When launching a new business, remember …

by Lynnea BylundJune 10, 2013

Launching a new enterprise is a formidable and hectic time. There is much to be accomplished and limited time to accomplish it. If you intend to have employees, there are a variety of federal and state forms and applications that will need to be completed to get your new business up and running.   Employer […]

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QuickBooks Desktop or QuickBooks Online?

by Lynnea BylundMay 1, 2013

Intuit is really pushing its QuickBooks Online these days, but it isn’t a product that most financial pros are confident with.    For many QuickBooks pros, using QuickBooks Desktop (for Windows, Mac is another story) for years, this is where our comfort zone is.  Intuit keeps attempting to push us out of that comfort zone.   They […]

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Cloud Computing Prevents Rain on Your Parade

by Lynnea BylundApril 29, 2013

Note: Don’t miss the upcoming Cloud9 Real Time 2013 Summit in San Diego Bay on August 14-16 to get up to speed fast on all things related to accounting and cloud-computing. In recent times hurricanes, wildfires, earthquakes, and electrical blackouts caused company owners and accounting pros to reflect on disaster recovery and cloud computing. How could […]

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What is NOT Deductible?

by Lynnea BylundApril 12, 2013

Remember the classic joke about the tax lawyer BAR multiple choice test question in the Tom Cruise movie, The Firm? … The difference between legal tax avoidance and illegal tax evasion is … a) Ten years in Leavenworth b) A smart tax attorney c) Whatever the IRS says it is d) All of the above […]

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QuickBooks Job Costing Set Up

by Lynnea BylundApril 5, 2013

Recently a prospective client asked us about ‘job costing’ in QuickBooks (smart client).  She was planning on buying the QuickBooks Premier Contractor (she’s in the interior design and remodeling business) and converting the existing accounting systems. Her plan is to primarily use QuickBooks for job costing and wanted recommendations that might help her transition smoothly. There is no better […]

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Cloud-based Invoice, AP & AR Management

by Lynnea BylundFebruary 17, 2013

Bill.com is a Cash Flow Command and Control System that manages accounts payable and receivable for businesses of all sizes. Offering online bill pay, custom invoicing services and collections, unlimited document storage, collaboration tools, and mobile access, Bill.com’s services easily syncs to users’ accounting software, QuickBooks hosting clouds and online bank accounts to better control […]

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Home-business time impinging on Holiday time?

by Lynnea BylundDecember 17, 2012

Enduring home-based business relationships with your partner, family, friends and associates requires everyone on your business team to recognize when you need assistance by establishing solid guidelines on how and when they can lend that assistance with minimal chaos. So how do I keep my home-based business out of my family time over Xmas? The […]

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Two Key Areas Startups Often Neglect

by Lynnea BylundNovember 24, 2012

Business startups can be a stressful and challenging process, especially if its your first startup. A single missed to-do list item might be a key element with a big impact on your future operations.  In the course of the start-up phase, it’s genuinely difficult to discern what is and is not significant and what might […]

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Ten Common Small Business Bookkeeping Mistakes

by Lynnea BylundNovember 23, 2012

From single-person entities to major companies, bookkeeping is an important part of any business process. While it is typically not one of the more exciting jobs, bookkeeping is at the core of a business’s success, and mistakes can cost the company a lot. Below are ten of the most typical errors that you want to […]

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The Best Solution for the Accounting Impaired

by Lynnea BylundNovember 19, 2012

As an entrepreneur and business owner, you may be wearing all the hats, running out of time and running on empty. You try to make time for marketing, errands and family, but when it comes to recording the financial transactions of your business, you find yourself procrastinating. — There isn’t really that much to do […]

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White Paper: Cloud-based AP & AP Automation

by Lynnea BylundNovember 15, 2012

A recent survey of 350 CFOs taken by Bill.com found that when CFOs automate their accounts-payable process in the cloud, the AP department cuts its work time by more than half, and slashes the cost per invoice by up to 70%. But surprisingly 73% of the respondents said they still use Excel spreadsheets to record and […]

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Year End 2012 Accounting Check List

by Lynnea BylundNovember 1, 2012

Soon it will be that time of year once again when most companies are closing their books. The company owners will either be partying or nursing their wounds. In any case, we as small business operators usually have some checking and tidying and decision making to do. Thanks goes to Universal Accounting School for this list – […]

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The NEW Key Traits of Successful Entrepreneurs

by Lynnea BylundOctober 25, 2012

What’s involved to be a successful business owner? What differentiates the entrepreneurs who are successful from all the rest?  What exactly is success? We’ve seen over the years that certain factors such as leadership, balance between risk-taking aversion and tolerance, and graceful adaption to change are key success traits for entrepreneurs in any business segment. […]

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How NOT to Micromanage Your Small Business

by Lynnea BylundOctober 17, 2012

At the start of a new business the entrepreneur often handles everything—directly and optimally. Then it begins: the company grows beyond what you can handle by yourself and you start hiring staff to fill the positions in your growing business. What you obtain is the freedom to further grow your company. What you lose is […]

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QuickBooks Can Do It All!

by Lynnea BylundOctober 8, 2012

No, you’ll never run out all of the Intuit QuickBooks functions and features… …. but here are some pointers on tools that extend QuickBooks’ usefulness – and save you time. Zero In On Key QuickBooks Report Figures You’ve undoubtedly created reports that were so lengthy that you got tired of scrolling up and down to […]

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Annual Growth and CAGR: Getting It Straight*

by Lynnea BylundOctober 2, 2012

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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Capital Gains and Losses – 10 Things You Must Know

by Lynnea BylundSeptember 18, 2012

Virtually everything you possess and use for personal or investment purposes is a capital asset.  Capital assets include your home, household furnishings and stocks and bonds held in a personal account. When a capital asset is sold, the difference between the amount you paid for the asset and the amount you sold it for is […]

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The Optimal Steps For Selling Your Business

by Lynnea BylundSeptember 1, 2012

Launching a small company takes nerve and determination — and so does ultimately divesting of your beloved company. The decision to sell can be nerve wrenching, but whether you’re selling because the work is no longer fun or because you need more time outside of your business, the preferred end result is often the same: You must ensure that you’re […]

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How to prevent employee termination blowback

by Lynnea BylundAugust 15, 2012

An employee  job termination is always uncomfortable, whether it’s for good cause or due to a business downturn. Workers who are fired or laid off often have bad misgivings about your business and some may act out their emotion in hurtful or violent ways, attempting to sabotage your company. Here are seven key steps that you […]

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Who really owns the accounting data on the cloud?

by Lynnea BylundAugust 13, 2012

Accountants and Clients Online: Who Owns What Data? Joanie Mann is a recognized authority in the areas of ISV cloud enablement and ASP service delivery.   While mobile smart device support and remote access to applications and data is becoming a standard requirement for most businesses today, the “online” working model goes a long way […]

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