Monday, December 31, 2018

Happy New Year!


On the road to success, the rule is always to look ahead. May you reach your destination and may your journey be wonderful. Happy New Year!

Friday, December 28, 2018

How to Track What You've Spent: Expense Reports | QuickBooks Online Tutorial 2018


In this QuickBooks Online tutorial you'll learn how to track what you've spent along with:

- Use the Expenses by Vendor Report to see how much you've spent and with whom
- Run reports to find out how much you've spent, and why

Tuesday, December 25, 2018

Merry Christmas!


May your heart and home be filled with all of the joys the festive season brings. Merry Christmas and a wonderful New Year!

Saturday, December 22, 2018

Upcoming January Course - QuickBooks Desktop Essentials


QuickBooks Desktop Essentials
Thursday, January 17, 2019
From 9am to 1pm
@ BWFA Offices

5950 Symphony Woods Road
Suite 600
Columbia MD 21044

Course: $249 includes lunch and course materials

Wednesday, December 19, 2018

How to Attach Receipts Using Your Mobile Phone | QuickBooks Online US Tutorial 2018


In this QuickBooks Online tutorial you'll learn how to attach receipts using your mobile phone along with:

- Use the mobile app to record an expense outside the office
- Take a picture of a receipt and upload it to your QuickBooks company
- Access the receipt picture through QuickBooks

Sunday, December 16, 2018

Upcoming Course: QuickBooks Desktop Essentials


QuickBooks Desktop Essentials
Thursday, January 17, 2019
From 9am to 1pm
@ BWFA Offices

5950 Symphony Woods Road
Suite 600
Columbia MD 21044

Course: $249 includes lunch and course materials

Thursday, December 13, 2018

How to Stop Making Excuses


Do you desperately need to stop making excuses, & yet, no matter how much you try to convince yourself to get something done, you simply don't have the energy required to complete the task at hand?

In Episode #2 of "60-Seconds to Unstoppable" bestselling author, Ben Angel reveals how "self-preservation mode" can trigger a plethora of excuses & how to distinguish between it being triggered by a lack of willpower or a lack of energy.

Monday, December 10, 2018

How to Use Summary Reports: Summaries & Information | QuickBooks Online Tutorial 2018


In this QuickBooks Online tutorial you'll learn how to use summary reports along with:

- Discover some commonly used summary reports
- Look up information about your business
- Use summary reports to look at a lot of data very quickly

Friday, December 7, 2018

Practical Tips to 10x Your Company


Business Model Innovation or Regeneration is important to keep your business from becoming obsolete. Watch this video to learn tactics to continue to evolve your business model and company.

Tuesday, December 4, 2018

Danny DeVito Teaches Time Tracking | QuickBooks Backing You


Danny DeVito teaches you a better way to manage your employees’ time and save 3+ hours/month. Hint: it’s with QuickBooks.

Saturday, December 1, 2018

6 Money Traps to Avoid in Your 30s


Getting to middle adulthood demands a shift in priorities. Once you stop needing to count the days to your next paycheck, it’s time to start really planning out your financial future. Here are 6 money traps to avoid in your 30s.

Sunday, November 25, 2018

How to Get Motivated


You’ve probably heard that you just need to get motivated. But what else influences your ability to stay motivated that we never talk about. Shockingly, food cravings!

Join bestselling author, Ben Angel for this powerful 12 part "60-Seconds to Unstoppable Series" today for surprising insights into peak performance based on neuroscience, psychology & biohacking.

Thursday, November 22, 2018

Tuesday, November 20, 2018

How to Filter Reports: Customers, Vendors, & Products | QuickBooks Online Tutorial 2018


In this QuickBooks Online tutorial, you'll learn how to filter reports including:

- Apply filters to choose the data that is used to build your report
- Choose whether or not inactive customers, vendors, and products are seen on a report

Friday, November 16, 2018

Bosses vs. Leaders – Which are You?


I want you to consider this question: Are you a boss or are you a leader? Understanding the difference between the two will help you become a better manager, business owner, teacher, trainer, coach, parent, even a better spouse.

Tuesday, November 13, 2018

How to Automatically Email Reports | QuickBooks Online Tutorial 2018

In this QuickBooks Online tutorial you'll learn how to automatically email reports along with:
- Email a report - Create a schedule that QuickBooks uses to automatically email reports - Edit report email schedules

Saturday, November 10, 2018

Three Reasons Why Businesses Need to Use Bookkeeping Services


Along with actually running the day-to-day operations of a store, franchise, or company, there is also the financial paperwork, which has to be completed just right or you could face serious legal consequences. Owners need to keep track of expenses, salaries, profits, insurance, taxes, and tax breaks. The best way to handle these details is to hire professionals. Here are three reasons why bookkeeping services can help you.

Accuracy When It Matters

First off, unless you have a CPA license, bookkeeping services will handle your accounting more accurately and promptly than if you attempt to do it yourself. Trained professionals complete this type of work every single day and can focus on each and every detail. Depending on the type of business and size, there are certain accounting methods that can be utilized to maintain records. Private firms can analyze your company and figure out which organization method will be most accurate for your finances. You will always have an up-to-date idea of how your business is doing financially, and what you can and cannot afford. Furthermore, a firm can complete these tasks quicker than the average owner.

Save Valuable Time

Secondly, doing your own accounting and tax filing takes time. In some cases, it takes a lot of time. The time it takes you to crunch numbers can impact the day-to-day operations of your company. Bookkeeping services can take this extra work off of your plate. This will allow you to focus your energy on your overall vision for your store or company, rather than on the little details. So while a professional firm may initially seem expensive, you must consider how much more money you can bring in by not spending hours every week on your books.

Avoid Potential Conflicts

Hiring bookkeeping services is ideal if there are any potential conflicts of interest. If your company is a partnership or has a complex business arrangement, there could be multiple parties with an interest in your venture's accounting. By bringing in an outside firm, all partners can be assured that the numbers come from an independent source with no preference. Along with ensuring you receive the correct numbers, this will also help prevent any potential suspicion between partners.

In short, hiring bookkeeping services can be an excellent way to keep your business running smoothly. When tax season comes around, having kept accurate records will make filing your returns much easier, which is one less thing a business owner needs to stress about.

Article Source: http://EzineArticles.com/expert/Abraham_Avotina/663190

Article Source: http://EzineArticles.com/9288318

Wednesday, November 7, 2018

How to Create a Management Report: Different Kinds, Editing & More | QuickBooks Online Tutorial 2018


In this QuickBooks Online tutorial you'll learn how to create a management report along with:

- Learn how to run a Management Report
- Explore the different kinds of Management Reports
- Edit a Management Report
- Email and export Management Reports to pdf

Sunday, November 4, 2018

5 Things Highly Focused People Do


If you were to ask someone like Mark Zuckerberg, Oprah Winfrey, or Elon Musk why they have managed to create such incredible success in life, they would probably credit their achievements to one thing: their ability to FOCUS.

Thursday, November 1, 2018

How To Use The 'Pack' To Streamline Order Fulfillment: QuickBooks Enterprise | Tutorials


QuickBooks Enterprise 19.0, makes the sales order fulfillment process easier than ever. The “Pack” process allows you to select a packer, send to a device, print the packing list, or monitor warehouse progress from a centralized dashboard.

Monday, October 29, 2018

Credit Card Hacks


In this episode of FWTV, Brittney Castro reveals her top credit card hacks that will allow you to USE your credit cards to your ADVANTAGE rather than create more debt.

