Category: Accounting

Q & A and Tips on Accounting, Taxes and Personal Finance.
Budget Your Business for 2017

Budget Your Business for 2017

Budget Projections Offer a Road Map to Success I know that many businesses do not prepare projections, and among the ones that do, many do not use them to monitor results. Many believe that one of the most important steps in achieving personal goals is to write them down. Preparing and monitoring a budget for […]

November 3, 2016 | By More
You’ve hired an Accountant – now what?

You’ve hired an Accountant – now what?

What tasks will you delegate to your accountant?  How many hours should be allotted per visit? Prepare your Accountant’s checklist… A checklist can help you and your new accountant get things moving quickly and smoothly.  It can set expectations such as time allotments and costs involved, as well as familiarize your new accountant with your business and […]

June 30, 2014 | By More
Bookkeeper Interview Questions – What to ask

Bookkeeper Interview Questions – What to ask

Your small business is ready to hire a bookkeeper. What’s the next step? Whether you interview in person or on the phone, have your questions ready. The bookkeeper will likely be interviewing you and gauging your preparedness and business acumen. A good bookkeeper interview is a give and take process. Ken Reid of MasterType Accounting […]

June 17, 2014 | By More
Factoring – accounting for factored receivables in QuickBooks

Factoring – accounting for factored receivables in QuickBooks

Factoring is when a business sells its accounts receivable to a third party at a discount. To meet immediate cash needs, a business will sometimes factor its receivables. CPA Jerry Kling of New York City details how to factor receivables in QuickBooks. Jerry: When you factor receivables, you have borrowed money against the accounts receivable […]

June 17, 2014 | By More
Accounting – the proper recording and summarizing of financial transactions

Accounting – the proper recording and summarizing of financial transactions

Accounting is the cornerstone of any successful business. CPAs can be essential in analyzing, verifying and reporting the results and preparing financial statements. Businesses with strong financial accounting systems in place often realize significant cost savings. Accounting fraud and onerous tax problems can also be avoided or mitigated through accounting “best practices.” CPAs, Forensic Accountants and […]

June 8, 2014 | By More