Tag: Accounting

Q & A and Tips on Accounting, Taxes and Personal Finance.
Bookkeeping and Accounting – what are the differences?

Bookkeeping and Accounting – what are the differences?

Business owners often feel there is little difference between bookkeeping and accounting. Popular accounting software like QuickBooks allows business owners to produce their own P&L and balance sheets, but is this all there is to it? Tu Dao, a CPA in Houston, Texas discusses the differences between bookkeeping and accounting, and how the evolution of […]

September 18, 2014 | 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
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