Friday, October 26, 2018

How To The 'Pick' Can Keep Your Picklist Up To Date: QuickBooks Enterprise | Tutorial


QuickBooks Enterprise 19.0, makes the sales order fulfillment process easier than ever. The “Pick” process helps you keep up to date picklist status and flexibility between the office and warehouse.

Tuesday, October 23, 2018

4 Distractions That Kill Productivity


One thing for certain is that we live in a world with no shortage of distractions. From technology that connects us to everything and everyone to the endless sources of entertainment all around us, life is full of distractions capable of derailing your progress each day.

Saturday, October 20, 2018

Wednesday, October 17, 2018

Spend Your Money Wisely


There is always a SMART way to balance and manage your money and in this episode of FW TV Brittney Castro teaches you how to spend and spend wisely.

Sunday, October 14, 2018

How To Create Shipping Labels: QuickBooks Enterprise | Tutorial


Print shipping labels for Fedex, UPS or USPS, using the shipping manager in QuickBooks Enterprise 19.0! Then use the dashboard to follow the tracking number and monitor shipping progress.

Thursday, October 11, 2018

3 Overlooked Success Hacks


Sometimes, when it comes to achieving success in both your professional and personal life, focusing on the most basic, simple priorities is the most beneficial thing that you can do. Giving your body and mind the things they need to excel leads to good results.

Monday, October 8, 2018

Simple Accounting Terms


There are literally thousands of accounting terms, and if you are an accountant, of course, you are familiar with them all. For the rest of us, there are certain things that we should be at least a little familiar with, after all, if we handle the household budget on a monthly basis we are actually doing a little accounting of our own.

An accountant is someone who is highly skilled in recording and reporting financial transactions, possibly having to report to numerous people within the company, keeping them abreast of how it is going financially and being the one who deals with the tax collection agencies and other outside forces.

An account payable is something that sounds exactly what it is. It an amount owed to a creditor for goods and/or services. In a grocery store, your account payable would be the price of a dozen eggs or a loaf of bread. In an office setting, it could be the amount owed for new office furniture or the rent on the building.

An account receivable on the other hand is a claim against a debtor for the uncollected amount. As an accountant, you are looking to receive this debt at some time or another, and then it will become a balanced sheet once again. If for whatever reason, this debt can never be collected, it is considered a bad debt--it is not receivable.

Which brings us to balance. What is a balance? Well, it's a basic financial statement that shows who owes what and who has paid what up to that date. The bottom line, similarly is the financial statement that shows net income or loss from one date to another.

We all want a positive cash flow. This means that we have money and we are spending less than we are making. A cash flow, by definition, is the net of cash receipts and cash disbursements relating to a particular activity during a certain period whether that period is a week, a month or a year.

A bookkeeper is sometimes referred to as an accountant, and while they do some of the same things, a bookkeeper really just, well, keeps the books. That is, they record the financial transactions of a company or business. They keep note of what goes in and what comes out in the hopes of maintaining a balanced account, and sufficient cash flow at all times.

Article Source: http://EzineArticles.com/expert/Amanda_J_Hales/1311545

Article Source: http://EzineArticles.com/9819192

Tuesday, October 2, 2018

4 Secret Habits Of Millionaires (To Achieve Success)


Many successful people have been interviewed over the years and asked the question, “What do you think about, most of the time?” In short, the habits of successful people revolve around positive thinking. They think about what they want, and how to get it.

“Self-actualization and self-fulfillment result when you feel that you are becoming everything that you are capable of becoming.” - Brian Tracy

Saturday, September 29, 2018

QuickBooks Point of Sale: All in One. Integrated.


QuickBooks Point of Sale is the only POS system designed to work with QuickBooks. When you make a sale, the information is automatically transferred into your QuickBooks accounting software saving you time, effort and minimizing potential errors. Quickly see how much you’ve sold across all your sales channels and keep your financial statements up-to-date.

Wednesday, September 26, 2018

7 Tips to Spending Money Wisely


For many people, financial struggles are due to not bringing in enough money. For many others, though, the problem comes from not wisely spending the money that they do make.

In this video, Phil Town discusses seven ways that you can start to better spend the money you earn in order to help you reach your financial goals.

Sunday, September 23, 2018

QuickBooks POS: Easy to Set Up and Use


QuickBooks Point of Sale is user-friendly and easy to set-up. In less than 30 minutes you can teach someone how to add an item, print it, get it into the system and on the shelf. With QuickBooks Point of Sale, save time and focus on growing your business and doing what you love to do!

Thursday, September 20, 2018

Most Important Principle for Great Leadership


Can great leadership be summed up by just one simple formula? When people ask Jack Canfield for the single most important principle to leadership success, he shares a simple formula.

Monday, September 17, 2018

QuickBooks Point of Sale: Easily Track Inventory


Learn how QuickBooks Point of Sale helps save you time tracking inventory. Set up inventory levels and when quantities drop, receive a report with everything you need to order. See what's selling and what's not, who’s buying and more.

Friday, September 14, 2018

4 Tips to Improve Leadership Skills


Leaders never stop growing and developing. They have the capacity to keep themselves from falling into a comfort zone. They are lifelong students. All leadership qualities can be learned. The hard part is identifying the qualities that you must learn to succeed as an effective leader.

Tuesday, September 11, 2018

How to Enter Personal Expenses: Paying with Company Funds | QuickBooks Online Tutorial 2018


In this QuickBooks Online tutorial you'll learn how to record owner's personal expenses paid with company funds along with:

- Learn about and set up equity accounts to track owner personal purchases and draws
- Record the owner paying themselves with company money through a draw
- Add an owner's personal purchases that are made with company money

Saturday, September 8, 2018

4 Tips for Wealth Wisdom from Brian Tracy


Building wealth is a journey, and like most journeys, the sooner you start, the further you’ll go. Thus whether you’re saving for retirement, to put your kids through college, or to achieve any other goal, it’s important to start as early as possible.

Because so many factors affect your wealth, you’ll need to begin by coming up with a clear, detailed financial plan. In this video, Brian Tracy helps you with this process.

Wednesday, September 5, 2018

How to Record Business Expenses: Paying with Owner Funds | QuickBooks Online Tutorial 2018


In this QuickBooks Online tutorial you'll learn how to record business expenses paid with owner funds along with:

- Learn about and set up equity accounts to track owner contributions
- Record a purchase the owner makes for the business
- Enter a deposit that the owner is making to the business' bank account

Sunday, September 2, 2018

4 Tips for Work-Life Balance from Jack Canfield


Most of us struggle with finding that perfect balance between our professional careers and the many roles we play in our personal lives - as a spouse, a parent, a sibling, or a friend. Sometimes it may feel like one aspect of your life has to be sacrificed for another.

But the truth is, with a bit of focus and planning, you CAN have it all: a meaningful job, thriving career or business, fulfilling relationships, good health, and a satisfying personal life. In this video, Jack Canfield shares four powerful suggestions for how you can do just that.

Thursday, August 30, 2018

QuickBooks Enterprise: Enhanced Pick, Pack, and Ship | QuickBooks


QuickBooks Desktop Enterprise Platinum edition helps make fulfilling sales order easier and more reliable with the Enhanced Pick, Pack and Ship feature. QuickBooks Enterprise helps save you time and effort.

