Beware of Phone Banking Apps | Bellevue & Kirkland Business Accountant
Banking Technology: Good or Bad for Consumers? In the last year, numerous banks have developed apps for the IPhone and/or Droid to assist depositors with depositing checks to their accounts. The depositor simply opens the app and then takes a picture of the check. The check amount is then deposited to their account. I was recently reconciling a client’s business checking account and discovered that a payroll check had cleared the bank on the current reconciliation. What was odd was that it had also cleared the previous month. Same check number, amount, etc. When I began researching...
Read MoreSave Time & Energy By Using a Certified QuickBooks Pro Advisor | Seattle & Bellevue QuickBooks Training & Consulting
What’s Your Biggest Fear in Your Business Accounting? For many it might be that your entire system is lost. For others it might be that their accounting makes no sense when the time comes to prepare for tax season. Others fear they have a controller or accountant that might be costing them thousands. If any of these are your business accounting concerns and you have or are thinking about converting to QuickBooks … you might need Dan Cote! How to Save Time & Energy Using QuickBooks Do you like to waste your time and energy every month doing your QuickBooks? Likely your answer...
Read MoreHow’s Your Small Business Cash Flow Doing? | Business Accounting & Tax Strategy Bellevue
Recently I was reading an article on a CPA blog and it shared some very similar points to what I share with my clients, such as: Increase the methods of payment you’ll accept Accepting credit and debit cards gets your invoices paid instantly. If a customer orders from you regularly, get permission to automatically charge their credit card or withdraw the payment from their bank account. Offer a small discount as an incentive. Complete the assignment or delivery on time When you accept an order, send an acknowledgement stating the expected completion or delivery date before you begin...
Read MoreBusiness Accounting Strategy: How Much Should I Withhold? | Seattle Corporate Accounting & Tax Strategy
This is always one of the big questions on my clients’ minds and I have to address this in different ways. However, here are some guidelines I found in an article I originally read in Money magazine a couple years ago: 1. If you get a big refund each year, you’re having too much withheld from your paycheck. In effect, you’re giving the government an interest-free loan. 2. If you have too little withheld, you may be charged an underpayment penalty. You must pay 90% of what you owe for the tax year by the end of that year or an amount equal to 100% of your tax liability for...
Read MoreCash Flow is Back! | Bellevue & Seattle Business Cash Flow Strategist
HOT TIPS FOR Cash Flow Management Handling and Avoiding Crises How Do You Define Cash Flow? If your definition of cash flow is flawed, and you’re not tracking the right numbers, you may grow your company right into a cash crisis. The 10 Absolutely Must Follow Cash Flow Rules Everyone wants cash on hand at all times. Here are 10 rules to help you get there. The Magic Number Every business has a magic number. By employing his, our columnist didn’t overstaff this year. Riding the Economic Roller Coaster Tighten your seatbelt. Surviving the ups and downs of the world economy...
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