Tips

The Importance of Constant Bookkeeping

I recently had two clients fold their businesses. One of them had been a client of mine since the very inception of my business back in 2009. The common problem, shared by both of these clients, is that although I maintained their books on a monthly or quarterly basis (based on the client preferences), the

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Payroll Retirement Plans for Your Employees: Is It Worth It?

Every once in a while, one of my clients will ask me advice regarding offering retirement benefits to their current employees. The client is really wanting to know if they should go through with this type of compensatory perk in order to attract a more quality and talented pool of potential employees in the future.

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Sales Tax in Quickbooks

Tracking sales tax in QuickBooks can be made very easy or more difficult, depending on your needs. Very Easy Method – The relatively simple sales tax tracking in QuickBooks is best for those who do not invoice their clients directly from the QuickBooks software. For example, let’s say you are a retailer with an in-house

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Tracking Paper Investments in Quickbooks

Paper investments, such as stocks, bonds, mutual funds, money market accounts, etc., are probably best tracked in a personal financial software such as Quicken because the auto-feeds capability of Quicken can handle and book these sophisticated entries to recognize events such as reinvested dividends, capital gains and interest income. However, not all of us are

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Catch Up

One of my clients owns and operates a retail boutique in a busy section of town. They utilize a cash register point of sale system with a separate QuickBooks Desktop software to serve as their back-office bookkeeping system. For the first year or so of their operations, there were some major problems festering that resulted

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Document Scanning

One of my clients requires a monthly scan of their documents (approximately six inches thick) with storage on their in-house server. I recommended a Fujitsu desk scanner that would be easy to install and use – basically plug and play without a bunch of settings to know in order to operate the basic functions. This

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Hosting

I use Right Networks (an online software hosting company) to store my client desktop files. My clients may also choose to pay a subscription to an online “Software as a Service (SaaS)” bookkeeping manager such as QuickBooks Online or Xero. While SaaS bookkeeping tools are growing more robust each year, they are not as complete

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Inventory Management

One of my clients is a pet food manufacturer/guarantor and has their products delivered to distributors across the country. They needed some inventory management consulting, and found me through my profile on the Intuit QuickBooks Find-A-ProAdvisor website. This client uses the QuickBooks Enterprise Desktop software for all their bookkeeping, and they were interested in activating

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Maintenance

One of my clients is an Amazon retailer. He requires continuous maintenance of all his sales; including all the associated Amazon fees, sales refunds, shipping costs, and inventory adjustments. I must regularly access his Amazon account to gather all this information as well as the information from the associated Amazon lending accounts. We have used

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Payroll

One of my clients is an applications designer & developer. In 2010, after a year of having his bookkeeping and payroll systems maintained by a CPA firm, he realized that this firm was not able to maintain the level of detailed and accurate bookkeeping that he desired. That is when he found and hired me.

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