Bookkeeping Blogs

How to Avoid Collections & Get Delinquent Customers To Pay On Time

In every industry and every business, there will always be at least one delinquent debtor to handle. At times the missed payment can be a simple mistake or human error on the customer’s behalf. Those clients are quick to apologize and effectively pay what they...

What Is A Business Journal Entry And How Is It Used?

Being a small business owner, you typically divvy up your time in every facet of your business. Whether you have one employee or thirty, business owners are busy. To maintain and/or thrive, your finances need to be in order. Poor financial management is one of...

How to Accurately Perform Bank Reconciliation

A Bank reconciliation is something that every business owner will have to do at some point. It's a relatively simple process, but ensuring that you have each and every item in place is critical. The purpose of this process is to determine the differences between your...

QuickBooks vs. Excel – Which One Is Better for Your Business?

One of the most critical aspects of business is knowing your financial health. Any uncertainties could leave vital revenue on the table. This concern is why companies choose accounting software like QuickBooks to improve their understanding of their business finances. But what about Excel? Let’s review the critical differences between...

How to Calculate Depreciation- 3 Easy ways

Owning a business requires basic mathematics. Some equations can be simplistic and easy while others are a little trickier to resolve. Every business utilizes assets to function, which means you should have on equation memorized. That one mathematical equation that should be burned in your...

How To Use Bookkeeping Trends To Grow Your Business

Using data trends is nothing new. In fact, data science is one of the fastest growing fields of study and employment in the world. This is because we have access to 2 things that we didn't have before: massive amounts of data and rapid computer...

Reasons Why Your Business Needs a Petty Cash Fund

With the world shifting in technology and becoming paperless, you may think there’s no point in having a petty cash fund. Even though we are becoming more digital, there’s always a need for petty cash. You never want to find yourself or your staff member...

What Can a QuickBooks ProAdvisor Do for You?

When you're a business owner, your finances are critical for survival. Being an entrepreneur or a new small business owner typically means being the bookkeeper for some time. If you know you won't be able to manage or have run out of time and energy to track...

How To Know When It’s Time to Hire A Bookkeeper

Every business is different. We know that whatever business you have started on your own, it is likely that you are passionate about your products and/or services. You probably enjoy running it and concentrating on tasks that will make your business flourish. However, we also...

3 Ways To Protect Yourself From An Upexpected IRS Audit

Tax season is one of the most daunting and stressful seasons for just about every American. It can be overwhelming to gather all the necessary paperwork on time and hand it off to someone else to file away. All the while there is still the...

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