Category Archives: Help

Why do I need to start a new file?

new file accounting is like starting a garden

Having accurate accounting data is absolutely crucial to the long-term success of your business. Especially in the construction business, accurate accounting is the key to growing your profitability, preventing fraud, monitoring costs, and keeping your clients happy throughout the course of a project. Bad or inaccurate data, on the other hand, could lead to disaster.  […]

How do I track my business vehicle expenses?

orange car Business vehicle expenses

You know that tracking your business vehicle expenses is important. But you have questions. Can I use my personal vehicle for business? What types of vehicle expenses should I track? Should I track mileage or actual expenses? We hear these types of questions often. In this article, we provide some answers and discuss some tips […]

How to Set Specific Goals and Achieve Them

girl on path specific goal

As a business owner, you may feel that your business runs you rather than you run your business. You want to change your approach so that things are different in the future. Setting a specific goal and making a plan to achieve that goal can make it so things will be different in the future. […]

App Spotlight: Dext

Gears Dext

You have lots of receipts and you want a digital solution that allows you to track all of your expenses in one place. You also want the solution to communicate with your accounting software. In this App Spotlight, we discuss why Dext is the expense management solution for you! What is Dext? Dext (formerly known […]

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 […]

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 […]

My QBO bank feed is wrong. How do I fix it?

If you are a QuickBooks Online (QBO) user, then you are most likely familiar with bank feeds. Bank feeds are a great feature, but they can be troublesome at times. If your bank feed is wrong, how can you fix it? We list some common questions that can help you determine the source of the […]

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 […]