Small business management involves numerous intricate tasks, including monitoring your company’s finances. Despite its importance, bookkeeping can be overwhelming, particularly when handled manually. Thankfully, the rise of technology has introduced bookkeeping...
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Comparing Accounting Methods For Small Businesses
If you’re like most small business owners, you probably haven’t put much thought into accounting methods. You may or may not even be aware that you have options when deciding how to do your accounting and that your choices will impact how you produce your financial...
Should You Do Your Business Taxes By Yourself?
When you're in the first few years of running a business, every penny counts. Many business owners put in long hours of work just to avoid the extra expense of hiring employees during the early years. So when it comes time to file taxes, many business owners struggle...
Should I Do My Own Bookkeeping?
Should I do my own business bookkeeping? The question is common among small and mid-sized businessowners intent on maximizing profitability and optimizing resource allocation. However, at some point during business growth and development, the decision and opportunity...
Do I Need to Report Cash Basis or Accrual?
As a business owner, navigating complex financial topics can be challenging. However, getting to the root of financial decisions that significantly impact an organization is critical. One such decision lies in business accounting. Every organization must decide which...
Remote Coaching for Accounting and Bookkeeping Tasks: Top 5 Benefits
Business owners consistently fight for increased efficiency and profitability when delegating business tasks. At times, personally taking on a task is the most effective option. Other times, outsourcing is the answer. Choosing between both paths is always a cause for...
Qvinci App: Dashboards For Quickbooks
The dashboard in your car shows how fast you are going and what kind of maintenance is required. Our Qvinci app and dashboards for QuickBooks does just that for your business! Detailed financial reports are intimidating and hard to digest. However, we can...
QuickBooks: Desktop or Online Which is the Best Fit for Your Business?
QuickBooks (QB) has been a well-known name in the accounting software space for decades. More recently, the company has been heavily promoting QuickBooks Online (QBO) as more cost-effective, efficient, and flexible compared to other versions such as QuickBooks...
QuickBooks 101
QuickBooks is an accounting software package developed and marketed by Intuit. QuickBooks is the premier accounting software used by small and medium-sized businesses to manage income and expenses and keep track of the financial health of their business. Among other...
How Prevent Embezzlement and Theft as a Business Owner?
Many people start businesses with stars in their eyes. They only imagine the ideal scenario in which customers love their product or services, employees are loyal and trustworthy, payroll and benefits flow smoothly, and their bank account grows continuously year after...
How to Create an Efficient Profit and Loss Statement
Hopefully, your business made a profit last year. After all, that’s the primary purpose of most companies - to turn profits and generate earnings for owners and shareholders. But how do you know how much of a profit your business made in the past 12 months? Or in the...
Understanding Payroll Taxes for Out-of-State Employees
With the ever-evolving workplace and the increase in the capabilities of technology, it is becoming more common for employees to work full-time remotely and reside outside of the state in which their employer is located. Therefore, it is important for employers to...