The #1 Startup Accounting Practice You Absolutely Must Be Doing Now (Whether You Are Targeting An Acquisition Or Not)
Put Startup Accounting On Cruise Control Now Or Pay The Price Later A peer at a recent marketing conference shared with me a harrowing story about how her former startup’s poor accounting almost prevented Google from acquiring them. The lawyers required that every transaction and every dollar was accounted for, however, as is the case […]
Top 5 Tools to Help Accountants Manage Clients More Effectively
Gone are the days when bookkeeping for small business, planning and budgeting revolved around physical ledgers, or even excel spreadsheets. While accountants are naturally going to be drawn to processes which allow them to really get into numerical detail and work with complicated formulas, these days there are so many tools available that allow for […]
Using QuickBooks Desktop? Import your Bento transactions!
You asked, and we’ve delivered (as always)! You can now seamlessly import transactions from Bento for Business into QuickBooks Desktop! Transaction Pro Importer has created custom mapping for Bento users to import Bento transactions into QuickBooks Desktop (Pro, Premier or Enterprise). If you use Transaction Pro Importer already, go ahead and try it today! Simply […]
How To Avoid Expense Surprises At Tax Time
When tax time arrives, it can be immensely stressful for small business owners and their financial accounting teams, particularly if mistakes have been made throughout the year, or if not enough thinking and planning have gone into what needs to be done for the federal tax return. Leaving things until the last minute is […]
Want to Help Business Owners? Here’s Info on Accounting Salaries
We love accountants, because their hard work helps small business owners make better decisions to grow their businesses. The average accounting salary in the United States depends on what type of accountant you are, what part of your career you are in, and where you are located. Accounting salaries vary widely by state and city. […]
The 5 Best Ways to Grow Your Accounting Business
To be honest, many of your clients and potential clients probably don’t think that there’s much of a difference between one accounting business and the next – as long as their books are done and taxes filed without any issues from the IRS. Unless you offer extremely specialist services, in order to get new […]
All The Queen’s Horses and Preventing Fraud
A movie review may seem like a strange thing to have on our blog, but this movie is a good one. It’s about preventing fraud. The movie is is All The Queen’s Horses, the story of what is believed to be the largest municipal fraud in the United States. Rita Crundwell served as the treasurer […]
17 Red Flags Your Client Is Hiding Something
Part of the job of any bookkeeper or tax preparer is to keep an eye out for fraud. Ignoring warning signs in a client’s finances could leave you on the hook for charges related to tax fraud, which could lead to fines, loss of your license to practice, and even (in extreme cases) jail time. […]
5 Things Sole Proprietors Should Automate or Outsource ASAP
One of the topics that comes up most when I talk to our CPA and accounting clients is time: they want more of it. But the universe is stingy. So I decided to ask some people who always seem to get stuff done on time what they recommend. Turns out, it’s two things: automation and […]
The Post-Tax-Season To-Do List that Will Transform Your Practice
Tax season’s in the rearview mirror, which means a lot of us are breathing a sigh of relief and enjoying some well-deserved down time. That’s great. But before you jump back into business as usual, it’s important to take some time to reflect on your business – especially if this past tax season made you want […]
Fraud Alert: 10 Ways You’re Making it Easier for Employees to Steal from You
Whether or not you’ve stopped to think about it, small businesses are more vulnerable to internal fraud than their larger counterparts. This is because small businesses… Typically don’t have a budget for fraud detection. Rarely have official policies in place for handling funds, checks, reimbursements, and bills. Often rely on trust rather than clearly defined […]
5 Fraud Prevention Strategies for Small Businesses on a Budget
Preventing fraud may not be top-of-mind for most small-business owners, but accounting professionals understand that fraud is a real – and potentially costly – risk. In fact, the Association of Certified Fraud Examiners (ACFE) found in 2016 that the median fraud loss at businesses with fewer than 100 employees is $150,000 – the same as it is for […]
Engagement Letter Lingo – Say What You Mean!
Susan Pruskin, a Top 100 QuickBooks ProAdvisor who writes for ClockShark, created this helpful post on how to write good engagement letters. (It’s harder than you think!) An engagement letter is an absolute necessity in any service business. Your client must know exactly what to expect from you. Words can be tricky little things, especially […]
How to Do Small Business Payroll
Hiring employees is exciting. It means you’ve learned how to successfully start a small business, and now your company is growing. Hiring employees also means you have new employer responsibilities. Not only do you have to manage workers, but you also have to start running payroll. Kaylee Riley from Patriot Software, LLC. wrote this helpful post on how […]
Top 5 Small Business Accounting Software Choices
There are a myriad of accounting tools available on the market, with various features and benefits. However, some of them stand out due to their advanced features, ease of use, reliability and utility. Here are our current top five small business accounting software choices. 1. Fresh Books: highly rated by its users, this tool […]