Monday, August 27, 2018

Create Positive Pay NACHA File from QuickBooks


How to use QuickBooks reports and an Excel macro to create a Positive Pay compatible file

For more information, please visit https://www.turnkeyoffice.net

Friday, August 24, 2018

How to Use Detail Reports: Transactions, Expenses, & More | QuickBooks Online Tutorial 2018



In this QuickBooks Online tutorial you'll learn how to use detail reports along with:

- Discover some commonly used detail reports
- Look up information about your transactions
- Use detail reports to find transactions and analyze your sales and expenses

Tuesday, August 21, 2018

Bookkeeping Services - Let a Professional Handle Your Accounts


Many use bookkeeping services, especially if they have companies or organizations. Before using this sort of company, make sure it is reputable and follows all rules and guidelines.

Those who have bookkeeping companies help record the value, assets, liabilities, income and expenses in a ledger or journal. The individual will post entries debit and credit entries chronologically in the journal. Those who have companies or organizations usually need bookkeepers. Others decide to use individual or family bookkeepers to track the income and expenses of the family using a register.

Before, these professionals did their services using a paper and pen but now there is advance software which can help with bookkeeping. Many people either use a single entry or double entry system. A single entry system uses information found in the income and expense account while a double entry system forces the individual to post the entry twice as either a debit or a credit. An accountant on the other hand prepares the income state and balance sheet using information prepared by a bookkeeper.

There are also online booking companies, which have become very popular recently. Online bookkeeping allows your information to be kept and tabulated on the web. This will allow you to choose a bookkeeping company that does not necessarily live in your immediate area but somewhere else, as long as they have access to your paperwork and receipts regularly.

If you are a company who has a lot of mobile employees, they can scan and send receipts to the remote place and get reimbursed quickly. Also you if you have more than one office, online booking can be ideal. Most entries made are recorded and stored remotely and you can access the software anywhere in the world and check all of your entries.

If you decide to use bookkeeping services, ask your friends, professional peers or relatives if they have any recommendations. Before hiring anyone, make sure they have years of experience in the field and can provide you with references which you can call. Rates for bookkeepers can vary depending on the experience of the individual, the location of the business and the software used so make sure you use someone who is in your price range.

If you use an outside company to handle your accounts, you may save money in the end. If you are a small business, you do not need full time employees who handle your journals which mean you can save on payroll as well as overhead costs, which can free up your schedule and allow you to focus on important things instead of bookkeeping problems. You can allow professionals to handle your needs who can produce desired results efficiently and effectively.

If you choose to hire a company who specializes in bookkeeping, make sure you investigate them thoroughly to make sure they can meet your goals and expectations. Ultimately a good bookkeeping company can handle all of your bookkeeping needs and allow you time to focus on developing and running your business.

Article Source: http://EzineArticles.com/expert/Andrew_Stratton/83489

Article Source: http://EzineArticles.com/1879380

Saturday, August 18, 2018

Wednesday, August 15, 2018

How to Maintain QuickBooks, Upgrade or Correct a Damaged File


Occasional damaged file components is not uncommon for QuickBooks Desktop. After all, a large database does require maintenance including making backups from INSIDE of QuickBooks. It is a common fallacy to believe that daily windows backups, though of course advisable, is sufficient for database maintenance.

Note – for many organizations, this means the “IT department” cannot do this maintenance because they are generally not provided a password to open the QuickBooks data file. A management team with insufficient knowledge of maintaining QuickBooks databases may therefore assume that Windows backups are sufficient, as they are with many flat files.

This guide touches on regular maintenance, preparation for software upgrades and if needed and is intended to help troubleshoot damaged files. Chronic or consistent damaged files however, is an indication of a deeper issue, such as a damaged installation of QuickBooks, network or system damage and/or problems with negative inventory or import utilities. This guide is intended to help troubleshoot a wide variety of corruption issues but is in no means comprehensive.

It’s important enough to note that all file activities that involve data manipulation need to be done in Single User Mode and ON THE LOCAL MACHINE. Never attempt to run rebuild or upgrade a company file “across” a network or on a remote desktop where the data file is not physically stored on the same machine where the rebuild or upgrade is being done. “Verify” is okay, because data is not actually being manipulated. You can temporarily circumvent potential network issues by moving the .QBW file to a local drive, performing the rebuild or upgrade, then moving it back. I say “move” because duplicate file names in duplicate locations is generally a bad idea.

Of course, if you have problems or concerns or just generally want this whole process done professionally, you can contact Turn Key Office and we will do it for you onsite or via remote access.

Sunday, August 12, 2018

Get Paid Faster with Smart Invoicing from QuickBooks


Smart Invoicing from QuickBooks lets you invoice with confidence and get paid faster. Payment is easy for customers when they can pay by credit card, free bank transfers, and Apple Pay.

Thursday, August 9, 2018

5 Steps to Make Your Team Feel Appreciated


Feeling appreciated fuels motivation, and the ability to make others feel as if their efforts and contributions are truly appreciated is a big part of what makes a good leader.

Monday, August 6, 2018

Track Online Invoices and Get Paid Automatically with QuickBooks


See how you can track your online invoice every step of the way. Real time alerts lets you know when your customers view, pays and when your money hits the bank.

Friday, August 3, 2018

The Worst Cashflow Mistakes Small Business Owners Make


The worst cash flow mistakes a small business owner can make can be counted on one hand. They have one thing in common, and that's about failing to follow the money. They're about keeping your eye on the prize, and we go through them here, ending with advice about how to track your own company money using expense management software for small businesses...

Failing to think before you splurge. Great! You've started a business. You're on the road to fame and fortune, and now's the time to invest in an expensive suit and a new car, isn't it? No, in short, it isn't. This is exactly the time NOT to commit money - yours of the company's - to anything you don't need. So there's the first lesson. Understand the difference between 'want' and 'need'. To succeed in business you need a phone, but the Armani suit can wait...

Expecting the best. This is about your financial planning. Understand that you're not going to be a millionaire in the first year. On the contrary, you'll be doing well if you can afford to pay yourself anything like a salary in Year One. If you overestimate the number of units you can sell, or the clients you can get to come on board, then revenue will be lower than you predict, and you may find yourself overstretched with any finance package you've put in place.

Offering credit. Poor paying suppliers can cripple small businesses. If you're made to wait for payment, that's like offering them an interest-free loan, and you shouldn't do it. It's perfectly reasonable to ask for payment up front, so long as you're ready to honour your commitment. After all, you wouldn't expect the local supermarket to give you a month or more's credit on your grocery shop (though if you're a supplier to them, the boot would be on the other foot). In general, large organisations are slower payers, and also have complex internal procedures in place about how and when payments can be made. Better to work with smaller companies, where you have direct access to the person with the power to pay.

Being cash poor. If you've made careful and conservative cash flow forecasts in the early days of your business, everything's fine, so long as cash moves as you'd predicted. But what happens if it doesn't? If you have no cash cushion you could be in trouble. Try to have a couple of months-worth of cash in the bank so you could carry on if you had no income at all. It'll help you sleep easier, too.

Not making an unpaid finance assistant work for them. Bet that caught your attention didn't it? This is not about the kind of modern slavery that has people working for nothing, but it's about technology. It's about arming yourself with good quality business expense management software for small businesses and being disciplined in its use. In the early days of your business you need to be especially careful with money, because having little of it generally sharpens the focus in the need to be a good money manager. In later years, when you've earned a wedge, there's no reason to take your foot off the control pedal. Keep a tight rein on finance, and you'll be rewarded with better dividends in the future. Selection of the right small business expense management software will enable you to keep track of expenses very easily, but more importantly, it will allow you to interrogate the data, and show you how effectively you're managing spending and cashflow - and show where improvements can be made. And picking the right package means it'll offer excellent value for money, because the savings you make by using it are probably going to be more than the cost of investing in it in the first place.

