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Archive for the Bookkeeping Tips Category

Navigating Nanny Taxes and Household Payroll Compliance

On October 2, 2014   /   Bookkeeping Tips  

Time is precious for most of us these days, and often, we need help at home so we can have more time to run our businesses or careers.  That may mean hiring help for personal tasks such as caregiving for the young, elderly, or special needs family

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Is It Time for Spring Cleaning Your Business Files?

On May 15, 2014   /   Bookkeeping Tips, Management Tips  

How much time do you spend each day looking for information about orders, customers, vendors, or employees?  If it’s a lot, a little spring cleaning might pay off.  Here are five quick tips to assess and improve your information access. Your Librarian Large companies often have a

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Optimize Your Revenue Mix for More Profits in 2014

On December 12, 2013   /   Bookkeeping Tips, Business Development, Profitability Tips  

Many small business owners focus on generating more revenue every year, and that’s a great objective.  But not all revenue is created equally.  If you sell more than one product or service in your business, then you can benefit from looking at your revenue mix. Although it’s

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Five Tips to Get Ready for a Pain-Free Tax Time

On November 14, 2013   /   Accounting, Bookkeeping Tips, Business Tips, Cost-Savings Tips, Expense Reduction Tips, Management Tips  

With the holiday season just around the corner, it’s a perfect time to get your financial records in order.  Tax moves you make now can mean finding more “green” to spend on family gifts and festivities.  Here are five quick tips for you to feel more prepared

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Five Best-Practice Accounts Payable Tips for a Smoother Cash Flow

On October 31, 2013   /   Accounting, Bookkeeping Tips, Business Tips, Cost-Savings Tips, Management Tips  

Watching the cash balance is one of the most frequent activities of a small business owner.  Besides making sure you have enough cash for payroll and bills, there is another huge opportunity you can benefit from: lowering the cost of processing your bills.  It can be expensive

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Do You Know Your Small Business Vitals?

On September 5, 2013   /   Accounting, Bookkeeping Tips, Business Development, Business Tips, Management Tips, Profitability Tips  

On a doctor’s visit, the first thing the nurse does is take your vitals:  your temperature, blood pressure, pulse rate, and respiration rate.  These basic measurements are the first place doctors look to see if something is wrong with our health. Knowing your vital signs, and especially

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What Does Popeye Have to Do with Accounting?

On August 8, 2013   /   Accounting, Bookkeeping Tips, Business Tips, Expense Reduction Tips, Management Tips, Profitability Tips  

You might have heard the terms “cash basis accounting” or “accrual accounting.”  Your net income number can change depending on which method your books are set up for.  Here’s a simple explanation of the difference, with a little help from one of the most famous cartoon characters

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Mobile Accounting

On July 25, 2013   /   Accounting, Bookkeeping Tips, Business Development, Business Tips, Cloud Accounting  

If you are the type of person who loves mobile apps, texting, and getting your email on your phone, then you’re in for a treat: accounting has finally come around to your smartphone.  Here are a couple of great developments you can try so you can stay

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Budgeting Breakthrough

On July 11, 2013   /   Accounting, Bookkeeping Tips, Business Tips, Cost-Savings Tips, Decision-Making Tips, Expense Reduction Tips, Profitability Tips  

When you hear the word “budget,” what do you think about?  Most people would say something similar to “Ugghh!” If you would rather do just about anything besides create a budget, you’re not alone.  The word “budget” brings up connotations of endless numbers, constraints, the opposite of

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Five Ways to Protect your Cash

On March 7, 2013   /   Accounting, Bookkeeping Tips, Business Development, Business Tips, Cost-Savings Tips, Management Tips, Profitability Tips  

As entrepreneurs, we work hard for our money, and the last thing we need is to have it disappear due to fraud, hackers, or identity theft.  Some people have called 2013 the year of the hacker, which is worrisome.  But you’re far more likely to experience risks

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