The Basics Of The Statement Of Cash Flows

Today I made a quick video to explain the basics behind the Statement of Cash Flows, one of the most misunderstood reports.  All business owners should be looking to this report to understand the actual cash coming and going out for their business.  The income...

QuickBooks Desktop 2016: What You Need to Know

Every year Intuit releases a new version of the most popular account program on Earth, QuickBooks.  Each year new features are added and additional functionality incorporated.  This year is no different.  Many new features that will help you and your bookkeeper get...

7 Accounting tasks To Do Each Week

Managing the accounting and bookkeeping tasks for your business doesn’t have to be like eating your peas as a kid.  A realistic plan with a budget, recording transactions correctly, reviewing the business financial statements for irregularities, and always...

Shark Tank Valuation – How It’s Done

I’m sure you’ve heard of the show Shark Tank. It is one of the highest rated shows currently on television and I happen to love it. Seeing success stories from small business people with great ideas is rewarding. It’s a big reason why I do what I do. Helping Small...

5 Steps to Better Automate Your Budget

I love creating better efficiencies.  If there is a way to have technology better assist my everyday life, I’m all for it!  Automation frees up time to do more of the things you like or gives you time to help grow your business.  In short, time is money and automation...

How to handle deposits – it’s not income…yet.

This blog entry is for my property managers out there or anyone else that receives deposits or prepayments from customers before the service/product is done.  For example, when a vacation rental is booked through a website like VRBO, a property management company...