The two most common causes of fraud in small businesses are when rogue employees or contractors write checks to themselves or deposit checks to their account instead of the company’s account. Those are very unsophisticated schemes and can easily be detected after the fact, but by the time you detect the fraud, the damage is already done. Here are easy techniques to avoid the fraud in the first place.
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There are many options available for preparing, sending and filing 1099 forms. They range from Do-It-Yourself to complete outsourcing options. However, all options have a common starting point: your QuickBooks file needs to be up-to-date through the end of 2011 and you need to have the proper information about your vendors on file.
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If you are a Mac user, QuickBooks for Mac is a robust product and a rational solution, but you need to be aware of its limitations. It has fewer features than its Windows sibbling and makes collaboration with 3rd party providers more difficult.
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Let’s assume that you decided to hire an independent bookkeeper as opposed to a bookkeeping firm like ProLedge. How should you interview and select such a bookkeeper? What are the most important selection criteria?
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Over the years, QuickBooks has matured and the rate of innovation in the product itself has been decreasing significantly. The real innovation is now in the breadth of third party services and applications that interface with QuickBooks.
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QuickBooks files tend to be very large. If you need to send a copy of your QuickBooks file to someone such as your CPA, attaching the file to an email is typically a bad idea because the email service provider on the recipient’s side will often block such a large attachment. Even if it goes through, email has a nasty tendency of corrupting QuickBooks files. There are better approaches and they are free.
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Five different ways to access QuickBooks through your iPad… and one technique that doesn’t work, even though you think it should.
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Our bookkeeping firm opened an office in Houston about a year ago and it’s time to look back and draw lessons from our experience.
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Many businesses come to a point when their QuickBooks file has become too large. How can you tell when “large is too large” and what can you do about it?
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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.
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