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…

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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…

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Small businesses are always looking for ways to save money. One way is to do the accounting work themselves. There are a number of different software packages out there that can meet a small business owner’s needs. This article from The Balance Small Business discusses 6 advantages of using small business accounting software to help…

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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…

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Here’s what happened in July and some plans for August. In July, nearly 100 students enrolled in my new video training course 7 Ways to Improve your QuickBooks® Workflow!   This is a great course if you’re new to QuickBooks® Online or want to learn some time-saving tips.  Click the link below for more details.   Students are…

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QBScott-Accounting (24)

For the image below, total Debits less total Credits equal the Account Balance. So, in the example in the image, total Debits of 2,675 less total Credits of 275 equal 2,400. This is a Debit amount since, in this example, Debits are greater than Credits.

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