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Category Archives: Cash Flow
Tools for Your Cash Flow Arsenal
All businesses have ebbs and flows in their business and depending on your business, sometimes there’s a big difference between the highs and lows. Today I want to discuss two products that might be useful in navigating through the fluctuations. Continue reading
Posted in Business Finance, Cash Flow, QuickBooks
Tagged cash flow, collections, forecast, Invoice, Overdue, Past Due, QuickBooks
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Cash Flow Tools in QuickBooks
Most businesses have peaks and valleys, so business owners find monitoring cash flow is always important. Here are 5 tools in QuickBooks that can help you monitor your cash flow. Continue reading
Posted in Business Finance, Cash Flow, QuickBooks
Tagged Bill Tracker, cash flow, cash flow forecast, Income tracker, projecting cash flow, QuickBooks, ratios, Snapshot
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Protecting Your Business from Fraud
How safe is your business from fraud? While many worry about someone hacking into their systems, you’re more likely to experience embezzlement by a trusted employee. About 28% of small businesses have this unfortunate experience. So here are some checks and balances you can put into place both in procedures and in QuickBooks to limit opportunity for theft or discourage most employees from even trying. Continue reading
Posted in Business Finance, Cash Flow, QuickBooks
Tagged Bookkeeping, checks, embezzlement, Fraud, QuickBooks
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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
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
Posted in Business Finance, Cash Flow, Features, Job Costing, QuickBooks
Tagged Accounts Receivable, credit memo, customer deposit, prepayment, QuickBooks, retainer
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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
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
Posted in Business Finance, Cash Flow
Tagged budget, Budget vs. Actual, Profit, QuickBooks
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Protecting Your Business From Fraud
How safe is your business from fraud? While many worry about someone hacking into their systems, you’re more likely to experience embezzlement by a trusted employee. About 28% of small businesses have this unfortunate experience. So here are some checks and balances you can put into place both in procedures and in QuickBooks to limit opportunity for theft or discourage most employees from even trying. Continue reading
Posted in Business Finance, Cash Flow, QuickBooks
Tagged Bookkeeping, checks, embezzlement, Fraud, QuickBooks
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Tracking Use Tax
If you have to collect sales tax, then chances are your report form asks you about use tax. Use tax is a sales tax on purchases taxable in your state but for which you were not charged. It’s easier to keep up with tracking as you go along, rather than waiting until the end of the report period, especially if you pay quarterly. So here are the steps to simplify your reporting. Continue reading
Posted in Business Finance, Cash Flow, QuickBooks, Reports
Tagged audit, QuickBooks, sales & use tax audits, sales tax, taxable, taxable purchases
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