Category Archives: Business Finance

Are Your Workers Contractor or Employees

If you have workers in your business, you likely made a decision when you hired them as to whether they should be an employee or a contractor. If all you hire is employees, then you have nothing to worry about. But if you hire contractors, there may be some financial risk you may be taking that you may not know about. Continue reading

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Two Useful Cash Flow Products

Payroll, Open Invoices, Expenses – three big areas that can be pain points when it comes to cash flow. Here are three products you may find helpful in these areas, two of which integrate with QuickBooks. Continue reading

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5 More Ways to Get Paid Faster (Pt 2)

These reports and features in QuickBooks can you get paid faster. Continue reading

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5 Ways to Get Paid Faster (Part 1)

Who doesn’t want to have money coming in sooner? While there are some general practices that come with an industry, maybe it’s time to make a few changes so you can get paid faster. Here are a few ideas. Continue reading

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Working with Customer Deposits (or Prepayments)

Do you take payment up front from customers when starting a job? Whether you’re in the construction industry, landscaping, trades or some other type of business, deposits up front help cash flow and enable you to pay employees and purchase materials for the job. While there are different ways to handle this scenario, not all of them are correct from an accounting perspective. The results can be misleading information or confusion for the bookkeeper or customer. Here’s the method I recommend for handling prepayments in QuickBooks. Continue reading

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Profit Planning with QuickBooks Budgeting Tools

You’re ready to use create your budget in QuickBooks – great! Start by clicking on Company > Planning & Budgeting> Set Up Budgets. Continue reading

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Profit Planning for 2019

It’s time to plan for your new year and profitability. Many of you may have already worked on a business budget for 2019. If you haven’t, I encourage you to do so – no matter what size your business is. If it helps, think of your sales, gross profit and net profit as goals you want to achieve. And I think you’ll agree that it’s much easier to hit a target you can see ;-). Once your budget is in QuickBooks, it’s easy to monitor how you’re doing during the year, so you don’t have to do updating in spreadsheet or just wonder. Continue reading

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QuickBooks Setup for Success

It’s the start of a new year and for many, this is the time to make changes to your QuickBooks before your season gets busy. Here are 4 major areas I consider when working with contractor clients: Continue reading

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Get A Jumpstart on 1099’s for Contractors

Now is a good time to get a jumpstart on 1099’s for contractors. Here are some tips to help make that year-end process go smoother Continue reading

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It’s Bonus Time!

Year-end is a great time to think about rewarding your staff for a job well done in 2018. Here are a few quick tips to help you make the most of bonuses while protecting your business and cash flow. Continue reading

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