The digital industry expects the accounting environment to be a little more innovative. Gone are those days where the traditional way of doing business was enough to run the organization effectively. Nevertheless, the industrial requirement has changed. Now to cope with the required changes you need to be smarter enough regarding implementing business dynamics to […]
Business is built on ideas of generating profits while weeding out inefficiencies and saving money. Small businesses are built on sound fundamentals of keeping input costs as low as possible while generating the highest return on investment possible. With growth and revenue on the upside, handling the accounting becomes a hassle in terms of resource […]
The accounting bookkeeping task is the most irritating and time-consuming activity for all the small businesses and CPA’s. So the entrepreneur can think about outsourcing the activities like accounts payable, bank reconciliations, accounts receivable, preparation of the financial statements, evaluation of profit, tax filing, keeping clients digital data record and financial reporting so as to […]
Whether you keep your own books or outsource the bookkeeping to a dedicated professional, it’s important to have a good grasp on bookkeeping basics. We all know our bank account debits and credits but what about all those other accounts we use? Here’s a handy acronym to help you remember how to record transactions properly. […]
Bank reconciliations are no one’s favorite chore but they are very necessary. Whether you have a staff accountant, use a computer program or keep your books by hand, reconciliations should be done promptly every single month to catch errors. Even if you have strict controls in place, human errors can and often do occur. […]
Outsourcing is a term which has been catching on during the last five years. Although its definition is difficult to find in a standard dictionary, for those of us who consult with CPA firms, it’s a familiar term and offers an extremely effective way to cut the costs of delivering services while maintaining, if not […]
Save Time and Reduce Mistakes by Synchronizing Your Data The New Year’s here, the Christmas bills are rolling in, and income taxes loom. Maybe you can’t save money just now, but how about an easy way to save time and keystrokes? If you use Microsoft Outlook 2003, 2007 or 2010 for contact management and QuickBooks […]
You can easily analyze your payroll data in Excel: In QuickBooks choose Reports, Employees & Payroll, and then Summarize Payroll Data in Excel. Instructions will appear onscreen in Excel if you need to enable macros. Think of macros as custom programming embedded in an Excel workbook. QuickBooks ships with prebuilt Excel workbooks that contain the […]
