QuickBooks Tip: Unless and until your business is swimming in cash, there will come a time that you have to make a big purchase and *gasp* get a loan. The horror. So now that you’ve done what you had to do by getting a loan for that big purchase, you have to keep track of [...]
Posts in category Bookeeping
Keeping Track Of What You Owe with Loan Manager
How To Handle Bounced Checks
QuickBooks Tip: Admit it. Bouncing a check is annoying and embarrassing. The bank charges a fee for every bounce, you rack up the fees and you have to tell people when to re-deposit the check or write them a new one. When you get a rubber check from a customer, it’s just as annoying… if [...]
Ask For Help
It’s such an easy thing to do and yet our pride steps in and makes asking a simple question seem like lifting a 2 ton brick. Can you help me? I love when people ask me for help. It is so flattering. It means they think I actually know something. That’s how MOST people feel [...]
Analytical Review
At this point we have completed the initial review of the Balance Sheet and Profit and Loss statements in QuickBooks. So now it is a matter of double checking things from a different perspective and as we are more and more convinced that the books are complete, accurate, and fairly reflect the financial position of [...]
Review your QuickBooks File
- Balance Sheet and P&L Now that you have allowed yourself the time, you can take your time reviewing your Balance Sheet, Profit and Loss, and even your Statement Of Cash Flows In QuickBooks. This is a crucial step in tax planning with QuickBooks so that by the time you turn your books over to [...]