Category: Best Practices

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…

Accounts Receivable is usually the “happy place” in bookkeeping. That’s where the money is coming in. That beats Account Payable any day, doesn’t it? However, Accounts Receivable can be…

Every small business has bills to pay, but the process to go about it can vary greatly from one company to another. Small businesses typically follow one of 5 approaches…