Accounting Resources

Class tracking is a powerful feature in QuickBooks Online (QBO) that allows businesses to categorize income and expenses according to different parts of their operations. This feature is useful for analyzing profitability across different areas within each account, such as departments, properties, product lines, service lines, or even manufacturers. Here’s... Read more

How to Create a Smart Business Budget for 2025 Inadequate management and financial hurdles are two of the most common reasons over 595,000 small businesses close each year. A smart business budget can mean the difference between meeting KPIs and goals and being unable to cover overhead expenses. What is... Read more

Law Firm Bookkeeping: Setting Your Books Straight in 2025 Proper law firm bookkeeping ensures accurate, error-free books, helps you stay in compliance, and enables you to plan for the future. If you’re one of the 70% of small businesses that don’t have an accountant or bookkeeper, you need to address... Read more

Categorizing transactions is one of the most essential components of managing financial activity in QuickBooks Online (QBO). Advanced categorization gives you many options to keep your records well-organized, and ensures that your company’s financial data is recorded in a way that is both accurate and useful. Although QuickBooks offers multiple... Read more

QuickBooks Online (QBO) is one of the most popular accounting software platforms available today. It’s widely used by many businesses to manage financial transactions, track expenses, and generate reports that offer insights into the business’s financial health. In prior blogs, you have seen what it can do, but let’s take... Read more

6 Benefits of Up to Date Bookkeeping Up to date bookkeeping helps your business run smoothly. If you’re not maintaining your books, you’re always at risk of falling behind. Lapses in your books can cause you to: Go over budget Miss out on key deductions Stress out before you’re taxes... Read more

How to Automate Your Bookkeeping Bookkeeping is the one task companies ask us to automate. You can find tools and software that can help you put some tasks on autopilot, but you’ll want a human to overlook things and make sure your books are all in order. You can use... Read more

Effective management of an accounting department involves more than simply tracking finances; it requires a robust workflow management system to ensure tasks are completed on time, correctly, and efficiently. A key strategy in achieving this is scheduling work at regular intervals. By scheduling tasks, organizing workflows, and using the right... Read more

One of the most critical components of financial control in any business is the separation of financial duties. This practice not only reduces the risk of fraud but also ensures that no one employee has control over the entire financial process. By dividing accounting functions into smaller tasks and assigning... Read more

What Is Billable Expense Income In Quickbooks Online? Accounting errors can lead to costly mistakes, but what about not knowing that you can deduct certain expenses? If you’re using QuickBooks Online, you may be missing out on an important feature: billable expense income. What is billable expense income in QBO?... Read more

Q4 Bookkeeping Tasks in 5 Easy Steps The fourth quarter (Q4) is the perfect time to get your books in order. Bookkeeping tasks need to be completed because your year-end accounting will set you up for a successful year ahead. If you’re doing your books on your own, be sure... Read more

In the world of accounting, having clear and defined fiscal policies and procedures is so important for preventing fraud and enhancing departmental operations. By documenting every detail of your accounting processes, you not only protect your organization against potential threats but you can also streamline tasks, making them more efficient... Read more

Fraud in financial transactions is a constantly evolving threat to companies worldwide. The Association of Financial Professionals (AFP) and the Association of Certified Fraud Examiners (ACFE) provide informational reports that offer important insights into payment fraud and occupational fraud. The latest data highlights the persistence and evolution of fraud tactics,... Read more

What is Month End Close and Why Is It Important? You’ve heard the term “month end close,” but what is month end close? How does it help your business and is it even important? A month end close offers you: Clear, accurate financial information Peace of mind if you’re audited... Read more

6 Questions to Ask a CFO in a Meeting Making the decision to hire a virtual CFO can improve cash flow, allow you to rely on an expert for advice on hiring new staff and increase the value of your business. But if you don’t know the right questions to... Read more