Are you Being Paid What You’re Worth?

As business owners, we may be so busy making sure the bills get paid and the product gets out the door that we may not be quite as proactive about our own compensation. To pay themselves, many new business owners take what’s left after employees and vendors have been paid, and that ends up being their paycheck.

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Five Places Where Spending More Pays Off

It’s generally a good idea to keep overhead costs low so that your business profits will be higher. This is especially true with items that are easily commoditized and fairly standardized, such as utilities and rent. But there are times when increasing expenses pays off nicely, and here are five areas to consider so you can reap the rewards.

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Is Your Business Missing an Accounting Skillset?

In a small business, the owner ends up wearing many hats to get the product or service delivered, the customers served, and the accounts settled. Within each functional area of a small business, there are even more hats. Although the accounting function might be considered one big hat, there are actually a number of skills that make up “the accounting department” in a small business. Here’s a list to help you understand how it all works together. As you read through it ask yourself how you are covering these functions in your workplace.

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Planning for an Awesome 2013

For businesses with fiscal years that coincide with the calendar year, the slate of revenues and expenses will be wiped clean on New Year’s Day. Starting with a clean slate gives us a chance to reflect on our 2012 results before we enter 2013 and experience the hope that comes with a new year.

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Color Makes a Comeback in R4 for 2013

There has been quite a bit of discussion about the new look for 2013. I have a client that raved about it, but I know of countless QuickBooks professionals who are extremely unhappy, so Intuit has listened and is beginning to address some of those concerns. So if you have 2013 and do not like the new look, you might like some of the adjustments. I will admit that while I’m not a fan of the new looks, such as field labels that were extremely hard to see, the white icons on a black background, and no way to visually separate company files, I have really liked having most tasks now only one click away instead of two or three. I find that it does help me be more productive while working in QuickBooks. So yes, even for pros such as myself, there is always room to improve and get work done faster!

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Estimating in QuickBooks

If you do job or project costing, then it’s important to use the Estimate feature in QuickBooks. But that feature is often underutilized for a few reasons. Could be a lack of understanding on how to work with the estimate template in QuickBooks. Could be that a spreadsheet or other software is used to actually determine the estimate, so why bother entering it in QuickBooks? Isn’t that an unnecessary step? No!!

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