1 Plan ahead To be ahead of the curve treat audit preparation as a year long process By keeping schedules and reconciliations up to date throughout the year you can...

1 Use ProAdvisor ProAdvisor is part of the QuickBooks Intuit Package and connects you with a local accountant who can help get you up and running on the software They...

If you run a small business chances are you have a few employees that are in charge of several different areas of the organization Split up the duties among a...

Types of occupational fraud include embezzling insider trading forging checks expense reports and vendor invoices

Invoices from fake vendors an employee can create a fictitious vendor mail a...

1 Accounting Period The period communicates the span of time that is reported in the statements

2 Allocation The term Allocation describes the procedure of assigning funds to...

1 Accounts Payable All Expenses a business has incurred but has not paid yet

2 Accounts Receivable All revenue sales that a company has provided but has not...

1 Cost of Goods Sold COGS Cost of Goods Sold are the expenses that directly relate to the creation of a product or service An example of COGS would be...

1 Make a budget To ensure the money is always there it s best to make a budget or adjust your budget if you already have one By keeping track...

1 Use the QuickBooks Audit Trail to protect against risk

The QuickBooks Audit Trail quickly bolds and italicizes any transaction that has been manipulated or changed If more...

When tax season comes around many people tend to wait until the last minute to file their tax returns but there are many reasons as to why you should file...

Bookkeeping is more focusing on entering and recording transactions where accounting is more about giving the business insight based on the bookkeeping information...

When you own a small business there are a lot of things that you must keep track of and at times it can get overwhelming Some business s will have...

1099 employees are considered independent contractors who are self employed A W2 employee is an employee who receives a regular wage along with benefits A W2 employee has taxes already...

With Intuit s QuickBooks Online taking up more and more of the bookkeeping software spotlight every day it s time to settle the debate Is the Online version of everyone...