Category Archives: Cloud Accounting

When is a purchase a fixed asset or an expense?

door fixed asset or an expense

You are thinking about making a major purchase for your business. You do not know if your purchase should be recorded as a fixed asset or an expense. And you are uncertain how to enter the purchase in your books.  Your understanding of the criteria to look at and the potential tax implications will help […]

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? […]

Why should I use bank rules in QBO?

garden bank rules in qbo

As a business owner, you did not start your business to do accounting (unless you are us of course!). If you are using QuickBooks Online (QBO) for your accounting, entering transactions manually is time-consuming. Wouldn’t it be great if QBO could create transactions for you? The good news is that it can – by using […]

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 Difference Between Accrual and Cash Basis Reports?

When you receive reports from your bookkeeper, you may have noticed that they usually include the words “Accrual Basis” or “Cash Basis” somewhere below the title of the report. What do these mysterious words mean?  What is Accrual Basis? Reports in accrual basis are pulling information from your accounting system based on when income or […]

Three Benefits of Moving Your Bookkeeping to the Cloud

clouds Moving your bookkeeping to the cloud

I know you probably think Beyond Balanced Books invented the cloud for all we talk about it. But we just can’t help ourselves! We just love the cloud and love how it makes both our and our clients lives so much easier. We would like to share with you three reasons why you should consider […]

1099-MISC: Frequently Asked Questions

forms frequently asked questions 1099

It’s that time of year again! We’re watching 2018 come to a close and at Beyond we are reminded of the many necessary tasks that accompany the end of the year. One of these is the filing of 1099-MISC and other information returns. Below are some frequently asked questions that we’ve received in the past […]

Four Signs That You Need to Hire a Bookkeeper

help signs to hire a bookkeeper

In a survey of over 300 small business owners from Clutch, a leading BRB research company, nearly 95% of owners said they were confident in the accuracy of their financial records. While a business owner may think their records are fine, they usually are not aware of a problem until their accountant questions their records […]

Eliminate Paper with Google Drive

paper airplane paper with Google Drive

Before becoming a virtual accountant, I worked in an accounting department for a development firm. One of the larger divisions of this firm was the custom construction of single-family homes. The craftsmanship of the final project was spectacular. Processing and filing the build paperwork? Not so much. One custom home could have several boxes of […]

Xero in on Xero – Featured Article on Bank Rules Tips & Tricks

Bank Rules Tips & Tricks

We love using bank rules in Xero and we hope that you do too. Our founder, Cindy Hovig, has been featured in Insightful Accountant’s latest Xero in on Xero Series. Her contribution is entitled Bank Rules Tips & Tricks. This is a great article to learn more tips on using Xero’s bank rules. If you are […]