Author Archives: Cindy Hovig

I own multiple companies – What should I know?

waterfalls multiple companies

If you own more than one company, you want to keep your accounting records clean. You likely have transactions that affect two or more companies, but you are unsure of how to enter them correctly. Many of our clients run two or more companies. If you are in this situation, what should you know about handling […]

What are Unapplied Cash Payments in QBO?

Old ledger Unapplied cash payments in QBO

You are using QuickBooks Online (QBO) and you have prepared a report in cash basis. You have noticed two strange lines on your Profit & Loss report. These are the Unapplied Cash Payment Income and Unapplied Cash Bill Payment Expense accounts. You may have wondered why Unapplied Cash Payments in QBO appear on your cash […]

How do I customize my invoices in QBO?

Ivy customize invoices in QBO

You are ready to create your first invoice for a customer in QuickBooks Online (QBO). But the default invoice doesn’t quite look right. How can you customize invoices in QBO? Are there any tips on what to include so that your invoices will look beyond amazing? We are here to share the basics on customizing your invoice […]

How do I know if my bookkeeping is right?

You started a business. Things are going well and you are actually making some money. You have been doing all of the bookkeeping yourself but you really do not know if things have been done properly. How do you know if your bookkeeping is right? What can you look at to see if your books are done correctly? […]

Does closing my books mean that I cannot make any changes?

gate 1 closing my books

You have finalized your bookkeeping and have closed or locked your books for last year. But what needs to be done if you discover that something needs to be changed in your closed books?  Does closing the books mean that you cannot change any of the information from the past? Closing your books protects you […]

Are your accounting reports accurate?

mismatch 1 accounting reports accurate

You know you need accurate information to make good business decisions. You have been using an accounting system and are able to generate reports. Your reports should provide you with the information you need but you are unsure if your numbers are accurate. Two of the most common accounting reports are the balance sheet and the profit […]

Which accounting software should I use?

You know you need accurate and up to date information to successfully run your business.  You want to use accounting software that will work for you.  Which accounting software should you use?  No matter which accounting software solution you choose, you need to determine your bookkeeping needs and make sure that the solution will satisfy […]