Article Source: http://EzineArticles.com/expert/Sunita_Nigam/2148823

Article Source: http://EzineArticles.com/9954112

Tuesday, July 31, 2018

How to Use List Reports: Looking Up Customers, Vendors


In this QuickBooks Online tutorial you'll learn how to use list reports along with:

- Discover some commonly used list reports
- Look up information about your customers, vendors and employees
- Use list reports to find transactions and people you do business with

Saturday, July 28, 2018

Give Yourself More Mental Clarity


Our lives are jam packed these days – and so are our minds. From worries and to-do lists to simply thoughts about work and home, our brains are so jumbled there is no room for what’s necessary, let alone creativity.

When we allow “stuff” to clog our brain power, we lose clarity and focus; and that results in lost opportunity. You must do your best to avoid this, and clear you mind for success and happiness. According to Brian Tracy, the best way to give yourself more mental clarity is to have a plan.

Wednesday, July 25, 2018

The Top Reasons Your Business Will Benefit From Outsourcing Bookkeeping Services


When you are operating a business, you already have a lot of responsibilities on your shoulders. Your main focus is to keep things running smoothly and to make a profit. Maintaining the record books is something that you may not always have time to do. There are plenty of bookkeeping service companies out there that can help make sure you get all of your paperwork done properly so it doesn't pile up.

Even if you have the time to take care of your records, doing so is probably your least favorite task. It is time consuming, it requires you to sort through piles of paper, and you cannot focus on where you are needed when you are stuck behind the desk. By hiring out bookkeeping services, you can take advantage of all the benefits that go along with having someone else take care of this daunting job.

You may have avoided hiring bookkeeping services because you did not want to load up all of your documents and take them to a provider every week. You also could not afford the cost that goes along with having an accountant or professional come to your office. Now, with technology and the Internet, one option is to get all of your bookkeeping done online.

By having someone else take care of your records, you are going to have more time to focus on the rest of your company's operations. This may be the number one benefit to outsourcing this job. You know that time is money and you never seem to have enough of it. The small fee associated with hiring a professional bookkeeping agent is going to be nothing compared to the free time you get out of it.

When you hire a full-time or even a part-time accountant to have on the payroll, you are going to acquire costs that are associated with having an employee. When you outsource your bookkeeping services to one of these online outlets, you are only paying for the services you use when you use them. In the end, you are saving your business a lot of money.

Another reason to outsource your bookkeeping services is so that you have the experience of record keeping working for you. The knowledge that you need involving record keeping will always be available to you without you having to pay the full cost of hiring a professional accountant. This makes you more available to spend the time necessary to properly staff your employees and take care of your work.

An outsourced bookkeeper is going to be able concentrate more on their job when they are located in their own working environment. Instead of an office staff member getting caught up in the busy day-to-day operations of your company, they will be able to spend the time necessary to complete the record keeping work they need done so you get the best results.

You can have an HR manager, secretary, or other employee take care of your records for you. However, this puts more pressure on them and also gives them access to funds and other information you may rather keep private. You can avoid possible fraudulent activity by having a third-party professional keep track of all your paperwork.

The outsourcing businesses that are out there specialize in keeping records. With this being their main focus, they are going to spend the time and resources to get the best software available to do their job. In turn, you are going to receive the benefits that go along with the most updated systems.

There are plenty of benefits to outsourcing your bookkeeping. By becoming aware of what they are you can make a more educated decision on whether it is the best option for your business.

Article Source: http://EzineArticles.com/expert/Matthew_M_James/2187977

Article Source: http://EzineArticles.com/9357990

Sunday, July 22, 2018

How To Send an Invoice with a Pay Now Option | QuickBooks Desktop Payments


QuickBooks Payments lets you get paid the quick and easy way. Email your customers an invoice with a Pay Now option and let them pay you on the spot.

Thursday, July 19, 2018

The Power of Persuasion


Your ability to persuade and influence people to help you get the things you want in life is one of the most important skills you can develop. Learn more from Brian Tracy in this video.

Monday, July 16, 2018

Add a Pay Now Button to Your QuickBooks Invoices


Smart Invoicing from QuickBooks makes it easy to get paid fast, with pay-enabled invoices that let your customers pay their way.

Friday, July 13, 2018

Laurel Glass & Mirror Inc. Case Study



Company : Laurel Glass & Mirror Inc.

Website : www.laurelglassandmirror.net


History : Laurel Glass and Mirror Company established in the heart of Main Street historic Laurel, Maryland in 1983. For the past 35 years, the company has been family-owned and operated and is in its third generation of management. Old-fashioned customer service and friendliness has been the heart of company core values you feel when you walk through the door and are greeted by the family English bulldog. The company provides commercial and residential glass and mirror products, custom cuts, shower doors, storefronts and many other products.

Business Challenge : The company was using QuickBooks Enterprise to manage their business, but were discouraged by the lack of information populating job cost reports to help it determine profitability of commercial and residential projects.

The available job costing reports showed zero costs per job. Raw materials for their custom cut glass jobs were purchased in various large sheet sizes, but sold by square foot. Those costs were not showing in any job costing reports. Annual journal entries made by their accountant to adjust purchases and inventory assets to the end of year inventory count did not provide sufficient real-time data to determine whether or not jobs were profitable, and worse — were not allocated to the jobs completed.

Additionally, labor costs that were a large component of their overall production costs and were not applied to the jobs. Paper timecards for 19 employees were hand-entered and weekly payroll was a chore that took almost a whole day including journal entries.

The company reached out to Turn Key Office for help.

Solution : Based on the client’s goals, we made a conversion to QuickBooks assisted payroll with job costing. We implemented an off-the shelf software product that provides electronic time keeping that is integrated with QuickBooks timesheets and payroll.

Now, employees use their smartphones to simply clock in and out to the work orders. Payroll and timekeeping become a breeze taking only a few minutes. As an added benefit, labor costs are allocated to the jobs, there are no journal entries and no more paper timesheets!

Next, Turn Key Office helped explain how job costing and inventory management goals can be achieved by utilizing units of measure to track sheets of raw materials purchased by the “sheet” and consumed by the square foot. We implemented embedded conversions to the various sheet sizes procured and mapped them to square feet for accurate inventory reports.

We also helped educate the team on the proper use of inventory and non-inventory item types and how job costing is accomplished with each type of item. We made choices of the effective use of each item type based on the type of sales transactions, set up the items appropriately, and made adjustments to represent on-hand quantities.

Conclusion : Now, the books accurately reflect the inventory on hand. And, the management team has the real-time job costing reports it needs to help identify and grow the profitable parts of the business, and they spend much less time on bookkeeping tasks!

Tuesday, July 10, 2018

How to Take Care of Yourself


Today we live in a fast paced world, where everyone around you is constantly bombarding your time and attention. This constant state of hustle can leave you exhausted and burnt out at the end of a week. You must focus on taking care of yourself first.

Saturday, July 7, 2018

How to Record Spending: Transactions, Bills & Payments | QuickBooks Online 2018 Tutorial


In this QuickBooks Online tutorial you'll learn how to record spending along with:

- Learn the different ways I can record my spending
- Choose the way that's best for me
- Teach QuickBooks to record and categorize my spending for me
- When I need to record transactions vs. when QuickBooks can do it for me
- Enter bills (invoices) from vendors who give me time before I have to pay
- Learn the difference between bills, bill payments, expenses, and checks in QuickBooks
- Enter expenses correctly based on the method I choose

Wednesday, July 4, 2018

Sunday, July 1, 2018

Morning Routines of Successful People


Few hours of the day are more important than the early morning hours. These hours when you first wake up set the tone for the rest of the day, affecting your mindset and productivity during all the hours that follow them.

