Category Archives: Help

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 […]

What happened to my profit?

bucket my profit

According to your profit and loss (also known as an income statement), your business is showing a profit. However, when you look at your bank balance, it shows a lot less than the amount of profit you supposedly made. What happened to your profit?  When reviewing reports with our clients, this question comes up often. […]

Do I need to save receipts?

For most every purchase, you receive a receipt, either paper or electronic. They pile up and you do not know what to do with them. Do you really need to save all your receipts?  In short: a resounding YES. While saving every receipt may sound tedious, the advantages far outweigh any inconvenience. Here are some […]

How do I reconcile my bank accounts in QBO?

In the past, we have shared the importance of reconciling your bank accounts.  At this point, you know you should do them. However, if you are a QuickBooks Online (QBO) user, running a bank reconciliation seems time-consuming and overwhelming. How do you reconcile your bank account in QBO? While it is true that reconciling your bank […]

How do I find the bookkeeper that’s right for me?

Puzzle choosing a bookkeeper

When finding the right bookkeeper, it’s important to look for someone whose values match your own. Just like in any relationship, if you share the same values, your professional partnership with them will be healthy. Which values are important in a bookkeeper? Here are some of the core values we share with our best clients.  […]

How do I close my books in QuickBooks Online?

How do I close dates in QuickBooks Online?

You are ready to provide your books to your tax professional and have your business tax returns prepared.  You want to know what you need to do in your QuickBooks (QBO) file to finalize the year. It is important to review your data for the year for accuracy.  But there is another step that you […]