Posts tagged as:

Accounting




Cloud based Financial Project Manager Software applications have enabled businesses to take advantage of software options that in years previously would have costs 1000s of dollars to purchase and load on even a single PC. Take Project Manager Software, for instance… Up until 2006, our options for project manager  applications were few and expensive. Microsoft […]

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A new infographic demonstrates the humble beginnings of modern accounting, beginning in 1494 when Luca Pacioli first described an emerging system of debits, credits, journals and ledgers.  It charts the difference between how accounting was done before accounting software programs and after accounting software programs. VisiCalc and QuickBooks changed the industry immediately upon their introduction. […]

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One small thing that might make the business world just a tiny bit better is all of us agreeing how we measure growth.  I hesitate to wade into this subject because so many people have so many definitions. *Source: Tim Berry at Small Business Trends And you’d think it was obvious, but then suddenly I […]

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Bookkeeping might seem a like dull subject. But it didn’t leap fully formed out of a weighty textbook. People have needed to keep track of their money for centuries, and the bookkeeping methods we use today can be traced back to one very influential man.* *Source: A Brief History of Bookkeeping by Oruk Duke From […]

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Often times small company owners and managers gauge their business results by their checking account. But if you’ve been in business for awhile, you already know that cash rarely equals income or profit. And even if you know what your company income is, do you really know how to read your cash flow and financial reports? For most […]

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Okay, as a small business owner you’ve decided to become more responsible with maintaining your books and records… where do you start? Expert organizer Michelle Carley offers a tip sheet – BANK ACCOUNT STATEMENTS request a statement with a month-end cut-off date saves time when reconciling records with the bank statement every month fewer checks you […]

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According to Charlie Russell, writing at Sleeter Group’s QuickBooks and Beyond, it appears that Intuit QuickBooks has a renewed focus on helping the Accounting Professionals and ProAdvisors with the release of Quickbooks 2012. Russell takes a look at several new features and improvements that will be helpful. Most of these recent elements are found only […]

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During the course of your company’s life, things do not stay the same. For example, in the beginning phases of your business, you may have opted to keep matters simple with an partnership or sole proprietorship.  But as your business and expectations grow, you might need to change your company’s structure – what may have […]

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A great accountant is worth his or her weight in ledgers. Choosing the right accountant can be the most important decision a small business can make. In the end, a good accountant is not just a bean counter but a valuable financial consultant, an auditor and a trusted adviser. They can provide you with great […]

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The Chart of accounts (COA) is a list of the accounts used by an organization’s accounting process. The list can be numerical, alphabetic, or alpha-numeric. The structure and headings of accounts should assist in consistent posting of transactions. Each nominal ledger account is unique to allow its ledger to be located. The list is typically […]

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