In this video Brian Tracy talks about the importance of these early morning hours and the reason why some of the world's most successful people carefully craft morning routines designed to help them start the day off right and make the most of the hours that follow. If you would like to start each day in the best way possible, consider implementing some of these proven morning routines into your morning schedule.

Thursday, June 28, 2018

Consolidate Reports for Multiple QuickBooks Files


How to manage cash and payables for a large number of QuickBooks Enterprise files with consolidated reporting when Advanced Reporting lacks flexibility.

For more information, please visit https://www.turnkeyoffice.net

Monday, June 25, 2018

How To Save More Aggressively in Your 30s & 40s


Brittney Castro shares the BEST things you can do to start saving more aggressively—no matter what age you are.

Friday, June 22, 2018

Create Positive Pay NACHA File from QuickBooks


How to use QuickBooks reports and an Excel macro to create a Positive Pay compatible file

For more information, please visit https://www.turnkeyoffice.net

Tuesday, June 19, 2018

Why Failure is Good for You


In this video Brian Tracy gives you tips on how to accept failure and use it to propel you to even greater success. Failing can be better for you in the long run, as it spurs you forward and fans the flames for better success in the future.

Saturday, June 16, 2018

Case Study for Carefree Recreation Boat Club

At Turn Key Office, we delight in using QuickBooks as a component tool of a more comprehensive business solution. We take pride in understanding our clients’ unique business challenges and in implementing solutions that often extend well beyond the basic capabilities of QuickBooks. The case studies below illustrate some of these challenges and solutions for vastly different industries.



Company: Carefree Recreation Boat Club

Website: www.carefreeboats.com

History: Carefree recreation offers annual membership and access to a wide variety of recreational boats in marinas throughout the United States. Their slogan: “Boating without Owning! It’s about Time” says it best, as clients throughout the United States enjoy all the benefits of being a boat “owner” without the maintenance, storage fees, insurance and hassle of owing, weather and docking. For a reasonable monthly fee, members can enjoy premium access to boats at a time and location of their choosing.

Business Challenge: To maintain member billing, the owners Jessie Clark and Doug Zimmerman kept membership start/stop dates in a spreadsheet and manually entered monthly invoices into QuickBooks. Each month, the member’s service expiration date is checked and an invoice mailed for the monthly dues if appropriate. Each payment was processed through Intuit payment network if the member had a payment method on file.

In addition to being time consuming, the owners felt they were held captive to Intuit merchant prices and wanted to make sure the merchant fees they were paying were market-competitive.

Another challenge Jessie and Doug faced was how to delegate bookkeeping tasks on payables without delegating check-signing authority. Like many business owners, controlling who, when and how much vendors are paid is an important part of managing cash flow and preventing fraud. They desired a more flexible solution that would also accommodate travel and temporary relocation overseas and examine vendor invoices before making payments. In short, they needed to make sure they remained an effective and integral part of the day-to-day activities of their business while they could not be in the office.

They turned to Turn Key Office for help.

Solution: Based on the growth of her business, we converted the company data file to QuickBooks Enterprise on our back office server so Jessie and Doug could have 7×24 access from any internet connection. Instead of a spreadsheet, the monthly memberships were set up as memorized transactions with expiration dates set up for each member so invoices would automatically generate for the right periods and amounts.

Additionally, we helped setup Intuit Bill Pay and established a dedicated email box for their vendor invoices. Turn Key Office staff is able to post the payables each week, and add electronic images of all bills received to the bill copy in QuickBooks. Jessie and Doug retain full control (via a secure PIN) over which vendors are paid – when – and how much. As an added bonus, bookkeeping is minimized because payments are posted directly into QuickBooks immediately as they are paid.

Next, we looked at the merchant solution. We love the integration of merchant payments with QuickBooks and its ability to eliminate redundant data entry. However, the solution does not allow clients to shop for competitive merchant providers. We located and implemented a third-party software solution called Fi-Soft that drops payments seamlessly into QuickBooks, but “back-ends” into any merchant using a compatible gateway. Thus, we were able to create the best of both worlds – merchant integration with QuickBooks, virtually zero data entry, and competitive rates. As an added bonus, the solution helps with security because NO sensitive payment data is stored on the host network or in the QuickBooks file.

Conclusion: Jessie and Doug now have peace of mind they are able to manage all of their payables, billing and competitive merchant fees with one platform. The platform accommodates their busy schedules allowing them to travel and manage marinas throughout the country. Payables and client payments “auto-post” and are up to date in real time. Their effectiveness using hosted QuickBooks with Intuit Bill Pay and Fi-soft integration allows them to focus on other important aspects of growing their business.

Wednesday, June 13, 2018

Join Turn Key Office at Scaling New Heights 2018 in Atlanta!


Scaling New Heights
June 17-20, 2018
Turn Key Office - Booth #80
Georgia World Congress Center


Each year, the Scaling New Heights® Conference offers a wide range of product training and practice development training. And…each year we introduce a highly relevant and high impact theme. At the 2018 Scaling New Heights Conference the theme is “Tame the Machines.” This year, we will design some of our breakout sessions and main stage presentations to address an imminent and unprecedented technology shift impacting accounting professionals. New and enhanced technologies like data automation, machine learning, and artificial intelligence are reshaping the way professionals perform services and are creating a powerful opportunity for accountants to reduce manual processes by as much as 80%. Those who fully leverage the technologies will increase profits, position their firms to scale, and generate a competitive advantage within the accounting profession. Join us in Atlanta in June 2018 to “Tame the Machines!”

Sunday, June 10, 2018

The Best Way to Accept Constructive Criticism


Criticism, even if it's constructive, can sometimes sting. However, constructive criticism is also incredibly valuable, enabling you to hone whatever it is you are working on and improve it for the better. The next time you receive constructive criticism, keep these tips in mind.

Friday, June 8, 2018

KOL Foods, Inc Case Study

At Turn Key Office, we delight in using QuickBooks as a component tool of a more comprehensive business solution. We take pride in understanding our clients’ unique business challenges and in implementing solutions that often extend well beyond the basic capabilities of QuickBooks. The case studies below illustrate some of these challenges and solutions for vastly different industries.



Company : KOL Foods, Inc

Website : www.kolfoods.com

History : KOL Foods formed in 2007 with a groundbreaking effort to produce the first kosher, organically raised, local, grass-fed meat. Founder and CEO, Devora Kimelman-Block, established a three-pronged partnership with a synagogue in Washington, DC, a slaughterhouse and a local farmer to produce the meat. Scores of kosher consumers, who until then could only buy kosher meat raised in confinement, were eager for this product. In just its second offering, the company generated sales for more than 2400 pounds of beef though a single email. Jews from 14 different area synagogues, ranging from Reform to Conservative to Orthodox, purchased this meat.

Today KOL Foods ships to the entire continental United States and produces the only domestic, 100% grass-fed, kosher beef and the only organic-fed, pastured, kosher chicken and duck in the United States. Each and every day, they strive to be the most transparent kosher meat company on the planet. That way, customers don’t have to choose between eating according to their values and keeping kosher.

Business Challenge : KOL Foods quickly outgrew QuickBooks Premier as they added scores of new clients, products to their custom-designed website and as word-of-mouth spread.

