accounting
Bookkeeping Tips – Setting up your books
Many of the clients I have worked with made a concerted effort to manage their own bookkeeping before seeking help elsewhere. And for the most part, the biggest cause of their reports not coming out quite right or the bank account refusing to reconcile came down to their books not being set up correctly to begin with.
Cash vs Accrual – Which Accounting Method Works for You?
One of the main differences between the cash and accrual methods of accounting is when revenue and expenses are reported. In a cash method, revenue is recognized when money is actually received and an expense is posted on the date it is paid. This method is used often by service businesses because they do not typically carry substantial inventory. There are some businesses that cannot use a cash method. Some examples are:
* A corporation (other than S) with revenue exceeding $5 million
* A business that carries inventoryRead More >>
Tax mental preparation
'Tis the season for turkeys, toys....and taxes. Once all the celebrating/joy-to-the-world is behind you, it's time to switch focus from Father Christmas to Uncle Sam. And who is this Uncle Sam that is always wanting money anyway? Is he truly a metaphor for an 
irritating relative that is always in trouble and asking for money, or is he more like the insurance provider you pay into each month diligently, but hope to never use?
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Love your seatbelt, love your budget
How many times have you backed out of your driveway without your seat belt on only to strap in as you drive? Have you started a campaign, a business, a new phase in your life without your budget and then tried to shore it up later? Any seasoned business owner has moved forward without a plan--the quick learners figure out that doesn't work so well--the more they do it, the less cash they have for their next project.Read More >>
