August 11, 2014
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Category: Quickbooks
August 5, 2014
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How to Use QuickBooks to Save Your Business Time and Money
The purpose of using small business accounting software is to prepare your books for your CPA, or to just make your accounting all-around easier. Maybe
March 6, 2014
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Budgeting for Your Business – The K.I.S.S. (Keep It Simple Strategy)
Last week’s article extolled the virtues of budgeting…and the vital reasons why your business – and EVERY small business – should create and operate with
December 27, 2012
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Using QuickBooks to Aid with Tax Preparation
While we are not CPAs and do not offer tax preparation services, we work closely with a number of CPAs and assist our clients by gathering the information and reports they need for their taxes.
November 26, 2012
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End of the Year: Time to Close the Company’s Books
The purpose of closing the books is to make sure that all the financial information about your business is accurate and entered properly.
November 12, 2012
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Mastering the Chart of Accounts – Part 2: Balance Sheet Accounts: Assets, Liabilities, and Equity
The balance sheet is typically used to calculate the net worth of the business, and includes liabilities, cash, and equipment. A basic tenet of double-entry bookkeeping is that the total assets (what the company owns) should equal the liabilities plus equity, i.e. the books should balance. Subtracting the liabilities form the assets reveals the net worth of the business.
March 13, 2012
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Mastering the Chart of Accounts – Part 1: Income and Expense
Understanding the types and hierarchy of the line items in your chart of accounts will make it easier to maintain clean books, and use your accounting software properly. The chart of accounts categories fall under a few basic groups: income and expense, assets, liabilities and equity accounts.
March 8, 2012
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Finding the Right CPA to Meet Your Needs
CPAs come with different specialties and can provide expert advice on a wide range of topics. There are different ways to identify a CPA who is right for your organization:
February 23, 2012
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Prepare Your Books For Your CPA and Save Money!
Starting with clean books and financial statements will not only streamline tax filing but also lower tax preparation costs, and give senior management a clearer understanding of the company’s tax position
February 13, 2012
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Staying Abreast of Tax Law Changes Aids Better Bookkeeping
Smart business owners need to be sure their accounting departments are sufficiently familiar with changes in tax law, or they need to seek help from accounting services that are paid to keep up with regulatory changes.
January 30, 2012
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Tax Laws Change: Be Sure to Know Your Options for 2011
Many small businesses are structured as S corporations of LLCs, which means the owner’s personal taxes are intimately tied to their businesses. The flow-through income from the business has to be reported on the owner’s tax returns.
December 21, 2011
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