In this video, Certified QuickBooks® ProAdvisor Jayme L. Shuda, CPA at Mahoney explains what happens on a cash basis income statement when a prepayment is recorded in QuickBooks Online. This approach helps you maintain accuracy on your balance sheet month to […]
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In Part 2 of our QuickBooks Training series, we’ll describe the Accounts Receivable process for QuickBooks Online. As always, it’s important to remember that keeping an accurate list of what customers owe you is a critical part of running your […]
When you don’t have 24-hour access to a QuickBooks Pro Advisor, it can be daunting to manage your own books. One of the best tips we can provide when maintaining your own records is to keep an accurate list of […]
The Reports menu in QuickBooks Desktop speaks to the software’s robust reporting capabilities. A brief scan presents nearly endless opportunities to track every piece of your business. However, as a ProAdvisor, I realize the same menu can also be a […]
You just signed the e-file authorization form, and your CPA has electronically filed your business tax return. Wait – you’re not done yet! After your tax return has been filed you have one more job to do: record year-end adjusting […]
The adage “Cash is King” still holds true for most businesses, and if your cash account is off, chances are your entire general ledger is inaccurate. For this reason, reconciling your bank accounts is very important. The goal of reconciling […]
Business owners know their accounting software provides historic numbers on reports called balance sheets, and profit and loss or income statements. These reports are used to: Prepare tax returns Satisfy requests from bankers File sales tax returns File 1099 information […]
Your Certified Public Accountant for Small Business The foundation of a successful small business is accurate financials. Knowing where you stand with expenses, revenue and cash flow will help you make important business decisions. Mahoney handles accounting clean-up. Then we work […]
Ruth Lott, CPA Business Solutions Team Director Direct: 651.281.1876Email: rlott@mahoneycpa.com Ruth Lott is a Director on the Business Solutions Team at Mahoney. She has over 10 years of experience in public accounting, primarily in the areas of consulting for small […]
Have you ever thought that there might be a better way to do some of the day-to-day accounting in your business? If you haven’t started using some of the many tools available to automate accounting, then there definitely IS an […]
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