account information directly into QuickBooks.
  • Web Connect—requires log in to your bank’s website to download activity and import into QuickBooks.

To initiate QB Online Banking services, contact your bank to complete an enrollment application. You may be able to enroll online, by phone, or at a local branch. Usually your application information must match the master account information on file at the bank, so you may want to ask a bank representative to help you complete the application.

Be sure to sign up for the online banking service that has a direct interface with QuickBooks. Some banks offer other services that will let you download and import transactions, but these services do not save as much time.

If someone other than the business owner is accessing the QB Online Banking service, they should not be provided with access to the ability to pay bills, transfer funds to accounts outside of your organization, or generate any type of banking transactions from your account. If possible, obtain a username and password for yourself and a separate (limited access/read-only/download-only) username and password for your bookkeeper.

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Bookminders Launches Licensing Program

Over the past 20 years, Bookminders has created standard processes, pricing structures, marketing strategies and, most significantly, an employment model attractive to accounting professionals seeking work/life balance.

Our business has drawn interest from accountants across the country. So over the past year, we developed a licensing program to allow other accountants to build similar outsourced bookkeeping operations.

We officially launched this program with an initial group of licensees who are starting or expanding practices in Orange County CA, Denver CO, Omaha NB, Detroit MI and Erie PA.

Please contact us if you know of friends or associates in markets outside of Pittsburgh and Philadelphia that might be interested in our licensing program.

We are committed to our mission of delivering premium outsourced bookkeeping services while offering flexible employment to those in the accounting profession. For more information please contact Tom Joseph at tsjoseph@bookminders.com 877-517-2665 ext 222.

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