QuickBooks Online is a fairly straightforward software to use. There are scenarios (in any software) that can be tricky to handle.
One of those is when you need to record a negative bank deposit. This can happen when your third party vendor batches together both sales and refunds - and the refunds are greater than the sales. So they take money out of your bank account, rather than make a deposit.
You could just record this amount as an expense...
Starting a small business is exciting! You have an idea. That idea buds with your first sale. Then, a second sale, and before you know it, your company is in full bloom.
Excitement can sometimes fade quickly, however, as you realize all the tasks that need to be performed and the regulatory issues that need to be followed. Some days you get overwhelmed with everything that needs to get done. You are unsure how to handle these details,...
Xero is a cloud based accounting solution for SMB's (small and medium businesses) that has robust features, yet is easy to use. It's mobile application allows you to manage your business from anywhere. There are over 500 add-on apps that can help streamline your business and improve your processes with Xero.
One of the best features that is often taken for granted or overlooked is the ability to add users. Xero lets you add an unlimited number of us...
Bookkeeping is a necessary part of owning and operating your business. Instead of dreading this vital function, I encourage you to take a fresh look at how you can simplify your bookkeeping process, then utilize your up-to-date financial information to make better decisions for growing your business.
Start with the best accounting software
Selecting the best accounting software depends on what you sell, how you run your business and who will need acc...
We're all familiar with the phrase "time is money."
But I want you to stop and think about those three words.
Many small business owners try to tackle doing all the necessary tasks in their company, thinking they are saving money by not having to hire someone else, or not paying for a software solution to manage better workflow. Many times I've heard, "I can't afford to..."
The best way to get control of your finances and experience the freedom of being debt-free is to be intentional and have a plan.
There are many benefits of being financially debt-free including more life-style options, greater appreciation of non-financial moments and relationships, and a reduction of stress.
The first step to financial freedom is to stop spending money unnecessarily on items that are not in line with your long term goals. Don’t sp...