Small Business Blog

Xero or QuickBooks Online – Which One is Better?

Posted by on Jul 16, 2014 in QuickBooks Online, Xero | 0 comments

Xero or QuickBooks Online – Which One is Better?

Attention – Accounting is Now Located in the Cloud Thinking of running your accounting in the cloud with online software?  Congratulations!  You are very savvy.  I predict in 10 years, desktop software will be way out of style (and production). There are two major players on the online accounting software for small businesses – Xero and QuickBooks Online (QBO). Xero comes from New Zealand and was developed over 10 years ago.  They launched in the USA just a few years ago.  The software is so good that it initially made...

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What is Accounting Anyway?

Posted by on Jul 31, 2014 in Accounting, Small Business, Xero | 0 comments

What is Accounting Anyway?

Every business must have an accounting system. Otherwise, the finances can get away and take the business with them. Businesses must know what they’ve spent and whether they can expect a profit or a loss.

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Keyboard Shortcuts

Posted by on Jul 21, 2014 in Accounting, QuickBooks Online, Xero | 0 comments

Keyboard Shortcuts

Keyboard Shortcuts for Xero and QuickBooks Online Accounting Software Attention all Xero and QuickBooks Online Users! Do you spend too much time entering your bookkeeping data? Don’t be downhearted!  There are quick and efficient ways to enter data and navigate to the pages you need.  You may even have fun learning to be more efficient! I’ve put together “Cheat Sheets” for keyboard shortcuts.  Study these and you’ll soon be whizzing through your bookkeeping tasks and on to something much more enjoyable! Download...

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What Problems Keeps Small Business Owners Awake at Night?

Posted by on Jul 10, 2014 in Accounting | 0 comments

What Problems Keeps Small Business Owners Awake at Night?

As a bookkeeping consultant for small businesses, I have come to know what problems keep a small business owner awake at night. Here are the biggest small business problems: I don’t have enough profit. I can’t find good people. I don’t have enough time. If  you can relate to any of the above, please read on! Not Enough Profit, Good People and Time If any of the above situations applies to you, know that there was a better way to have your financial information actually help you grow your business AND  give you more time to work on your...

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My Escape From QuickBooks Desktop

Posted by on Jun 9, 2014 in Accounting, Business Strategy, Xero | 2 comments

My Escape From QuickBooks Desktop

This is my story of how I transformed from a long-time QuickBooks Advisor to join the Xero Partner tribe. As you know, Intuit has been the dominant player in small business accounting software by offering a “do-it-yourself” accounting package to fit any budget. This is a great first step for getting “shoebox” and “spreadsheet” businesses into a real accounting system. Intuit also created the Pro-advisor Program so independent bookkeepers could become “certified” in QuickBooks and help small businesses with set up and training on the program....

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Writing Off Cell Phone Business Use

Posted by on Jun 6, 2014 in Accounting, Small Business, Tax | 0 comments

Writing Off Cell Phone Business Use

“The way to get started is to quit talking and begin doing.” ~Walt Disney Using Your Cell Phone for Business Calls According to the Pew Research Center Internet Project Survey, as of January 2014, 90 percent of American adults have a cell phone and 58 percent of those phones are smartphones. No doubt, many Americans use their smartphone to check work email and take business-related phone calls. Considering a cell phone is ordinarily (common and accepted) used in your line of work—and necessary—the business use portion of your phone should be...

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Cash Flow: The Lifeblood of Every Small Business

Posted by on Jun 1, 2014 in Construction Accounting | 0 comments

Cash Flow: The Lifeblood of Every Small Business

Cash is a king.  The ability to maintain a positive cash flow is a critical success factor for most sustainable small businesses and especially contractors, who much spend cash before collecting on billings.  Cash flow management starts from the bid process.  Many contractors are unfortunately more interested in submitted the lowest bid than in the ability to make a profit in the long run. When making the decision on whether to bid a job, consider the following: How busy will the company be when given notice to proceed? Toes the company have...

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Successful Delegation Checklist

Posted by on May 27, 2014 in Business Strategy, Human Resources, Small Business | 0 comments

Successful Delegation Checklist

“The purpose of getting power is to be able to give it away.” – Aneurin Bevan   Are you a control freak?  Or have you ever been guilty of dumping work on someone else and wondering why it went wrong?  If so, this blog post will help you! This checklist explains how to delegate effectively. Delegation is a vital management skill that, like many managers, you may have avoided. Perhaps you resist letting go of control, believing that nobody else can do the job as well as you. Or maybe you feel that you don’t have...

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OUTSOURCING – A Strategic View

Posted by on May 19, 2014 in Business Strategy, Small Business | 0 comments

OUTSOURCING – A Strategic View

Outsourcing is a critical component to a company’s strategic objectives. An organization’s ongoing sustainability and success depends on its ability to continuously evolve and improve its core products and services and move quickly in today’s continuously changing businesses environment.

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Discover How Financial Statements Can Give You A Picture of Your Company’s Health

Posted by on Mar 31, 2014 in Accounting, Small Business | 1 comment

Discover How Financial Statements Can Give You A Picture of Your Company’s Health

   Click here to subscribe to my mailing list to receive my free report. How Profitable is My Business Really? You’ve  probably heard about how small business owners hire accountants and bookkeepers to record all their transactions and keep the accounting system up to date. As you know it still ends up that sometimes owners actually have no clue of how their business is  performing.  It’s not that the accountants aren’t doing a fine job. In fact the accountants may actually send them nicely formatted financial statements...

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