My nine year old is a true entrepreneur. She has that sense of things that is going to make her money and some day it will serve her well. She doesn’t know terms like costing, marketing plan or business location analysis. She does, however, know...
Cash controls are an incredibly important part of any business. Without them a thief can take and take and go unchecked for years. The cash draw is the most obvious place to steal from and therefore one of the most commonly stolen from sources of...
Petty cash is pretty simple but commonly mismanaged. Petty cash would be funds kept for small expenditures and making change. Petty cash works on a simple premises.$ Cash starting balance $10+ Cash Deposits ...
Who steals from you? Every business has been stolen from. Yes even yours. I know, I know. You trust all your staff, you know nobody would steal from you, you know this isn't a problem. I hear it every day and every day someone steals...
1. Edit and number your chart of accounts.If the framework of you accounting is a disaster your bookkeeping will be a disaster. Your chart of accounts drives your reporting. Keeping your framework organized will help you to be clear and clean in your accounting. Too...
If you are in the market for some hardware or a business system it is easy to get over sold on all the bells and whistles. It syncs with QuickBooks, it manages inventory, it makes change on its own, it will charge credit cards on...
What are your major revenue centers? Do they have their own independent income and expense. Do you need to sometimes see them together and apart? If so you may need to use classes in QuickBooks. This function allows the classification of transactions into "classes" or...
A few years ago our bookkeeping service used an outside payroll processor for our own payroll. It was one of the big three payroll services. Payroll on an enormous scale is what they should have called themselves.With that huge super payroll processer came some advantages.1. They were...
How much money to you spend a year advertising to the great unknown about your business in order to sell them goods or services, to pull in new business, to increase revenue, get them to follow you on social media? Probably a good bit. If...
When starting a new business one of the questions you need to be able to answer is what taxes will I be responsible for. If you hire people you will need to deal with payroll taxes. What are the sales tax rules where you do...