Setting Up Products and Services
The products and services your business sells make it unique. The same thing is true of how these items are set up in your accounting software. Whether you’re using QuickBooks Online or something else, getting your products and services set up right can...
Business Income and Expenses Tracking
The actual process of keeping books is easy to understand when broken down into steps: Keep receipts and or other acceptable records of every payment and expenditure from your business. Summarize your income and expenditure records on a periodic basis (generally...
How to Cut Costs with Fixed Assets Management
Fixed assets are special kind of assets in your business. They include land, buildings, equipment, furniture, and vehicles that your company owns. While we frequently look at expenses to cut costs, fixed asset management is another place we can look to find ways to...
5 Tips on Bringing Home the Bacon
Whether you call it bacon, Benjamins, or big bucks, cash – and having enough of it – is key to running your business. Here are five tips related to managing and getting the most out of your business cash. 1- All banks...
QuickBooks Reminders Prevent Problems
Preserve your relationships with customers, vendors, and others by setting up reminders in QuickBooks. How many calendars do you maintain? Many business people have more than one. Maybe you use a web-based or desktop application like Google Calendar or Outlook for...
Three Tips to Maximize Your Social Security
Social security is one of those topics that seems to be minimized by statements like, “You can’t count on it,” and “By the time you reach retirement age, it won’t matter.” Those statements are not only incorrect; they contribute...
Do You Spend Too Much Time on Email?
If you feel like you spend too much time on email, you’re not alone. Almost everyone feels the same way. That’s why it’s so important to learn how to be as productive as possible when it comes to handling email. Here are five tips to help you do just...
Cool Apps: Accounting System Add-ons
Accounting software continues to evolve decade after decade. It started out as one big massive complicated set of programs that only large companies could afford. Today, cloud accounting is the modern solution, and today’s accounting systems are designed to meet...
Employees vs Contractors
What does it cost employers to have an in-house administrative assistant versus a virtual assistant? In the office setting, productive use of time can be lost by socializing, experiencing downtime, training, or being away from the office. Employers pay for overhead...
How to Read Your Income Statement
The income statement of any business is probably the most important report of all. It is a snapshot of the financial performance of your business over a period of time, such as a month or year. You might also hear it called the Profit and Loss Statement, or P&L....