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Category Archives: QuickBooks
On-line (Cloud) Computing for Small Business
More and more office applications are moving to cloud from spreadsheets and word processing programs to accounting systems. Some are even free of charge (Google Sheets and Wave Accounting) but others are available for a subscription fee. For the small … Continue reading
Posted in Accounting, QuickBooks, Small Business, Technology
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Most Common Bookkeeping Mistakes
1. USING THE WRONG ACCOUNTING METHOD There are two main business accounting methods: cash and accrual. Cash accounting is the simpler method because it’s based on the actual flow of cash in and out of a business. The cash method … Continue reading
Posted in Personal Finance, QuickBooks, Small Business
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QuickBooks Online: A review from the CPA Practice Advisor
QuickBooks Online is a product more and more of my clients are using. It’s accounting in the “cloud” which allows you to access your accounting records from anywhere you can access the internet. You can give your accountant access to … Continue reading
Posted in Accounting, QuickBooks, Small Business, Technology
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Common Small Business Mistakes
According to the U.S. Small Business Administration (SBA), a small business is one that employs fewer than 500 employees, a definition that applies to a wide swath of companies. In fact, the SBA says that small businesses account for 99.7% … Continue reading
Posted in QuickBooks, Small Business, Tax Preparer
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Compiled Financial Statements
The most frequent use of a compiled financial statement by a small business is to obtain bank financing or comply with loan covenants. But what is a compiled financial statement and how is it different than an audit? Difference Between … Continue reading
Posted in QuickBooks, Small Business
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Why to keep good records… the IRS’s answer
Everyone in business must keep records. Keeping good records is very important to your business. Good records will help you do the following: Monitor the progress of your business Prepare your financial statements Identify source of receipts Keep track of … Continue reading
Posted in Accounting, IRS, QuickBooks, Small Business
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