Posts Tagged ‘Accounting’
What is the Difference Between Bookkeeping and Accounting?
Source: Small Business Trends | Repost QBScott 6/22/2022 – Small businesses need to ask important questions, such as ‘What is the difference between bookkeeping and accounting?’ The bottom line is both are needed to corral financial records and understand them. Critical financial decisions get made based on the different approaches. And the results from accounting…
Read MoreYour Clients… Do You Really Know Them?
Source: AccountingInsight | Repost QBScott 2/27/2020 – If asked, most practitioners could reel off basic details about their client base, and what they are provided by the accounting practice. However, that answer, given by the owners of many small practices is remarkably similar: ‘Oh, we have everyone from sole traders up to a few multi-million-pound…
Read More10 Insights to Help You Become A Better Small Business Leader
Source: smallbiztrends.com | Repost QBScott 2/13/2020 – Entrepreneurs need to have strong leadership qualities in order to manage employees, communicate with customers, and outline a clear vision for their company. There are plenty of different styles and aspects that go into being a good leader. So here are some various insights from members of the…
Read More21 Ways An Accountant Can Help a Small Business Owner
Source: thebalance.com | RePost QBScott 11/21/2019 – If you are bootstrapping or starting a small business on a limited budget, you have probably spent some time trying to figure out where you can cut business costs and do more on your own to stretch the funds you have available. One area you may consider doing…
Read More5 Time-Saving Accounting Tips for Your Small Business
Source: ProductivityLand.com | Repost 10/24/2019 – Running a business is rewarding, but also insanely time-consuming. According to a 2015 Constant Contact survey, over 40% of small business owners say they don’t take vacations, while another 40% say they don’t have enough time to spend with their friends and family. Despite this, an overwhelming 84% of…
Read More5 Accounting Mistakes That Cost Small Businesses Significant Growth
Source: business.com | Re-Post QBScott 10/10/2019 – Failing to have a firm grasp on your business’s financial status can significantly hamper your ability to grow. • The vast majority of small businesses handle all of their accounting and bookkeeping on their own. • If you do hire an outside professional, make sure they are either…
Read MoreBest Business Features Of QuickBooks Online Advanced
Source: Business Dailey News | Re-Post QBScott 8/29/2019 – QuickBooks Online Advanced, like many cloud-based services, is getting an injection of artificial intelligence smarts. Intuit says it’s making strides to meet the needs of its 1.5 million midmarket customers with new features that enable better reporting features and a series of other controls. The service,…
Read MoreThe Top Accounting Challenges Small Businesses Face
There are many things a small business owner must focus on including keeping track of the company finances. This article from business.com highlights many of the challenges about keeping the books and how to best overcome them. Please enjoy the article and email me at scott@qbscott.com with any questions you have. Source: business.com | Re-Post…
Read More8 Common Accounting Mistakes Small Businesses Make
Accounting errors happen from time to time and many can be avoided if you plan properly. Part of planning is knowing which errors are most common and what to do to avoid making them. This article from The Balance Small Business talks about 8 of the most common mistakes that business owners make that will…
Read MoreAugust 2018 Update
Here’s what I’ve been up to… The next video training course is still in the works. It’s about Accounting fundamentals; Debits, Credits, Journal Entries, T-Accounts, the Basic Accounting Formula, etc. I’m really excited about this course as it will help a variety of folks. The intended audience is anyone new to Accounting or anyone that…
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