Do not overlook bookkeeping in your business if you are a business owner. It may seem tedious, but failing to prioritize it can have serious consequences. In this blog, learn what can happen when bookkeeping is neglected.
Preparing tax returns, compiling financial statements, and completing the month-end closing are just a few examples of the seemingly endless tasks of accounting. Thus, let’s talk about how you can improve your month-end closing process to save time and boost productivity.
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.
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.
If you’re new to QuickBooks Online and want to get more out of your QuickBooks plan by learning how to create and use reports, take a look at our article.
Small business owners that have sustainable, long-term growth plans are far more likely to build a business that lasts. Read our article to find out what factors may affect the longevity of your business.
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.
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.
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.
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.
According to the U.S. Bureau of Labor Statistics (BLS), the Producer Price Index (PPI) or the increase in prices saw a substantial rise. With costs not appearing to abate anytime soon, here are a few steps that businesses can take to combat inflation.
As you try to catch up for the year 2021, keep in mind to prepare your QuickBooks as well. This will be helpful to keep the books clean.
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.
The Internal Revenue Service has lately introduced the inflation-adjusted 2022 elective standard mileage rates used for the calculation of deductible costs of running a vehicle for business, charitable, medical, or moving purposes.
If you’ve got recently a business started – or are contemplating to start a business – there are a few things you should know as a new business owner. You could be eligible to deduct your business costs incurred before the business started operating. Read our article to learn more.
Are your workers properly classified and managed for your business taxes? Find out how the IRS determines your workers tax status and filing.
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.
According to the survey conducted by the job site Indeed, COVID-19 has taken a toll on workers even more in 2021, compared to 2020. It has found that 52 percent of those surveyed felt “burned out” in 2021. Sixty-seven percent of those asked said that feeling burned out has become more pronounced as COVID-19 has progressed. It’s more noticeable among remote workers (38 percent), compared to 28 percent of employees working in person. Read our article to learn more.
Based upon a recent McKinsey Global Survey, nearly 9 in 10 (87 percent) of management and above level respondents affirmed they are currently, or within the upcoming five years, dealing with the skill gap among their employees. With the vast majority of businesses experiencing or forecasting a skills-gap, how can they close or reduce this challenge? Read our article here to learn more.