Category Archive for "Accounting"

Quickbooks Online’s Sales Tax Tools: The Basics

QuickBooks Online’s Sales Tax Tools: The Basics Are you paying the correct amount of sales tax to the proper agencies? QuickBooks Online can help. It’s hard to imagine that small businesses used to have to manage sales tax manually. It was quite a time-intensive process, and it was so easy to make mistakes. QuickBooks Online can handle the mechanics for…

Read More

Managing Users in QuickBooks Online

A multi-user accounting application needs good tools for assigning access permissions. QuickBooks Online has it covered. You trust your employees, or you wouldn’t have hired them. But you also have a grave responsibility to your customers and vendors: to keep their data safe, and to ensure that records and transactions remain accurate and unchanged throughout their lives. For that reason,…

Read More

Memorizing Transactions in QuickBooks: Why? How?

Memorizing Transactions in QuickBooks: Why? How? QuickBooks saves time in countless ways, one of which is its ability to memorize transactions. Are you taking advantage of this feature? One of the reasons you started using accounting software, among many others, was to save time. And QuickBooks has complied. Once you create a record for a customer, vendor, item, etc., you…

Read More

25 Accounting Terms You Should Know

QuickBooks is easy to use, intuitive and flexible. But it is not an accounting manual or class or tutorial. If your business is exceptionally uncomplicated, you might get by without knowing a lot about the principles of bookkeeping. Still, it helps to understand the basics. Here’s a look at some terms and phrases you should understand. Account. You’ll set up…

Read More

What is your Business Plan?

What is Your Business Plan?   Do you have a business plan?  If it isn’t written down somewhere, I would argue that you do not have a business plan.  You may have an idea of what your business is about and what you hope to accomplish through business ownership.  Without following specific guidelines and WRITING it down, it is very…

Read More

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…

Read More

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…

Read More

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…

Read More

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…

Read More

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…

Read More