Category: Bookkeeping

To ensure success, contracting and subcontracting companies need accounting professionals responsible for managing cash flow, budgeting, bank reconciliation, payroll, financial reporting, and other accounting functions. For many small and medium companies, the workload may not require full-time staffing or competent professionals may be too expensive. An alternative to hiring in-house staff is to outsource all or a portion of the accounting department, which offers a variety of benefits you may not even have considered. Here are some of the top… Read more ›

As your not-for-profit strives to use its resources as effectively as possible, you might consider outsourcing the functions that fall under your accounting and financial umbrella. One key benefit to outsourcing for small to mid-sized nonprofits is that it minimizes the time that executives must spend consumed with accounting operations and managing related administrative tasks assigned to other employees. Some responsibilities you might consider outsourcing include: • Processing payables, receivables and cash transactions, • Reconciling accounts at each month-end, •… Read more ›

When referring to Accounts Receivable or Accounts Payable, terms relates to the time frame in which you expect to receive payment from a customer or your vendor expects to receive a payment from you. Some terms even allow for a discount for early payment. A list of commonly used terms is automatically supplied when you create a new QuickBooks company file. You can easily edit or add new terms to the list as necessary. To access the terms list, choose Customer & Vendor… Read more ›

As a business owner you have at least two goals: Find new customers, and Get paid for your products or services QuickBooks made it easier for you to see the status and dollar value of customer-related transactions with a new tool called Income Tracker. With one click (choose Income Tracker from the Customers menu), a color-coded ribbon appears at the top of the QuickBooks screen, which displays three statuses — Unbilled, Unpaid and Paid. You can also drill into the underlying data… Read more ›

QuickBooks® Online offers the business owner certain advantages such as: Those pluses are appealing but let’s dig a little deeper and see some more differences between QuickBooks Desktop and QuickBooks Online. Users QuickBooks Online offers anytime, anywhere access to QuickBooks for up to 25 simultaneous users, while the desktop version offers WebEx Remote Access (or similar technology) as a solution for accessing QuickBooks from a remote location, but does not allow simultaneous access for multiple remote users. As an alternative, there… Read more ›