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As a Certified QuickBooks ProAdvisor, I deal with clients everyday who are having problems with numbers not reflecting the correct state of business finances. Majority of the time the problem lies with wrong installation and setup of QuickBooks. Most small business owners try to setup QuickBooks themselves and in the process end up creating future [...]

Recently I finished a tax audit assignment where I had to compile data that was to be used during an audit. My job was to create a paper trail and substantiate the taxpayers claims with receipts, invoices and canceled checks. IRS asked that we document all deposits and show what was taxable and non-taxable. My [...]

Bookkeeping is the process of systematic recording of financial transactions that take place during day to day business activities. Bookkeeping is by far the most important financial tool for small and medium sized business for many reasons. If a business fails to maintain proper records, it could result in enormous losses, not to mention the [...]

Ever wonder why small businesses fail so frequently? Interview any former business owner who’s returned to a less-than-satisfying 8 to 5 job, and you’ll likely learn that his or her business hit the rocks when it ran out of cash. Of course, many factors can contribute to business failure. But an owner’s inability to manage [...]

Accounting Express 2009 is an essential tool for managing your home-based business finances. With the look and feel of familiar Microsoft Office products, Accounting Express 2009 is easy to use and helps you save time, get organized, and do business online. – Get started quickly and easily with setup guides and data-import wizard – Import [...]

Did you know that Small Businesses are especially vulnerable to fraud? In fact, there are companies out there that have gone out of business because of fraud. Accountants and Bookkeepers have access to all your financial information and if they want they can commit a monetary fraud without your knowing. There are few steps you [...]

Bookkeeping is a very important part of your business, doesn’t matter if you are a sole proprietorship or a corporation. Sound accounting means ongoing growth and the ability to meet financial goals. While it is typically not one of the more glamorous jobs, bookkeeping is at the heart of a company’s success and errors and [...]