Smart QuickBooks Tips: Using Quickbooks Shortcuts To Save Time & Increase Efficiency
QuickBooks Tips by Your Bellevue QuickBooks Pro Advisor How many times do you wish you could do something faster in QuickBooks? For most of us it’s usually every time we use QuickBooks software! Having personal accounting or business accounting software is supposed to make life ‘easier’, not more complex, but this is exactly the case in many circumstances. This is why most businesses hire a QuickBooks Pro Advisor or accounting professional in the first place. What’s great about QuickBooks? QuickBooks makes accounting super organized. Each section – Customers, Vendors, Employees,...
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 MoreTop Things to Know on Managing Your Personal Debt
Credit cards aren’t the enemy is used wisely. Since the average American has about $10,000 or more in credit cards debt in their portfolio, it doesn’t necessarily mean that that’s a bad thing. Work on keeping current, maintaining a lower interest card, and paying off more than the minimum payment on a regular basis. Some debt is good and some debt is bad. Borrowing for some of life’s major purchases such as a car, home or wedding perhaps, isn’t necessarily a bad thing. Just make sure you shop around for a better deal always and don’t borrow more than you...
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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