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Archive for the Accounting Category

Home → Accounting

Five Best-Practice Accounts Payable Tips for a Smoother Cash Flow

On October 31, 2013   /   Accounting, Bookkeeping Tips, Business Tips, Cost-Savings Tips, Management Tips  

Watching the cash balance is one of the most frequent activities of a small business owner.  Besides making sure you have enough cash for payroll and bills, there is another huge opportunity you can benefit from: lowering the cost of processing your bills.  It can be expensive

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Do You Know Your Small Business Vitals?

On September 5, 2013   /   Accounting, Bookkeeping Tips, Business Development, Business Tips, Management Tips, Profitability Tips  

On a doctor’s visit, the first thing the nurse does is take your vitals:  your temperature, blood pressure, pulse rate, and respiration rate.  These basic measurements are the first place doctors look to see if something is wrong with our health. Knowing your vital signs, and especially

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What Does Popeye Have to Do with Accounting?

On August 8, 2013   /   Accounting, Bookkeeping Tips, Business Tips, Expense Reduction Tips, Management Tips, Profitability Tips  

You might have heard the terms “cash basis accounting” or “accrual accounting.”  Your net income number can change depending on which method your books are set up for.  Here’s a simple explanation of the difference, with a little help from one of the most famous cartoon characters

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Mobile Accounting

On July 25, 2013   /   Accounting, Bookkeeping Tips, Business Development, Business Tips, Cloud Accounting  

If you are the type of person who loves mobile apps, texting, and getting your email on your phone, then you’re in for a treat: accounting has finally come around to your smartphone.  Here are a couple of great developments you can try so you can stay

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Budgeting Breakthrough

On July 11, 2013   /   Accounting, Bookkeeping Tips, Business Tips, Cost-Savings Tips, Decision-Making Tips, Expense Reduction Tips, Profitability Tips  

When you hear the word “budget,” what do you think about?  Most people would say something similar to “Ugghh!” If you would rather do just about anything besides create a budget, you’re not alone.  The word “budget” brings up connotations of endless numbers, constraints, the opposite of

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Need an A/R Makeover? A Quick, 5-Item Best Practice Checklist

On June 27, 2013   /   Accounting, Business Tips, Cost-Savings Tips, Profitability Tips  

Technology has allowed businesses to make substantial improvements in their customer invoicing processes.  The good news is that when you implement these technologies, you will almost always get paid much faster. If it’s been a few years since the last time you’ve changed your accounts receivable processes,

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Is Hosted QuickBooks Right for You?

On May 16, 2013   /   Accounting, QuickBooks Help, QuickBooks Software  

If you are currently using the popular QuickBooks desktop software, you now have a fairly new option available to you:  hosted QuickBooks.  In this article, we’ll talk about what it is, what type of businesses it’s right for, and how to get started if you decide it’s

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What Is Cloud Accounting?

On April 4, 2013   /   Accounting, Business Development, Business Tips, Cloud Accounting, Cost-Savings Tips  

One of the most exciting changes in the accounting industry is cloud accounting.  The concept is easy to grasp:  cloud accounting simply puts your accounting system in a private space online so that it is fully accessible to you via a browser or a secure remote connection.

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Five Ways to Protect your Cash

On March 7, 2013   /   Accounting, Bookkeeping Tips, Business Development, Business Tips, Cost-Savings Tips, Management Tips, Profitability Tips  

As entrepreneurs, we work hard for our money, and the last thing we need is to have it disappear due to fraud, hackers, or identity theft.  Some people have called 2013 the year of the hacker, which is worrisome.  But you’re far more likely to experience risks

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Planning for an Awesome 2013

On December 27, 2012   /   Accounting, Business Development, Business Tips, Management Tips, Time Management Tips  

For businesses with fiscal years that coincide with the calendar year, the slate of revenues and expenses will be wiped clean on New Year’s Day.  Starting with a clean slate gives us a chance to reflect on our 2012 results before we enter 2013 and experience the

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