Business Books
Understanding Your Profit & Loss Statement (P&L)
When I started my career in accounting, I was an intern for a public accounting firm. I found an issue during one of my audit procedures and took it to...
Your Chart of Accounts Matters
While it may not seem like a significant part of your accounting structure, your chart of accounts is the foundation. Often overlooked, your chart of accounts provides financial clarity in...
Pitfalls of Automated Accounting
With the advancement of AI and technology automation, it’s become easier to manage the accounting and bookkeeping activities in your small business. However, it’s important to understand that you need...
Top 5 Year-End Accounting Tips
With the end of year approaching, it’s important to ensure your accounting records are in order to avoid unnecessary work and stress, during an already busy time of year! ...
Unveiling the Power of Classes and Locations in QuickBooks Online
QuickBooks Online offers robust tools for managing your business's finances, and among the standout features are "Classes" and "Locations." These two functionalities are invaluable for businesses seeking to gain deeper...
Using Expensify’s Credit Card Feed
Expensify is a tool that many small business owners use to manage their expenses and receipts. One way to make it more valuable is to set it up to pull...
Top 5 Items to Review in Your Financial Statements
Having accurate financial statements is key to running a successful business. If you go to the bank for financing, your banker is going to want to see quality financials that...
Paying Your Taxes
Be Prepared Your business is profitable! Congratulations! You owe taxes! Contrary to popular belief, owing taxes is not a bad thing. It means your business made money. Yes, it’s great...
Accrual vs Cash: Which Is A Better Business Practice?
The key component to accrual versus cash is that you are matching your revenue to your expenses. Basically, recording that revenue when you have earned it and recording those expenses...
8 Productivity Secrets to Being Smarter Faster and Better In Everything You Do
Smarter Faster Better : The Secrets of Being Productive in Life and Business by Charles Duhigg is a must-read book for anyone who wants to improve their productivity and become more successful. At...