In addition, her current bookkeeper used QuickBooks Premier, so Ms. Kimelman-Block had no real-time access to payables to predict cash flow and manage her vendor payments. Data files were transferred from the bookkeeper, to Ms. Kimelman-Block and then to the CPA and back. Cash flow management was not available. Vendor payments were completed with hand-written checks, and then sent to the bookkeeping service for entry.

Most importantly, there was no integration between their custom designed website order system and QuickBooks, so Ms. Kimelman-Block had to rely on insufficient and untimely data to make decisions about inventory to meet her clients’ needs. Her prior bookkeeping service hand-entered every order from the website into QuickBooks. With orders as high as 50,000 items in a single month, her current bookkeeping procedures left her books six months in arrears.

She reached out to Turn Key Office LLC for help.

Solution : Based on the growth of her business, we converted her data to QuickBooks Enterprise on our back office server and setup Intuit Bill Pay.

We provided a dedicated payables email box for her vendors so that our back office team could post all of her payables and attach the backup for each vendor bill. Ms. Kimelman-Block retained sole control of when, whether and how much each vendor was paid with a clear view of available and committed cash on hand. As an added benefit, she could continue to manage her payables even while travel requirements took her away from home.

Most importantly, we devised a workflow and a tool using off-the-shelf software where weekly sales orders and merchant sales are imported seamlessly into QuickBooks. The data that used to take months to hand-enter is now completed in the span of a few hours from start to finish. Ms. Kimelman-Block has full real-time access to her books, the CPA also has access, and she has full control of all payables.

Conclusion : The critical reports she needs to manage her business effectively are available within a day or two of closing the month. The procedures are accurate, consistent and timely. Ms. Kimelman-Block can turn her attention back to serving her customers and growing her business.

Friday, June 1, 2018

Remove Your Limiting Money Beliefs


You might be operating from an old, worn-out, not-so-good-for-you mindset. And this might be humming through your life so low-key that you don’t even know that it’s happening.

You’ve probably already heard about changing your mindset before when it comes to your self esteem or daily practice. This concept can ALSO rework your money energy by changing your core beliefs.

Saturday, May 26, 2018

5 Accounting Tips That Will Help Your Small Business


Running a small business means staying focused on your finances. Without proper management of receivables, marketing expenses and even debts, you could end up sinking the small business before it even starts to grow. Luckily, there is always something you can do to ensure that such risks are prevented. You can create and implement simple bookkeeping strategies to save your business and help it grow to its full potential.

1. Weigh your options

Is it better to get a bookkeeper or can you handle accounting by yourself? This is the question you should start by asking yourself before anything else. Cutting costs is definitely what you are prioritizing as a small business, but helps to handle what you can and leave experts to do what they do best. You can hire accountancy services to help you get your finances in order without spending too much on the services. There are numerous accountancy firms today and most offer all sorts of accounting services at affordable rates so you can easily get what you need as a small business.

2. Separate accounts receivables from borrowed funds

Financial backing or loans are beneficial to small business to aid marketing campaigns and even capital among other things, that the business needs in the initial stages. Get organized and keep the loans separate so they do not appear in your receivables because then you can easily get confused as to what is yours and what you need to pay back. There are very good easy to use software you can use for this task to keep everything organized and clear to you.

3. Keep an eye on your balances

Large amounts on your receivable column can be a good thing indicating that your business is doing well, but it is a different case when the money does not end up reflecting in your business account. Clients can be tricky and can avoid payments and when this happens regularly then your business remains at risk. Put in strict policies or terms so that you are able to receive due payments at the right time. You might be desperate to get clients, but you can't do it at the expense of your growing business; if you must refuse to give more services or materials until pending payments are made.

4. Keep track of your daily expenses

Everyday expenses records are very important for all kinds of business, but more so the small businesses. Keeping track of your daily expenses does not only help in clearly knowing where your money is but also puts you in a better position to budget for the weeks ahead.

5. Know your minimum monthly profit

Even the smallest businesses require running strategies and when you have an accurate system in place, then you will manage to keep things in order. Calculate your expenses and regular obligations so you know the minimum income needed every month. Have a target in terms of how much you should earn every month, so the numbers don't get too confusing.

Article Source: http://EzineArticles.com/expert/Jovia_D'Souza/2007086

Article Source: http://EzineArticles.com/9319403

Wednesday, May 23, 2018

Tax Savings Tip: Advertising Expenses


Mariette Martinez reviews when an advertising expense is deductible for real estate professionals.

Sunday, May 20, 2018

Millennial Financial Habits


Are the spending habits of millennials good or bad? In this video I'll give you financial examples of how millennials save & spend their money. Should they be saving more money for retirement & investments, or do they have better finances than everyone else?

Monday, May 14, 2018

How to Stay Motivated When Stressed


For many people, stress is a familiar foe. At some point or another, almost all of us get stressed out. However, if stress builds it can become a real problem, not only killing our motivation but also leading to some real health consequences. To beat back stress and stay motivated come what may, consider these tips for staying motivated when stressed.

Friday, May 11, 2018

Tax Savings Tip: Home Office Deduction


Do you know when you can deduct your home office space? Mariette Martinez covers that in this video so you deduct correctly.

Tuesday, May 8, 2018

Things to Look For in a Bookkeeping Service


A business owner has a multitude of duties in running their company. If it is a small business, chances are that the owner is doing a bit of just about everything including hiring, firing, tending to customers, stocking inventory and handling the financial books.

A larger company may have someone on staff that tends to the ledgers but employee turnover can lead to constant headaches and retraining. If this important chore is turned over to a service which specializes in just this, it can certainly streamline the workings of a company.

Things to look for when you're thinking of outsourcing your accounting include:

- Reputation: How long has this bookkeeping service been in business? How many clients do they serve and for how long? Can they give references? Getting a word of mouth referral from another business that is similar to yours is quite helpful.

- Experience: Do they have experience working with companies such as yours? Small or large, dry cleaners or telecoms, each type of business requires specific knowledge.

- Credentials of their staff: Who exactly will be working on this highly sensitive part of your company? What is their training? Has their background been checked out to assure their trustworthiness? Is a certified accountant overseeing the work?

- Cost and services included: There is a smorgasbord of services that may be offered, including payroll, state and federal tax preparation and payments, property taxes. What, specifically, is offered in each accounting package? How much can be accomplished online?

- Are they familiar with the tax laws in your state? Each state has a different set of tax laws. Make sure that the company you select is familiar with the rules and regulations in your particular state.

- Will they represent you in case of an audit? In case of a tax auditing of your business, will they prepare the paperwork and documents that you will need? Are they knowledgeable enough to back you up if necessary?

- Turnaround time: How long will it take to get paychecks to your employees or your company's taxes properly filed?

- User Friendly: Are they available when you have questions? Do they have adequate staff to help you when you need them? Are they able to explain their practices and procedures in a satisfactory manner? Do they seem like an easy fit and a company you'll feel comfortable doing business with? Along with everything else, compatibility is an important component of a successful business relationship.

Article Source: http://EzineArticles.com/expert/Andrew_Stratton/83489

Article Source: http://EzineArticles.com/2835814

Saturday, May 5, 2018

The Power of Networking


It's often been said that success is a team sport. It's not just what you know, it's also who you know. And while you may be able to create tremendous success on your own, traveling the path of success with others makes the journey more enjoyable.

Plus, the added accountability will propel you to success faster (and further) than you originally envisioned. In this video Jack Canfield talks about the power of networking as well as how you yourself can leverage that power in your career.

