Tag: quickbooks

Why Small Business Accounting is Critical

I have worked with hundreds, maybe thousands of businesses over the years, and there is always a common theme among all of them.  The ones who take their small business accounting seriously are the ones that have a higher chance of success. Now, I’m not...

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Should You Upgrade to Quickbooks 2014?

Quickbooks 2014 arrived on shelves late last year around October/November 2013.  I have some clients who upgrade immediately and get the latest release of Quickbooks right when it comes out, and I have some clients who are still using Quickbooks 2002 and refu...

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What is Cash vs. Accrual Accounting and How To Change It In Quickbooks

Did you know that there are basically 2 ways to report your information in accounting (on reports such as your Profit & Loss and Balance Sheet)? The 2 ways to report the information are called the cash basis of accounting and the accrual basis of accountin...

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How To Record Sales In Quickbooks

In Quickbooks there are 2 types of sales you need to be concerned about – an immediate sale where someone pays for your product or service at the time of service and a sale where you invoice someone for the goods or services. In the first situation (imme...

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Paying From A Purchase Order In Quickbooks

Sometimes companies will create a purchase order in Quickbooks and pay for the items they ordered BEFORE they actually receive the items or receive the invoice.  Why would someone do this? Well, it could be a custom order that requires prepayment, or it could...

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Is Your Small Business Actually A Bank In Disguise?

You might be asking “What? A bank?  I sell ________!” So, let me explain this common trap many small businesses fall into (without even knowing it!). If you read my last post HERE, you learned about how to increase your cash in your business by us...

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3 Ways To Increase Your Cash Using Quickbooks

Cash is king in small business.  If you run a small, or even medium size business, you know this.  So, how can you increase your cash simply by looking at your Quickbooks reports?  Below are 3 ways to increase cash in your business by looking at your Quickb...

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