Tag Archives: bookkeeping

How do I accept bank transactions in QBO?

accept bank transactions

You may be new to using automatic bank feeds in QuickBooks Online (QBO). Is accepting transactions in QBO any better than how you manage your books now?   Absolutely! In this article, we discuss how to navigate bank feeds through the Banking dashboard and how to accept transactions into your books. We will also share why […]

What are journal entries?

What are journal entries

Understanding journal entries can be confusing. Your accountant or bookkeeper has probably let you know that these are essential for your accounting. Why do you need journal entries? What are the components of a journal entry? When would you use a journal entry? We will discuss these questions and provide examples of when journal entries […]

How can I communicate better with my bookkeeper?

communicating bookkeeper telephone can

Do you ever feel like your bookkeeper is speaking another language? Or maybe it feels like they have an endless amount of questions. What do they even do while working on your books? If this situation sounds familiar, this article will assist you to find better ways to communicate with your bookkeeper and understand just […]

Which accounting terms do I need to know?

accounting terms

If you own a business, understanding accounting terms is not likely at the top of your list. It’s understandable; you may be juggling several responsibilities at once or simply do not have the time. Besides, if you pay an accountant or bookkeeper to manage your books, why do you need to know this stuff?  A […]

What are the challenges when you outsource your accounting?

It’s not possible to give every element of your construction business the time and attention it deserves. You’ve been trying to handle your finances on your own but it’s become overwhelming and you’re not even sure you’re doing everything right.  Wouldn’t you rather devote all your energy to things you excel at and actually enjoy?  […]

What is the general ledger and why should I care?

what is the general ledger

The general ledger tells the story of your business. It’s a collection of all your accounting transactions that can then be used to create reports, answer questions, and make key decisions.  And it’s one of our favorite things here at Beyond. But it’s possible you’re thinking, “what is the general ledger and why should I […]

What are adjusting entries and why do they matter?

what are adjusting entries

Adjusting journal entries, or AJEs, is an  accounting term you might have heard thrown around before and never quite understood. You may have even received AJEs from your tax accountant in the past, had no idea what to do with them, and ended up shoving them in a desk drawer or filing them away somewhere.  […]

Do I really need bank feeds in QuickBooks Online?

bank feeds in quickbooks online

We’ve talked before about the differences between QuickBooks Desktop and QuickBooks Online (QBO). One of the biggest differences between the two systems is related to bank feeds in Quickbooks Online. Bank feeds automatically download activity in QBO and they can even categorize transactions from connected accounts. This means you no longer have to manually enter […]

Ongoing bookkeeping vs clean-up/catch-up once per year

ongoing bookkeeping

You had a nagging suspicion for a while that something was wrong with your books. You were losing sleep and wasting hours trying to fix a problem that you didn’t even understand. Finally, you turned to a bookkeeper for help. They identified where you had gone wrong, cleaned up the mess, and presented you with […]

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.  […]