Accurate financial reports act as your business’s bill of health, and software such as QuickBooks manages the finances that help your business get a loan. If your business was a car, your financial reports are your dashboard. A crucial provider of data to keep you on the road, but one malfunction can leave you stranded […]
Should I Use Double-Entry Bookkeeping or Single-Entry Bookkeeping For My Business?
Let’s imagine you are running a lemonade stand. Your business is new, your transactions are low, and all you need to account for is revenue and expenses to determine your profit. For the time being, you have no need for a double-entry bookkeeping system and can simply record transactions individually. Lo and behold, your lemonade […]
Why You Should Use the QuickBooks Mobile App
It’s amazing how much technology has evolved in the last two decades. One of the greatest advances of all is smartphones, and what they do for us and allow us to do. Thanks to this technology, you now have a world’s worth of information at your disposal. From your family photos to your bank information […]
Why Your Small Business Should Use QuickBooks for eCommerce
The internet is a massive and powerful part of everyday life. From checking the news and the weather to keeping in touch with friends, to buying groceries and other life necessities, the internet can do it all. Thanks to the internet’s reach, buying and selling items is easier than ever before. A world of services, […]
When Should You Switch to QuickBooks Online Advanced?
As a business owner, you definitely know how crucial it is to keep your books in order. If you’re using QuickBooks Online to stay organized, there are many QB Online products to choose from. So how do you know when to upgrade to QuickBooks Online Advanced? It doesn’t take long for disorganization to add up, […]
What is Landed Cost? (And How QuickBooks Makes It Easy)
If your business sells physical products— especially within eCommerce— then it’s important to understand the concept of landed cost. Any and all costs and fees that go into your product before you sell it have to be considered if you want to make a profit on your inventory. This is where each product’s landed cost […]
Can QuickBooks Replace an Accountant?
Whether you are a small business owner needing small business accounting or the CEO of a mid-sized company, you understand the importance of maintaining organized financial records, such as balance sheets, budgets, and financial reports. With digital records like QuickBooks – a top bookkeeping and accounting software – the storage, management, and analysis of business […]
QuickBooks Vs Excel for Small Business
Regardless of what software or accounting tool is used, there is a unified agreement that you need something to keep track of small business finances. Depending on the breadth of your service or line of products, you could get by using Excel. However, as we’ll cover below, there’s reason to consider switching to a more […]
How To Do Bookkeeping for Nonprofits
Bookkeeping for a nonprofit takes away from fundraising, spreading awareness, and meeting with potential partners. However, bookkeeping and accounting remains crucial to a nonprofit’s success. While you’re a champion for a great cause, you and your team may be less than heroes regarding how to do bookkeeping for nonprofits. How to Do Nonprofit Bookkeeping Find […]