Getting Started With Quickbooks Online

Getting started with Quickbooks Online.  We get a lot of visors to our site for this search phrase.  This is likely due to customers signing up with Quickbooks, following the tutorial to connect their bank account, and then wondering what

The Cash vs. Accrual Method of Accounting

A business has the ability to record transactions on a cash or accrual method of accounting. This is one of the first accounting decisions a business has to make. It is also one that a business has to evaluate on

Plan for Quarterly & Annual Bookkeeping Tasks

Reasonably up-to-date books can be used to make financial decisions.  Business can make changes and to seize opportunities. They can also show lenders and investors that the business is serious about doing things right.  But even with computers and systems

Quickbooks Online: Working With the Bank Feed

Quickbooks Online can automate some bookkeeping tasks.  The process of importing transactions via the bank feed is one example.  Simply connecting the bank and having Quickbooks Online download the feed does not produce accurate financials.  It isn’t intended to do

Accounting Entries for the Purchase of a Vehicle

Keeping accurate books can be a challenge for small businesses. Small businesses are usually able to track their income in an accounting system. Some manage to track expenses. But few actually take the time to track their assets. This results

6 Common Bookkeeping Mistakes

We get it.  Bookkeeping is a chore.  It is a chore that takes time and energy that could be focused on growing and building the business.  As bookkeepers, we have seen it all. Here are six common bookkeeping mistakes we

Top 3 Reasons to Switch to an Online Accounting System

Online accounting systems have now advanced to a point where they can give traditional stand-alone accounting software a run for their money. In fact, we have now moved most of our clients to online accounting systems. We did this as

The Cash Flow Statement for Accrual Method Businesses

The cash flow statement is a report that shows the cash generated and used during a specified time period.  The cash flow statement is particularly important for businesses who keep their books using the accrual method. Cash Flow Statements for

Financial Statements: What You Need to Know

A business’s ability to generate earnings consistently over time is a major driver for investors and a key for the business’s financial management to understand the past, current and on-going financial position. Financial statements can greatly aid in determining profitability,

Top 3 Benefits of Professional Bookkeeping

There are a lot of reasons to hire a professional bookkeeper.  These reasons vary from industry to industry and from one business to another.  Despite their differences, the primary benefits of hiring a professional bookkeeper are the same.  Here are