Tag: Accounting
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How Does QuickBooks Online Handle Mobile Expenses?
If you purchase several items and services away from the office, QuickBooks Online can help you record them while you’re out and about. QuickBooks Online’s mobile app, available at the Apple App Store and Google Play, can do many of the same tasks that it performs on your office desktop. You can, for example: …
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IRS form W-9 is a tool not a weapon
The purpose of IRS form W-9 is to gather information from independent contractors (and others) in order to prepare IRS form 1099. That’s it. Completing form W9 does not guarantee you will receive a 1099 because there are other considerations outside the scope of this article. I’ve always been puzzled why so many view the…
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Reconciling your bank account: what the point?
Why should you reconcile your bank accounts? In the accounting world, one of the main activities each month is reconciling bank accounts. The point of reconciling your bank accounts is to verify you’ve entered all the transactions listed on your bank statement correctly. It’s how you discover mistakes – yours or the bank.
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Is your business ready for a disaster?
The historic storm on the east coast brought this question back to me. Think about it. If everything in your office were lost to fire or flood, how would you continue your business? By everything, I mean all computer, files, and papers. How would you pay your employees or vendors? How would you know which…
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It’s Too Expensive
I don’t usually write about books I read. However, reading This Book is About Travel by Andrew Hyde got me thinking. In spite of the title, the book is about much more than travel. It’s about getting out of your comfort zone. The author gave away everything he owned and traveled the world for 16…
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Another Way to Protect your Data
There’s no end of articles out there telling you how to protect your data. Having strong passwords is obvious. But think about employees and independent contractors that have access to your online data. When is the last time you reviewed who has access to your online accounts? People move on, and task assignments change. People…
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Save Money By Filing Your Tax Return on Time
Tax day approaches. For individuals and businesses who follow the calendar year, your tax return is due by April 15, 2015. It is true you can request an extension to delay filing your taxes. Here’s why you should file your tax return by April 15: File Your Taxes Now and Know What Changes to Make…
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Are you a victim of fraud?
I have had the misfortune on several occasions to speak with business owners who were victims of fraud. Fraud can destroy your business by the way of ruined relationships and cash flow problems that force you into bankruptcy. Regardless of the size of your business, you don’t have to spend a lot of time and…
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Stress and the value of time
As I write this, the holiday season is in full swing. Anyone with a product or service to sell is marketing like crazy. Just take a look at your postal mailbox and your email for proof. It takes extra effort just to sort through all that for what you need. Along with the day-to-day activity…
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Improving your Collections Chances!
I recently had an unfortunate experience with collecting payment from a client. I would like to share some information with you so that you will, hopefully, not have to go through this as well… I had an unresolved invoice from a client and after many attempts on my part to collect the debt, I had…
