How to Record Vendor Bills in QuickBooks
Learning how to record Vendor bills in QuickBooks will allow you to track all of your expenses and run a A/P report.
How Business Structures Impact Bookkeeping
Business structures will ultimately affect how taxes are filed each year by the business and individuals. IN this blog, we will discuss the different business structures and how they operate when it comes to taxes.
Financial Accounting Overview
Here is an overview about Financial Accounting that is used by accountants to document, compile, and outline a business’s financial performance over a specific time period.
The Importance of Accounts Payable
Accounts payable are debts due by a business to its suppliers. Your payables must be correct for your balance sheet to be accurate.
8 Tips for Creating a Budget
A budget helps you avoid overspending and running out of money. To help you prepare, we’ve compiled 8 budgeting tips.
The Importance of Account Receivables
Understand the importance of account receivables, how to run reports, and how collections will impact your business. Read our article to learn more.
Why Is Employee Classification So Important
Proper classification is important for both the employee and employer to avoid costly penalties. Read our article to learn more.
Why Keep Business and Personal Expenses Separate
It is very common for small business owners to mix personal and business expenses. Unfortunately, to their own detriment. Read our article to learn why they should be kept separate.
Which QuickBooks Online Plan Is Best For My Business
Take a look at our article if you’re thinking about using QuickBooks Online for your business but aren’t sure which plan is right for you.
What You Should Know About Managing Cash-Flow
As a business owner, managing cash flow is often one of the biggest challenges. Here is what you should know about cash flow management.
Accounting Methods: Cash or Accrual Basis?
There are two methods of accounting that businesses can use: cash basis or accrual basis. Although they sound complicated, read our article to understand the differences between the two and when to use them.
How to Use Invoices and Sales Receipts in QuickBooks Online
One of the best features of QuickBooks Online is that small business owners can issue either invoices or sales receipts. Read our article to learn the difference between the two, including when to use them.
The Actual Cost of Hiring an Employee
When hiring an employee, there are a few things to consider. One of them is the fact that the cost of hiring an employee is greater than their hourly wage.
Why Reconciling Your Bank Accounts Is Important
Periodically reconciling your bank accounts is a great practice to help keep your books in order, catch any discrepancies on time, and make filing end-of-year taxes easier. Here is everything that you need to know about this process.
Is Your QuickBooks Online File Up-To-Date
QuickBooks is a valuable tool for small businesses, but you only get out of it what you put into it. It’s easy to neglect bookkeeping if you are too busy working on other tasks to run your business, but an out-of-date file will surely give you a headache when trying to balance your books. Consult with us and request our service to review your QuickBooks Online File today!
How Working Remotely May Affect Your Taxes
Remote work has many benefits, but one of the drawbacks is that it makes filing your taxes more complicated, particularly if you are working from home in a different state from the one your company is based in. Before filing your tax return, see what you need to think about and discuss with your accountant.
How to Get Your 2022 Finances in Order
As the New Year is here, here is the time to review your finances and be financially ready for what’s ahead. Learn about a few tasks you can get started on right away.
Should Your Business File Forms 1099?
By law, you may be required to issue Forms 1099 to worker and the IRS by January 31st, 2022, if you hired independent contractors to perform services for your company, and paid them each $600 or more for the year.
Bank Accounts Imported Into QuickBooks
In case you’re new to QuickBooks or you haven’t set up online banking yet, you may not know how easy it is (financial institutions may vary), or how safe it is. You can connect to one of your banks and import months of transactions under 10 minutes, depending on the volume of bank transactions you have. Check out our article to learn how.
Why You Should Automate Your Accounts Payables
Accounts payable (AP) is a crucial function to any business, as errors in the process put a company in problems. Although many businesses still use manual methods as they find the system to work fine, it requires a lot of precision from the accounts payable team. There are better – and more efficient – ways to manage AP through automation.
3 Financial Challenges that Small Businesses Face
Ever wondered why so many promising new businesses crash land a few months (or years) after taking off? It often has to do with all the financial challenges they couldn’t navigate through.
Why Your Health and Wellness Practice Needs Professional Bookkeeping Services
The United States has one of the most enviable healthcare industries in the world. There are hundreds of health and wellness centers located throughout the country that offer specialized services.
Mistakes to Avoid When Implementing Business Accounting Technology
Choosing to implement new technology for your accounting needs is a big step toward improving your business. Accounting technology helps streamline the accounting system, thereby offering various benefits. However, poor implementation can impact your business negatively. To make your implementation a success, there are several mistakes that you must avoid.
3 Things Your Accountant Should Do to Help Your Business Grow
An accountant is responsible for more than crunching numbers. With the right accounting guidance and assistance, your small business can slide its way forward and grow more rapidly than it would’ve otherwise.
3 Most Bookkeeping Challenges Faced by Beauty Salon Owners
Bookkeeping is crucial for every business, and yet, many beauty salon owners underestimate the significance of this activity. In between booking appointments and ordering supplies, they barely have the time to attend to the bookkeeping and accounting needs of their business.