Wednesday, May 2, 2018

How to Use Reports: Understanding When to Use the 3 Types | QuickBooks Online Tutorial 2018


In this QuickBooks Online tutorial you'll learn about when to use the three types of reports including:

- Recall data quickly with list reports
- Analyze numbers and data with detail reports
- Make large amounts of information more readable with summary reports

Sunday, April 29, 2018

3 Ways to Deal With Difficult People


Have you ever found yourself dealing with difficult people? People who are hard to get along with? I want to give you three strategies to deal with difficult people. It starts with the acronym H.U.G.:

1. Hear them.
Step back and really hear what they’re saying, and then ask them, “Here’s what I heard you say. Is this what you meant?” Once they know that they’ve been heard, could it be that they may shift their behavior?

2. Do the uncommon thing.
Let them know that you care. Empathize with them. Let them know, “I understand where you’re coming from.” That doesn’t necessarily mean you agree with them, but to be there in that moment says to them, no one else has taken the time to go above and beyond—but you do, because you are uncommon.

3. Guide them.
Sometimes difficult people can project what is happening in them on you. If you don’t guide a person in how they should treat you, they will mistreat you. Really understanding how to guide a person in how they talk to you, how they engage with you, ensures that in a very difficult situation, you can remain respectful and honorable, but not allow them to use you.

Thursday, April 26, 2018

Bookkeeping Service - Know What to Look For


Outsourcing your tax and bookkeeping needs to a professional service can be a great way to save yourself and your company lots of money and time. It can also be a disaster if you do not carefully screen the potential bookkeeping services and find one that is competent and qualified.

There are several personality traits that are associated with excellent bookkeepers and you should try to find a service that employs people with these skills and talents.

For starters, a good bookkeeping service will have individuals on staff that is passionate about what they do. That means that the bookkeepers love dealing with numbers and math. They should have a great grasp of the relevant mathematical concepts and love finding the errors in sums and calculations.

Another important quality for good bookkeepers to have is a penchant for details. This requires looking over and paying attention to Lots of details, and it those details that will make a big difference in whether your company gains or loses money. You want to choose a bookkeeping service that employs people who are good at reading the fine print, and sorting out the important and necessary information from the irrelevant data.

Using time effectively is also an essential characteristic of a top quality bookkeeping service. Since you are paying the service to take care of your books and ultimately save you money, you should expect the bookkeepers to know how to efficiently manage their time to make the most of your money.

This means that they must be able to prioritize all the required tasks and be able to give full attention to each task at a time. They should also plan enough time into their schedule to look for problems and mistakes and to fix or solve them. An especially good service will require its employees to keep an audit of their own time spent on your accounting projects.

Technologically Savvy

Fortunately, most of these services today are technologically savvy because they have to be in order to be competitive. The nature of business and finance today is all electronic and automated, so it is important to find a bookkeeper who is up to date with all the pertinent software.

It also helps if he or she is well versed enough in technical things in order to be able to troubleshoot any problems that come up. Finally, the right bookkeeping service will keep a full staff of very analytically-minded employees. This means they are able to review all the information and data from your business and understand the big picture and how each component of your finances affects the others.

They should be able to offer advice for future bookkeeping and financial decisions based on all the information they analyze. The best way to find a service with all the right qualities is to conduct in-person interviews and ask specific questions that will help you detect the presence or absence of the required characteristics.

After interviewing several bookkeeping services, you should be able to narrow it down to the one that seems most aware of the essential qualities needed to effectively take care of your finances.

Article Source: http://EzineArticles.com/expert/Andrew_Stratton/83489

Article Source: http://EzineArticles.com/2380439

Friday, April 20, 2018

How to Save Money Quickly!


Brian Tracy shares tips on quick and easy ways to save money and live below your means. If you want to change your future by saving money, take action and take action now.

Tuesday, April 17, 2018

Saturday, April 14, 2018

5 Money Moves


Whether you are a super busy mom, entrepreneur, or boss lady of any kind, these 5 MONEY MOVES from Brittney Castro are easy to put into place and will get your fire turned up to high.

Wednesday, April 11, 2018

How to Use Forms & Lists: QuickBooks Online 2018 Tutorial


In this QuickBooks Online tutorial you'll learn how to use forms and lists along with:
- Quickly understand the layout of a typical transaction and what buttons do or areas mean
- Learn common principles and actions on different forms that I can apply to save time in the future
- Learn and record the 4 basic things I should capture on every transaction
- Add, edit, delete, and merge things on lists...and learn how lists work and save me time

Monday, April 9, 2018

How Accounting Services Can Help a Small Business


Accounting services aren't just for multi-million dollar corporations. From startups to established family businesses, using an accountant to keep track of income, expenses and taxes can help any company reach its potential. Here are five reasons for any business to consider outsourcing their bookkeeping to a premier accounting provider.

1. Free Up Employees

A company may not have enough paperwork to justify a full-time accounting position. However, when non-accountant employees have to split their time between balancing the books and performing their other duties, they are unable to be as effective as employees who only have to concentrate on one job. By hiring a financial management firm to take care of their accounts, the company allows employees to do the jobs they were hired for.

2. Ensure Accuracy

Keeping up with accounts payable, accounts receivable, tax documents and other financial information can be complicated. Good accounting services employ Certified Professional Accountants, or CPAs, who are licensed and highly trained. By employing a numbers expert, a company is helping to ensure the accuracy of their books. This can help avoid costly mistakes that may lead to litigation or even the closure of the business.

3. Stay Up-To-Date

Tax laws and local regulations change frequently, and it can be hard to keep track of all the updates. Also, if a business is growing quickly, it can be difficult to keep track of the different laws that may apply at different stages of growth. A company can help ensure they stay in compliance by employing a dedicated firm whose sole responsibility is understanding these regulations. The accountant can make recommendations to the business owner about any changes that need to be made or upcoming financial legislation that may be relevant.

4. Limit Liability

Many accounting services provide some guarantee for their work within the initial contract. This means that if discrepancies occur, the service provider will be liable for any mistakes that are found. However, financial disputes can tie up working capital for long periods of time, so it's still important to do due diligence and choose a firm with a good reputation and solid experience.

5. Plan Ahead

Financial experts will understand all sides of a company's financial picture, including upcoming budgets. Expert financial analysis can help create a more balanced budget, making it easier to plan future expansions or, if necessary, cutbacks. With proper forecasting, a business will be more likely to have appropriate inventory on hand, have enough funds for payroll, and pay enough quarterly taxes, to name a few examples.

With these tips, a business owner can see why it's important to outsource their bookkeeping to a professional service provider.

Article Source: http://EzineArticles.com/expert/Andrew_Stratton/83489

Article Source: http://EzineArticles.com/9697644

Thursday, April 5, 2018

Networking for Introverts


Networking can be a challenge for introverts and people who are not comfortable with big crowds and interacting with strangers. However, there are plenty of traits common to introverts that set them up for success in networking. Brian Tracy shares a few tips for introverts to take their networking to the next level.

Monday, April 2, 2018

Accounting Terms You Need to Know | QuickBooks Online 2018


In this QuickBooks Online tutorial you'll learn accounting terms along with:
- Learn the definitions for account types
- Understand common accounting terms, such as Accounts Receivable and Accounts Payable

Friday, March 30, 2018

How to Set Great Financial Goals For 2018!


In order to achieve your 2018 goals, you must first set them. Setting great goals is proven to be an essential factor in finding financial success.

Tuesday, March 27, 2018

Three Reasons Why Businesses Need to Use Bookkeeping Services


Along with actually running the day-to-day operations of a store, franchise, or company, there is also the financial paperwork, which has to be completed just right or you could face serious legal consequences. Owners need to keep track of expenses, salaries, profits, insurance, taxes, and tax breaks. The best way to handle these details is to hire professionals. Here are three reasons why bookkeeping services can help you.

