Renew Your ITIN Now

Posted on 16. Oct, 2017 by in Bookkeeping Articles, QuickBooks, Small Business Tips, Tax Updates

If you have an Individual Taxpayer Identification Number (ITIN) rather than a Social Security number (SSN), you may need to take action now or you’ll be unable to file a tax return for 2017. Here is what you need to know. What to know about ITINs ITINs are identification numbers issued by the U.S. government […]

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Ten Tips for Managing Your Bookkeeping Records

Posted on 09. Oct, 2017 by in Bookkeeping Articles, QuickBooks, Small Business Tips

One area that all businesses have in common is bookkeeping. No matter what products you sell or service you offer it’s important to know your financial status at all times.  Here are ten tips to help you better organize your bookkeeping records. Never commingle personal and business expenses. Enter vendor invoices into your Accounting File […]

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Zombie Billing: Automatic Payments Have a Life of Their Own

Posted on 10. Jul, 2017 by in Bookkeeping Articles, QuickBooks, Small Business Tips

The turn it on and forget it nature of automatic payments can create “zombie billing” cycles that go on without being reviewed or challenged, even after the product or service you pay for is no longer of value. Here are some ideas to keep this from happening to you: Create a list. Make a list […]

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Spring into Household Budgeting

Posted on 17. Apr, 2017 by in Bookkeeping Articles, QuickBooks, Small Business Tips

Spring is in the air! As you’re wrapping up your tax filing for 2016, now is a natural time to either create a new budget or refresh your existing budget. Here’s how: Organize your data. Gather all your bank, credit card and income statements for the last several months to a year. Calculate how much […]

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Signs You Might Be Outgrowing Your Accounting System

Posted on 13. Feb, 2017 by in QuickBooks, Services, Small Business Tips

If you’re struggling with your accounting system, it might be a sign that you’re ready for something new.  Perhaps your company has grown so much that it’s outgrown its older accounting solution.  Here are several indications to look for that justify moving to an accounting system with more features and scalability. User Permissions Some companies […]

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How Understanding Assets vs. Expenses Can Make You Rich

Posted on 09. Jan, 2017 by in Bookkeeping Articles, QuickBooks, Small Business Tips

Assets and expenses both have a “debit” balance on the financial statements, but that’s where their similarities end.  Spending on one can make you rich and spending too much on the other can leave you broke.  An expense is money you may need to spend, but after a year, there is nothing lasting to show […]

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How to Read Your Balance Sheet

Posted on 04. Jan, 2017 by in Bookkeeping Articles, QuickBooks, Small Business Tips

The Balance Sheet is an important report in your business’s financial statements.  Most small business owners are unsure of what all of the numbers mean on this report, so let’s see if we can shed some light on what they mean. A Summary of Balances One big characteristic of a balance sheet is that it […]

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When is Bookkeeping Help Needed?

Posted on 27. Dec, 2016 by in Bookkeeping Articles, QuickBooks, Services, Small Business Tips

Do you find yourself wishing you had some bookkeeping help for your business?  The job requirements of bookkeepers are enormous, and it takes a lot of knowledge, training, and experience to do the job correctly. You should not assign these responsibilities to just any employee because you cannot afford any errors.  Mistakes could mean huge […]

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Stop Doing Shoebox Bookkeeping and Start Taking Charge of Your Financial Records

Posted on 20. Dec, 2016 by in Bookkeeping Articles, QuickBooks, Small Business Tips

Some small business owners have the mistaken belief that as long as they have all their paperwork together in one box that they’re doing a good job with their finances.  Nothing could be further from the truth.  In bookkeeping circles this is known as “shoebox bookkeeping” and many times it’s a bookkeepers worst nightmare at […]

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10 Steps to Better Manage Your Bookkeeping Records

Posted on 10. Nov, 2016 by in Bookkeeping Articles, QuickBooks, Small Business Tips

Do you cringe when you open up your QuickBooks file? You have receipts in the car, crumbled receipts in your purse or briefcase, and vendor invoices buried in the papers on your desk or email inbox. Here are ten easy steps you can put in place today to better organize your bookkeeping records so the […]

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