Category: Best Practices

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…

Horror stories of bookkeepers who defrauded their employers or clients abound, but when you look at what happened, in almost all the cases, you can see that the business owner simply got massively sloppy and begged for trouble…

The principal reason many businesses don’t have a budget is that it sounds like a daunting task to setup and to keep up with. They feel like it is an “all or nothing” type of approach…

In some states, the agencies are so aggressive in collecting their sales taxes that a higher portion of small businesses get sales tax audits than IRS audits. It is very easy to get yourself…

You’re the business owner, but unless you company is large enough, you’re the CFO too. You might be the bookkeeper as well, but first and foremost, when it comes to financials…

Doing QuickBooks backups is like brushing teeth. It’s a drag. You know you should do it, but it feels harmless to skip it some times. “Come on! I won’t get a cavity just because…

When small business owners need help with QuickBooks, the typical reflex is to ask their CPA or look for a bookkeeper. It will often work, but it is not necessarily the best option…

Wouldn’t it be nice to have a one-stop-shop for all your financial needs? Bookkeeping services, taxes, payroll, etc… Some companies can provide such a bundle of services

Many of the clients who engage our firm for bookkeeping services ask us if we could run payroll for them as well. The answer is an unmitigated “NO!”. We absolutely encourage small businesses…