The primary purpose of keeping books is to provide financial and management information in order for you to run your business, make sound business decisions, and to prepare your taxes. Most business owners are very worried about generating income; however, running a business involves a lot of other tasks. Continue reading
You feel the lure of those seductive little marketing messages that they whisper to you, but be careful about falling for that "do-it-yourself" myth, because these seductive little messages don't include some very important information that you need to know in order to make a sound business decision. Continue reading
It is a common occurrence over time, especially if you have had numerous bookkeepers; to discover that you have duplicate items in your QuickBooks Item List or accounts in your Chart of Accounts. Continue reading
Many companies fail to set up their charts of accounts correctly in QuickBooks. Over the years I have seen charts of accountants that look like a collage of accounts in helter skelter format without any logical order, containing duplicate… Continue reading
Retention or retainage is usually a specific percentage, for example 10%, of the total contract that is held back by the project owner in reserve to protect the owners interest. QuickBooks users must initiate work-arounds and make QuickBooks track retainage that is held on each progress invoice. Continue reading
The construction industry has some very specific bookkeeping and accounting requirements. In addition to Payroll, Accounts Receivable, and Accounts Payable functions, they need to be able to have systems to handle Estimating, Job Costing, Overhead, Billing and/or Invoicing, Project Management, Scheduling, and Customer Management - just to name a few. Continue reading
On February 17th, 2009, President Obama signed a $787 billion economic stimulus plan known as the American Recovery and Reinvestment Act of 2009. This plan is designed to spur economic growth in the U.S. - with short term and long term impacts.
This economic stimulus plan means that changes are coming for your small business - changes that can impact your payroll and your taxes. If you are a customer of an Intuit payroll service, they can help. Continue reading
