Avoid These 5 Costly Accounting Mistakes

A recent survey of over 500 small business owners revealed some of what we already know: flexibility and feeling in control ranked first in the “love” category of ownership.  Bookkeeping on the other hand?  60% say it’s their most hated task.  Hated or not, these 5 costly accounting mistakes can cause even more drama. Most business owners understand that effective financial management is key to their success. But lack of…  Read more

5 Common Bookkeeping Pitfalls — and How to Avoid Them

Although most entrepreneurs recognize the importance of careful financial management, few do their bookkeeping on a frequent basis. Unfortunately, not keeping a close eye on your income and expenses can be very costly for a business. Here are five of the most common bookkeeping pitfalls, and some simple tips for getting back on track. Mixing business and personal All too often, entrepreneurs adopt a “buy now, sort later” approach to…  Read more

Quickbooks Online Challenge – Number 2!

  Okay folks, it’s time for the second installment of our Quickbooks Online Challenge.  The intent here is to familiarize yourself with the features Quickbooks has to offer in an effort to save you time when it comes to doing those everyday accounting tasks.   Today we’re learning about writing checks using the software.  I recognize that most people pay a majority of their bills electronically, however, there are occasions where writing…  Read more

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