Quickbooks Reconciliations: Not Just for Banking

Most Quickbooks users are familiar with doing monthly bank reconciliations and the importance of doing so. Some reconcile credit cards on a regular basis as well (good job!). That’s where most reconciliations end, but don’t have to.  The bank reconciliation feature in Quickbooks (both Desktop and On-line) can be used to reconcile any balance sheet account,Continue reading “Quickbooks Reconciliations: Not Just for Banking”

Top 7 Budgeting Pitfalls

“If you can’t measure it, you can’t improve it.” – Peter Drucker   A lot of businesses are starting their 2017 budgeting process right now. A budget is a critical tool for all successful businesses. However, many budgets fall short of providing the financial guidance that managers and owners desperately need. Having prepared numerous budgets,Continue reading “Top 7 Budgeting Pitfalls”

Not Just the Numbers

I believe that every decision a business owner makes affects the bottom line. Therefore I employ a holistic approach to finance. Everything in an organization is interrelated. Accounting is just the method to report how well (or poorly) the business is performing. Understanding the relationship between management decisions and financial results is key to improvingContinue reading “Not Just the Numbers”

Stop the Money Leaks in Your Business

It’s almost winter time. That means you have to be careful about frozen pipes and water leaks. What about “money leaks”?  They can be just as detrimental to your business as a water leak can be to your home. Examples of money leaks include: Overpayments in insurance due to incorrect classifications Vendor overpayments Employee time overpaymentsContinue reading “Stop the Money Leaks in Your Business”

20 Reasons your business will fail and 10 why it may not: #1 Cash Flow

This is the first in a series of posts that are designed to help business owner’s make better decisions. I truly believe that everything decision you make impacts the company’s success. Reason #1 Your small business will fail: Not having enough cash to make it through the start-up period, a downturn or to handle aContinue reading “20 Reasons your business will fail and 10 why it may not: #1 Cash Flow”

Where To Start When Cleaning Up a Quickbooks Mess

Cleaning up  a Quickbooks mess isn’t really any different than cleaning up any other kind of mess.  You start by creating a very specific plan and then work the tasks one by one.  However, order really does matter when starting out.   Sometimes you can’t reconcile one account until another is done. The very first stepContinue reading “Where To Start When Cleaning Up a Quickbooks Mess”