Why You Should Be Accruing Expenses

There are two methods of recognizing expenses and income in accounting: accrual and cash basis. The kind of method your company chooses will determine how it records and tracks finances. While the cash method is a simpler way of recording finances in the books, the accrual method allows businesses to recognize expenses and revenue as […]

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Getting to Know QuickBooks Online Reports

They’re one of the rewards you get for your conscientious accounting work: reports. Are you using them to make better business decisions? What do you see when you log on to QuickBooks Online? Your most important business numbers represented by real-time charts. Profit and loss. Income and expenses. Sales. And all of your account balances. […]

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Need to Set Up Users in QuickBooks Online?

Need to Set Up Users in QuickBooks Online? Your employees probably don’t need access to every corner of QuickBooks Online. Here’s how to set limits. One of the best attributes of QuickBooks Online is that multiple users can access it without having software installed on their PCs. No more paying up front for a boxed […]

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7 Ways Your Business Can Benefit From Outsourcing

Outsourcing is the practice of using external firms to manage work typically conducted within a company. Many entrepreneurs are familiar with this concept, which when done for the appropriate reasons, will help your business save money and grow. While numerous businesses associate this practice with savings, here’s a list of other ways in which your […]

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Are You Memorizing Transactions? Should You Be?

Are You Memorizing Transactions? Should You Be? You know that QuickBooks saves a lot of time. But have you explored how it does so by memorizing transactions? Your accounting work involves a lot of repetition. You send invoices. Pay bills. Create purchase orders. Generate payroll checks and submit payroll taxes. Some of the time, you […]

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Setting Up Users in QuickBooks

Setting Up Users in QuickBooks If you plan to have multiple employees using QuickBooks, you can limit their access to specific areas. Controlling access to your QuickBooks company file is easy when you’re a one-person accounting department. You simply use one password to protect your data. But when you add new employees to the mix, […]

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Your First Hour with QuickBooks Online

Your First Hour with QuickBooks Online Whether you’re just launching a business or you’re going online with an existing company, take some time to get acquainted with QuickBooks Online. Your first hour with any web-based application is probably spent exploring and clicking buttons, links, and other navigation tools to get the lay of the land. […]

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The Fundamental Difference Between Bookkeeping And Accounting

Accounting and bookkeeping are essential functions required for businesses and while numerous people use these terms interchangeably, there are significant differences between them. The biggest difference between them is that accounting revolves around analysis, the examination of financial information and presenting it in a manner that’s beneficial to business. On the other hand, bookkeeping is […]

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Establishing Preferences in QuickBooks

Establishing Preferences in QuickBooks Before you start entering data, make sure QuickBooks is set up appropriately for your company. QuickBooks was designed to serve the needs of millions of small businesses. To do that, it had to include the tools and processes suitable for a wide variety of companies. But Intuit recognized that every organization […]

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Small Business Marketing-5 Tips for a Successful Campaign

A marketing campaign is a focused and strategic initiative that seeks to attain a specified marketing goal. Executing the campaign needs a systematic process that centers on implementation and the resources required to attain measurable results successfully. A marketing campaign begins with learning about your marketplace, target customer, and competitors. Using that information, you’ll then […]

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