Posts Tagged ‘Accounting’

How Can My Statement of Cash Flows Transform My Business?

Friday, February 28th, 2014

Do you realize that your business’s financial statements are a valuable management tool for decision making? You may be thinking, “Well, I just get them done because the bank needs them for my loan file,” or, “I think I have a copy in a drawer somewhere.” But if you take the time to understand your financial statements, you’ll be surprised to find that they can give you information on the condition of your company and allow you to make better business decisions.  (more…)

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Can I Qualify for New Incumbent Workforce Training Dollars?

Thursday, September 5th, 2013

The state just announced that it will launch the second round of the Incumbent Workforce Training Voucher Program. Earlier this year the state offered $20 million in cash to businesses to reimburse for training costs. However, all those dollars were accounted for the first day the program launched. Don’t fret though – more dollars will be available on September 30 at 10:00 a.m.! (more…)

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Is it time to review your choice of entity?

Wednesday, July 17th, 2013

When is the last time you talked to your accountant about your business’s entity type? If you’re like most business owners, it’s probably not something you regularly think about. Whether you are taxed at the corporate level as a C-corporation, or have a pass-through entity such as an S-corporation or a limited liability company (LLC), there have been plenty of changes in the tax laws recently to warrant at least considering your entity type. (more…)

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How Can You Get A Strong Start With QuickBooks®?

Friday, July 5th, 2013

As a business owner, you may prefer to maintain your own accounting records, and you either use or have investigated using the accounting software product called QuickBooks®. The program is an easy-to-use, affordable accounting software package. (more…)

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Do You Understand Your Company’s Financial Statements?

Wednesday, June 19th, 2013

Big GAAP vs. Little GAAP has been a hot topic in recent years. (Okay, “hot” topic may be a stretch…) The question of the hour is: Why should a privately held company with close relationships to owners, bankers, insurers and other financial statement users need to comply with the same complex rules and extensive disclosure requirements that a publicly traded company is held to? (more…)

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Did You Know that the FASB Wants to Hear From You?

Wednesday, June 5th, 2013

Let’s face it—opinions matter. We all like to be asked for our opinion. And more often than not, opinions help shape decisions and the direction that a group of people may take. (more…)

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Cash Flow is King: Where Do You Need to Focus?

Thursday, May 9th, 2013

Do you know the current balance of your business checking account? If you don’t, keep reading. Cash flow is the key to business survival. A healthy business generates money for the operations of the business.  (more…)

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Is It Time to Upgrade Your QuickBooks to a Current Version?

Friday, February 22nd, 2013

Intuit recently released the 2013 version of QuickBooks.  If you are a registered user of QuickBooks, you will certainly have received notice of this release, and have been encouraged by them to consider upgrading.  But, do you need to?

For those of you who don’t know, QuickBooks is an accounting software package that was designed for smaller businesses.  It is a very good package, is simple to use, and is very affordable.

The newer versions of QuickBooks certainly contain some nice enhancements, and those enhancements are helpful, not only to you the user, but also to your accountant.  (more…)

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Do You Have Any QuickBooks Tips for Managing Cash Flow?

Wednesday, December 26th, 2012

Cash flow management is a struggle for many small businesses.  Unlike revenue, cash flow isn’t easy to quantify or pin down.  It’s up and down and moves around.  But, most small businesses that fail do so because of a lack of cash flow… not revenue or profits. (more…)

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What Accounting Methods Do Contractors Use?

Thursday, November 1st, 2012

Usually when you hear the words “accounting method,” you think of generally accepted accounting principles (GAAP). However, you should not overlook the impact that accounting methods have in the tax world, especially for construction contractors. (more…)

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