Many bookkeepers (or business owners wearing the bookkeeping hat) have the goal of simply entering each line of their bank statement into the financial accounting software (the “books”). The goal is met once you have entered ‘something’ into your file […]
Accounting
Fiscal agent or fiscal sponsor? While they have confusingly similar names, they both have unique advantages that can help nonprofits and increase a sense of community. To know which one is best for you, it helps to know the difference […]
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 […]
Congratulations! You’ve decided to start a new business and finally turn your dream into reality. You’ve formed a sound business plan, secured funding and acquired a clientele. Eventually, a drearier element of business will need to be addressed as well: […]
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 sale of an asset, especially a large asset such as real estate, can trigger a substantial tax obligation. Finding ways to reduce the tax burden is time well spent, as prudent tax planning can result in significant savings. One […]
Have you ever misplaced a document or a receipt and thought to yourself “If I was just better organized, I would be able to find things easier!” Having a well-designed chart of accounts is the same as having an organized […]
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