Five Ways to Go Green with Your Accounting

Posted on 05. Mar, 2014 by in Small Business Tips, VirtualConnections Newsletter

With St. Patrick’s Day and spring arriving, March is a great month to have “green” on the mind.  There are green shamrocks, green beer, the green of new vegetation, and there’s even green accounting too.  Here are five ways to make your accounting a little more green. Business Receipts      When you spend money [...]

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Is Your Business Using the Right Accounting System?

Posted on 05. Feb, 2014 by in VirtualConnections Newsletter

Have you ever tried on a shirt or jeans and found they didn’t fit at all?  They looked great on the hangar, but that was the end of it.  Accounting systems come in all sizes, shapes, and colors just like clothing; and just like clothing, some accounting systems fit your business better than others.  It’s [...]

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Five Fall Projects to Refresh Your Financial Results

Posted on 30. Oct, 2013 by in VirtualConnections Newsletter

As we move into the fall season and the final quarter of the year, it’s a perfect time to commit to a project in your business that will help you reach the year’s end in better shape.  Here are five ideas:  1.     Back-to-School Time If payroll expenses are one of the higher costs in your [...]

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Five Places Where Spending More Pays Off

Posted on 11. Sep, 2013 by in VirtualConnections Newsletter

It’s generally a good idea to keep overhead costs low so that your business profits will be higher.  This is especially true with items that are easily commoditized and fairly standardized, such as utilities and rent.  But there are times when increasing expenses pays off nicely, and here are five areas to consider so you [...]

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What Does Popeye Have to Do with Accounting?

Posted on 22. Aug, 2013 by in VirtualConnections Newsletter

You might have heard the terms “cash basis accounting” or “accrual accounting.”  Your net income number can change depending on which method your books are set up for.  Here’s a simple explanation of the difference, with a little help from one of the most famous cartoon characters in history. Popeye and Wimpy You might recognize [...]

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Need an A/R Makeover? A Quick, 5-Item Best Practice Checklist

Posted on 18. Jun, 2013 by in Bookkeeping Articles, VirtualConnections Newsletter

Technology has allowed businesses to make substantial improvements in their customer invoicing processes.  The good news is that when you implement these technologies, you will almost always get paid much faster. If it’s been a few years since the last time you’ve changed your accounts receivable processes, it’s time for a new look.  Here are [...]

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What Is Cloud Accounting?

Posted on 04. Jun, 2013 by in Bookkeeping Articles, VirtualConnections Newsletter

One of the most exciting changes in the accounting industry is cloud accounting.  The concept is easy to grasp:  cloud accounting simply puts your accounting system in a private space online so that it is fully accessible to you via a browser or a secure remote connection. Two Ways to Be in the Clouds There [...]

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Is It Time for Your Business to Switch to Paperless Accounting?

Posted on 19. Sep, 2012 by in Misc. Articles, VirtualConnections Newsletter

Every industry goes through natural phases of transformation. As new technology becomes available, new processes are developed. Accounting is not exempt. Only a few years ago very few accountants used computer software to prepare tax returns for their clients. Now it’s not a question of whether an accountant uses software to prepare tax returns, but [...]

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Product Review: QuickBooks Pro Plus (2011)

Posted on 09. Jul, 2011 by in VirtualConnections Newsletter, Website Resource, Windows Resources/Tips

Apps – it seems everyone is getting into the application market and this year Intuit is no exception. The Intuit app is called QuickBooks Pro Plus. QuickBooks Pro Plus is a subscription-based add-on for your QuickBooks Pro 2011 desktop application. The monthly cost is $29.95 and includes the following additional services: QuickBooks Connect: QuickBooks Connect [...]

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Breaking News: IRS Mileage Rate Increasing July 1, 2011

Posted on 05. Jul, 2011 by in VirtualConnections Newsletter

The Internal Revenue Service has increased the standard mileage rate due to rising fuel costs for business use of an automobile from 51 to 55.5 cents per mile. Medical/Moving rates will increase from 23.5 from 19 and Charitable Organization mileage stays at 14. To read the full press release from the Internal Revenue Service. http://www.irs.gov/newsroom/article/0,,id=240903,00.html?portlet=6

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