Sales - Profit = Expenses

Business Accounting

Misunderstanding Business Bookkeeping Can Close Your Doors

Although Do It Yourself (DIY) is popular it’s not recommended for your business bookkeeping and accounting.   One thing that can bring any business down to its knees is the misunderstanding of company cash flow. There are proper steps that must be taken in every business to create and maintain a bookkeeping ledger that is…

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Financial Statements and your companies financial health

The reports that will never lie to you about your companies financial health

A lot of small businesses are using QuickBooks for their financial statement needs. The ability to view, customize and print reports puts QuickBooks above its competitors in the eyes of most entrepreneurs.  You might be running various reports every once and awhile and think that you are staying on top of your situation, however; I…

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Do it yourself QuickBooks is your biggest business gamble

  Having and using QuickBooks does not replace a bookkeeper, accountant, CPA, or tax preparer! Let’s imagine this; you are a small business owner. It’s tax time, so you decide you are going to go have your taxes prepared. After printing out your papers from QuickBooks, you get in your car and drive to the…

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