Accuracy When It Matters

First off, unless you have a CPA license, bookkeeping services will handle your accounting more accurately and promptly than if you attempt to do it yourself. Trained professionals complete this type of work every single day and can focus on each and every detail. Depending on the type of business and size, there are certain accounting methods that can be utilized to maintain records. Private firms can analyze your company and figure out which organization method will be most accurate for your finances. You will always have an up-to-date idea of how your business is doing financially, and what you can and cannot afford. Furthermore, a firm can complete these tasks quicker than the average owner.

Save Valuable Time

Secondly, doing your own accounting and tax filing takes time. In some cases, it takes a lot of time. The time it takes you to crunch numbers can impact the day-to-day operations of your company. Bookkeeping services can take this extra work off of your plate. This will allow you to focus your energy on your overall vision for your store or company, rather than on the little details. So while a professional firm may initially seem expensive, you must consider how much more money you can bring in by not spending hours every week on your books.

Avoid Potential Conflicts

Hiring bookkeeping services is ideal if there are any potential conflicts of interest. If your company is a partnership or has a complex business arrangement, there could be multiple parties with an interest in your venture's accounting. By bringing in an outside firm, all partners can be assured that the numbers come from an independent source with no preference. Along with ensuring you receive the correct numbers, this will also help prevent any potential suspicion between partners.

In short, hiring bookkeeping services can be an excellent way to keep your business running smoothly. When tax season comes around, having kept accurate records will make filing your returns much easier, which is one less thing a business owner needs to stress about.

Article Source: http://EzineArticles.com/expert/Abraham_Avotina/663190

Article Source: http://EzineArticles.com/9288318

Saturday, March 24, 2018

How to Navigate QuickBooks Online 2018: Menus, Transactions & Set Up


In this QuickBooks Online tutorial you'll learn how to navigate the software along with:

- Confidently and quickly move around and find what I need
- Understand what I see in different areas of QuickBooks and how they relate to each other
- Understand the difference between (and when to use) the Navbar, Create menu, and Gear menu
- Enter new transactions, find historical ones, and change company info and settings
- Enter everyday transactions vs. perform periodic tasks

Wednesday, March 21, 2018

How to Recover from Being Burned Out


When bad days stretch on and on, you may be heading for burnout, or you are already there. Brian Tracy explains how to restore motivation after a burnout from unrelenting stress.

Sunday, March 18, 2018

How to Enter Products and Services in QuickBooks


Need to enter information about your products or services into QuickBooks? Here's how to add it, or import it from an Excel spreadsheet.

Thursday, March 15, 2018

Bookkeeping Services - Let a Professional Handle Your Accounts


Many use bookkeeping services, especially if they have companies or organizations. Before using this sort of company, make sure it is reputable and follows all rules and guidelines.

Those who have bookkeeping companies help record the value, assets, liabilities, income and expenses in a ledger or journal. The individual will post entries debit and credit entries chronologically in the journal. Those who have companies or organizations usually need bookkeepers. Others decide to use individual or family bookkeepers to track the income and expenses of the family using a register.

Before, these professionals did their services using a paper and pen but now there is advance software which can help with bookkeeping. Many people either use a single entry or double entry system. A single entry system uses information found in the income and expense account while a double entry system forces the individual to post the entry twice as either a debit or a credit. An accountant on the other hand prepares the income state and balance sheet using information prepared by a bookkeeper.

There are also online booking companies, which have become very popular recently. Online bookkeeping allows your information to be kept and tabulated on the web. This will allow you to choose a bookkeeping company that does not necessarily live in your immediate area but somewhere else, as long as they have access to your paperwork and receipts regularly.

If you are a company who has a lot of mobile employees, they can scan and send receipts to the remote place and get reimbursed quickly. Also you if you have more than one office, online booking can be ideal. Most entries made are recorded and stored remotely and you can access the software anywhere in the world and check all of your entries.

If you decide to use bookkeeping services, ask your friends, professional peers or relatives if they have any recommendations. Before hiring anyone, make sure they have years of experience in the field and can provide you with references which you can call. Rates for bookkeepers can vary depending on the experience of the individual, the location of the business and the software used so make sure you use someone who is in your price range.

If you use an outside company to handle your accounts, you may save money in the end. If you are a small business, you do not need full time employees who handle your journals which mean you can save on payroll as well as overhead costs, which can free up your schedule and allow you to focus on important things instead of bookkeeping problems. You can allow professionals to handle your needs who can produce desired results efficiently and effectively.

If you choose to hire a company who specializes in bookkeeping, make sure you investigate them thoroughly to make sure they can meet your goals and expectations. Ultimately a good bookkeeping company can handle all of your bookkeeping needs and allow you time to focus on developing and running your business.

Article Source: http://EzineArticles.com/expert/Andrew_Stratton/83489

Article Source: http://EzineArticles.com/1879380

Monday, March 12, 2018

QuickBooks Desktop Point of Sale Demo: 'Ring Up Sales, Track Customers, & More' | 2018


Get a tour of QuickBooks Desktop Point of Sale. We'll show you how to ring up sales, keep track of customers, manage your inventory, and get all the key insights from your Point of Sale to your QuickBooks.

Friday, March 9, 2018

Five Reasons Why Businesses Should Hire Accountants


For many small-business owners, taxes are a point of stress. Changing guidelines and regulations can make the process of filing a difficult process for small-business owners, but hiring an experienced team of accountants can take the worry and stress out of tax season. Here are a few signs it's time to hire an accountant.

The Business Is Growing

All owners strive to have a growing business, but this can spell confusion come tax time. As revenue increases, tax liability increases. However, the number of deductions the business may qualify for can increase as well. An experienced team of accountants can help determine which deductions will benefit the business and make recommendations for future deductions based on the projected growth of the company.

Managers Are Too Busy for Bookkeeping

The path towards proper tax preparation depends upon accurate bookkeeping. If the enterprise is too busy or growing rapidly, an accountant can help with bookkeeping. The right firm will be able to keep track of the books so the managers and owners can devote their time to growing their client base. The more time they can spend on operations and management, the better the company can function.

Profits Aren't Increasing Along with Revenue

An increase in revenue does not automatically mean an increase in profits. Accountants do more than handle tax preparation-they examine overhead costs and look for areas of improvement. If they see a particular expense that can be eliminated or reduced, they'll advise the company.

Demanding Investors

Investors place their money in a company if they believe it will be successful, but their support is often contingent on a degree of involvement. Many investors expect the owner to provide them with professionally prepared financial statements. These statements should give the investors an idea of the company's performance, the way their contributions have impacted the business and if they can expect any returns on their investment. Unless the owner or management team is familiar with preparing these statements, the process can take a while.

The Government Requests an Audit

Audits strike fear in the hearts of many taxpayers, and when individuals are unprepared for them, it can seem like the most daunting part of being a business owner. A team of financial professionals who are familiar with the audit process can help companies navigate the process, reducing the stress associated with government audits. Best of all, they understand the tax code and will work to make sure the audit is done correctly.

When companies are starting out, they may struggle to keep up with the financial expectations required by the government. For financial professionals, the goal is to help the business be as successful as possible by reducing the strain and stress associated with bookkeeping, taxes and financial records. Owners should be able to focus on running and growing their client base, not on keeping track of expenses and overhead costs. A dedicated team of financial professionals will help operations of any size continue to grow and thrive.

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