Accounting service | Data Smart

Welcome to Data Smart

Accounting Services &
Cloud accounting

Bookkeeping service that is easy to use.

Services for entrepreneurs

Do your own bookkeeping and have fun while you do it!

Professional foundations

Give your business a unique style that helps convey your message.

Mission

Constant improvement and we constantly add new services, in step with the times.

Business trends

We have many regular clients who trust us as a stable partner.

WHAT WE DO

Are you looking for bookkeeping you can rely on?

You don't have to look any further!

Data Smart jdoo is the complete bookkeeping you need to manage the business of companies and trades. Consulting and online options for issuing quotes and invoices make these services easy.

WHY CHOOSE US

Long-term vision and growth of your business

Year of Experience

We gained experience working in bookkeeping services and active bookkeeping for companies.

Satisfied customers

Over 40 regular clients ensure that we work optimally for everyone who trusts us as an outstanding partner.

Completed Projects

About 50 projects a year that include smaller/larger investment in business and when opening a company with incentives.

40 + SATISFIED USERS

See why they are so satisfied!

Datasmart bookkeeping ideally serves companies and trades alike

YOU HAVE A QUESTION

Often set
Questions

How can I reduce my tax liability?

Make the most of all tax deductions such as mortgage interest and charitable contributions. Next, consider tax credits that directly reduce your tax debt. Third, consider deferring your income until next year or increasing your retirement contributions. Finally, if available, opt for tax-free benefits instead of taxable income. Don't let taxes weigh you down! Consult a tax professional for personalized advice tailored to your financial situation.

How can I manage my business finances more efficiently?

First, determine a budget that works for you and your business. Make sure all your financial records are organized and up to date. Embrace technology and use financial software to streamline the process. Keep track of what you owe and what is owed to you, and don't forget to check your cash flow regularly. When it comes to investments, choose wisely! And if you're feeling a little lost, don't hesitate to ask a financial professional for help. By taking these tips into consideration, you'll be well on your way to financial success for your company.

What is the best way to track my expenses and income?

The first step is to track your income and expenses. Here's our take on the best ways to track your income and expenses. Try a budget app - it can save you! Do not throw receipts away, place them in a visible place for reference. Spreadsheets can be a simple but effective solution. Link your bank accounts for effortless tracking. And finally, have a system to categorize your expenses, believe me it can make a big difference. The key is to find a method that works for you and stick with it. You will soon have a clear picture of your financial situation and the power to make smart decisions with your money.

How can I create a budget for my company?

If you want to keep your company financially stable and make informed decisions, a budget is an essential tool. By following these steps, you will have a budget tailored specifically to your business needs: Set your financial goals: Determine what you want to achieve financially with your business. Make sure your goals are specific and measurable. Be aware of your numbers: Collect data on your past income, expenses and sales to get a clear picture of your financial situation. Classify your expenses: Divide your expenses into categories like rent, salaries, advertising and supplies to see where your money is going. Plan for the future: Based on past data and future goals, estimate the amount you will spend on each category in the coming period. Forecast your income: Use your projections to create an estimated income statement to see what your business's expected net income or loss will be. Stay on track: Regularly compare your actual income and expenses to your projected budget to track your progress and make adjustments as needed. Adapt to change: Your business is constantly evolving, so review your budget regularly and adjust it to reflect changes. By following these steps, you'll have a budget that takes into account your company's unique needs and goals, helping you make smart financial decisions.

How to prepare for the audit?

Audits can be scary, but being prepared can make a big difference. Here are some tips for a good audit experience: Keep your books in order: Make sure your financial records are accurate and up-to-date, and organize them for easy access. Refresh Company Procedures: Familiarize yourself with your company's policies and procedures, including any existing internal controls. Identify potentially risky areas: Take a look at your financial operations and identify any areas that could raise concerns during an audit. Be prepared to explain and address these areas. Delivery of relevant documentation: Have all necessary supporting documents, such as contracts, employee records and tax returns, readily available. Select a contact person: Designate a single contact person who will work with the auditors and who has a good understanding of your company's financial operations. Prepare a list of questions: Write down in advance any questions you have for the auditors, such as the scope of the audit and the estimated time frame. Be a good host: Auditors are there to help, so be open, cooperative, and willing to provide them with the information they need. Take their results into account for future actions. By following these steps, you'll be audit ready and can expect a productive, stress-free experience.

How to pay salary and employee benefits?

Payroll and Benefits: Determine the frequency of payments, Choose a payroll system, Calculate payroll taxes, Offer employee benefits, Stay compliant, Keep accurate records, Communicate with employees, Process payroll regularly. By taking these steps, you will ensure that your employees receive their pay and benefits accurately and on time. A happy workforce is productive!

How can I set up and maintain proper accounting records?

Accounting Records: Choose an accounting method, Set up a chart of accounts, Use accounting software, Record transactions regularly, Reconcile bank statements, Track accounts receivable/payable, Prepare financial statements, Review and adjust entries.

How to deal with liabilities and receivables?

Accounts Payable and Accounts Receivable Management: Track invoices and invoices, Set up payment schedules, Use accounting software, Reconcile invoices regularly, Communicate with suppliers and customers, Track cash flow, Track late payments, Review and adjust entries.

How can I analyze and interpret financial statements?

Analysis of financial statements: understand key financial indicators, compare financial statements over time, identify trends and changes, check for deviations, consider the company's industry and market, look for red flags, use data to make informed decisions, seek advice from professionals. By regularly analyzing your financial reports, you will gain valuable insights into the financial condition of your company.

How can I determine the financial health of my business?

The financial health of your business can be assessed by looking at several key metrics. Here are some of the most important metrics: Cash Flow: This measures the amount of money coming in and out of your business. A positive cash flow means your business is generating more money than it is spending, which is key to long-term sustainability. Profit Margin: This is the percentage of sales that is profit after all expenses have been paid. A high profit margin indicates that your business is efficient and can generate a good return on investment. Debt-to-Equity Ratio: Measures your company's debt-to-equity ratio. A low debt-to-equity ratio means that your business is funded primarily by owner investment, which is generally a positive sign. Return on Assets (ROA): This measures how much profit your business is generating relative to the assets it owns. A high ROA indicates that your company is effectively using its assets to generate profits. Current Ratio: Measures a company's ability to pay its short-term debts with its current assets. A ratio greater than 1 means that the company has enough current assets to cover its short-term debts. By examining these metrics, you can gain a comprehensive understanding of the financial health of your business. If you need more help or have any questions, just let me know!