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The decision to start your own business is an empowering one. You finally get to do things your way, on your terms. Of course, it’s the most important job of your life and each decision you make shapes your future success, or failure.One of the most important elements of making …
It’s Crunch Time!
Tax time is upon us. Here are a few friendly reminders to help relieve the stress of the season.Make sure your 2012 books are closed out. There are only a few days left to get this done. This one step delays the…
In large companies, the hierarchy within the finance department consists of the CFO, one or more controllers and several bookkeepers. In smaller companies, these functions get collapsed under fewer people. For small businesses, the function of CFO is usually…
What are the three tools that you should expect your bookkeeper to know inside out? QuickBooks, Excel and web conferencing. Yes, web conference tools are now critical if you use an outside bookkeeper to support your accounting needs…
Bookkeepers and accountants are not interchangeable. There are tasks that clearly belong to your bookkeeper and others that belong to your CPA. In many people’s mind, the demarcation line is blurry and this is because, historically, both professions have had…
Intuit, the maker of QuickBooks, recently entered the 401k market and is getting some good traction. Why is it worth noting? After all, there are hundreds of 401k providers out there and most are investment institutions with much better financial pedigrees…
The bookkeeping profession is as unregulated as it gets. There are no official certifications like they have for CPAs, financial planners and many other white collar service professions. It’s a good thing as I’ll explain below, but it leaves many small business owners wondering how…
Keeping good financial records is a common nightmare for most small business. What should you keep? How long? Is electronic OK? How to organize all these documents? Here are some high level guidelines, but bear in mind that the law around bookkeeping…
A few years ago, the QuickBooks Audit Trail feature could be turned on and off. However, in the most recent versions of QuickBooks, the feature is always on. Even the administrator can’t turn it off. It has its drawbacks, but for the most part, it is a very useful…
In late December and early January, bookkeepers’ phones tend to ring quite a bit. Why is that? A lot of is driven by tax deadlines, but a surprising number of these calls seem to be driven by New Year resolutions. Isn’t this a bit odd? Aren’t there more…
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