Author Archives: Cindy Hovig

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 […]

What is the Paycheck Protection Program Flexibility Act?

meadow Paycheck Protection Program

On June 5, 2020, President Trump signed into law the Paycheck Protection Program Flexibility Act (PPPFA).  This law brings changes to the Paycheck Protection Program (PPP) that PPP loan borrowers should be aware of. PPPFA changes the amount of funds to be spent on payroll to 60% The PPFA reduces the amount of the loan […]

What can I do if I have not received PPP funding?

Question Mark What can I do if I have not received PPP funding

We have been talking with many of our clients regarding the Paycheck Protection Program (PPP) authorized by the CARES Act these past couple of weeks.  Some of our clients applied for a PPP loan and have already received funding. However, many ran into problems with the application process.  Perhaps you have asked: “What can I […]