Document Storage is Important!

Document Storage is Important!   Any business large or small must have a document storage system.  During the course of any business day and certainly throughout each month, a business is likely to produce and receive a number of business documents.  Receipts for expenses, such as meals or office supplies must be kept.  If it is a meal – a note must…

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Business vs. Personal Bank & Credit Card Accounts

Credit Card Accounts:  Mixing Business & Personal  I’ve had an opportunity now to work with a few clients who use multiple bank cards and credit cards for their business expenses.  I will confess, I’ve used my personal credit card and debit card to purchase business related items.  While it may seem convenient in the moment to just throw out the…

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Personal Budgeting using Quicken

Personal Budgeting Personal budgeting may be a low priority for many.  Taking time to craft a well thought out personal budget is hard when so many other concerns demand our time and attention.  Yet personal financial security cannot be achieved without some planning, in most cases.  Taking the time to record your personal expenses in a manner that will allow…

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Internal Controls – Check Writing

Is your business at risk for theft? What are your internal controls? How do you handle check writing for your company?  Does one person receive, post, then write the check to pay the bill?  What are your checks and balances to prevent reduce the risk of theft and/or error in your company when it comes to paying your bills?  Do…

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Spending more than you earn? Some ideas on how to cut back.

1.  Track your expenditures – daily if necessary.  There are many financial software programs out there – my favorite is Quicken for personal finances and Quick Books for business use.  One way to consider the balance between your income and your expenses – take your net cash amount – subtract your fixed expenses (rent, utilities, phone, cable, car payment, loan payments, etc.)….

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QuickBooks 2012 – Lead Center

This week I became a member of the QuickBooks ProAdvisor program.   Despite my years of experience as a QuickBooks user and my QuickBooks certification, joining this program seemed like a natural next step in building my business.  The first clear benefit to being a member is all of the training materials available for members to utilize in order to…

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Not-For-Profit Accounting

Recently, I have become involved with three nonprofit organizations in my community as their accountant.  I was also elected Treasurer of my Toastmaster’s club effective July 1. Because my experience and education has primarily focused on accounting in a for profit entity, I decided to read a textbook or two on the matter to ensure that I was doing the…

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Money Management 101

Yesterday, my daughter graduated from Cedarcrest High School.  I am still surprised how quickly time flew from the moment of her birth to this moment in time – where my baby girl is filling her hope chest and counting the days until she can be free of dependency on her parents for support.  One of the best things about graduating…

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Financial Statements

Do you know which financial statements you need to look at each month or each quarter to assess your business activities and progress towards your profitability goals?  Many business if not most, review the following financial statements at least monthly:  Net Income (loss), Statement of Owner’s Equity, and the Balance Sheet.  There are other helpful reports to look at such…

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Welcome!

Thank you for visiting my new website.  I am just brimming with excitement to see each piece of my business come together.  If you have already started your own business, I am sure you can appreciate my excitement as mine is launched.  My passion is accounting.  Why, you ask?  When I see something that is out of place or a…

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