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93How to use Quickbooks in a cash basis business
While there are advantages and disadvantages to both, cash basis is often easier for a small businessperson to understand: you record income for taxing authorities when you actually receive or pay out money. With accrual basis, you'd usually record income when you create an invoice, even though your customer has not paid that bill yet, and you would record an expense when you receive bills from suppliers and others, even though you had not actually paid those yet.
6 comments
86Payroll Laws
Payroll laws are pretty confusing as they are consistently being updated. It is necessary to follow the payroll laws as defined by the federal and state law taxes. Many of the payroll laws are complex and require help from professionals who...
5 comments
88Before You Start Quickbooks, Learn the Importance of the General Ledger
This is must reading for anyone who is going to start using Quickbooks or who has used it and really doesn't understand what it does.
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82Don't Buy QuickBooks -- QuickBooks vs. Quicken
Quickbooks is a great product if it fits your business, but, most business could use a simpler product - Quicken- which is faster to learn and costs less. This article could save you time, money, and frustration.
3 comments
84HOW TO CLEAN UP A BOOKKEEPING DISASTER IN SMALL BUSINESS
This is a question I hear all the time. Many people in small businesses have little time to track income and expenses. Some are lucky enough to have a partner who is savvy at this and has time to dedicate. Most aren't. It is important to keep proper...
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81Bookkeeping
The finances of your business are typically recorded in books or in computer programs by an individual known as a bookkeeper. Bookkeeping is simply keeping record of all the money that is spend, earned, and saved. If you have your own personal bank...
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8210 Common Mistakes Small Business Owners Make With Their Accounting and QuickBooks
Here are some mistakes that I see small business make with their accounting and QuickBooks. Could this be you? 1. QuickBooks® is not set up properly for their business Many small business owners don’t have QuickBooks® set up properly for...
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79Guide to starting your own small business
Starting your own small business requires patience and thorough planning. Use this basic guide for business planning.
23 comments81MY THREE FAVORITE JOBS
I am a little embarrassed to say that before I became self-employed, I was what some would call a "job-hopper." Truth be told, I have had more than 40 jobs in my life. My first job was at Burger King, but I...
12 comments
80QuickBooks Accounting Software
Perhaps one of the most popular names in accounting software is QuickBooks. If you don’t have this software, chances are you have heard of it. What follows is an unbiased review of QuickBooks accounting software. Is There a Free Version? Well, I...
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