financial statements

It Could Happen To You…

On November 8th, 2012, posted in: Accounting by 0 Comment

Like It Happened to Rick Sometimes life comes at you so fast that you never know what hit you. More importantly, you didn’t have time to plan while that is happening. Rick was out in his back yard, not even two miles from my home and on the same lake, when he got bit by a..

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You Don’t Know What You Don’t Know!

On September 25th, 2012, posted in: BIZ-TIP by 0 Comment

All of us have blind spots. We’re experts at what we do, but no one is an expert at everything. When we get outside our area of expertise, we don’t know what we don’t know. That’s exactly why we all need resources within our companies and in our networks that are good at the things..

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Do You Use Duplicate Checks?

On September 20th, 2012, posted in: Accounting, Security by 0 Comment

Several years ago I met with a contractor that needed his accounting processed for the prior year. He wanted us to set up QuickBooks for him and enter all the banking activity. Normally, no problem! This time, big problem! Like many people, he used duplicate checks. He figured that would work for him instead of..

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How Do You Keep Receipts?

On September 13th, 2012, posted in: Accounting, Security by 0 Comment

Most people know that they need to retain copies of their credit and debit card receipts to substantiate those expenses if they are ever audited. The problem is that those pesky little receipts seem to have a way of disappearing! Here’s how I deal with this problem for myself and for our virtual accounting office..

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How Safe Are You?

On August 7th, 2012, posted in: BIZ-TIP by 2 Comments

What would happen to your business (and your stress level!) if you lost all the data on your computer? It happened last month to one of our clients who chose to keep all their data on their laptop and have us access it remotely. They backed it up, but left the flash drive in the..

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Don’t Recreate the Wheel!

On July 17th, 2012, posted in: BIZ-TIP by 0 Comment

Anything that you do repeatedly in your life or your business should have a system with templates built around it. A system helps you define the most efficient and effective way to do something while templates help you gather all the information that you’ll need to implement the system. This saves both time and energy..

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Five Quick Money Management Tips

On July 5th, 2012, posted in: Accounting by 0 Comment

Because we are a virtual accounting firm, we always love to pass along quick money management tips to our readers. This is especially timely as many young adults will be heading off toward college or have graduated college and are heading into the workforce. We offer these five quick money management tips that will help..

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Do You Play Well on the Team?

On May 15th, 2012, posted in: BIZ-TIP by 0 Comment

Business is definitely a team sport. Working together well as a team benefits everyone. Last week I got an email from a client who was referring an associate to us. The associate was starting a new business and was in a very similar situation that my client was when he first came to us. He..

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When To Outsource

On May 3rd, 2012, posted in: Accounting by 0 Comment

You’ve been running your business for a while now and are getting busier each passing day. That’s great news, right? Of course it is! You’re also discovering though that there some business tasks that are falling by the wayside. When was the last time you balanced your checkbook, answered all of your emails, or updated..

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Don’t Confuse Activity with Progress!

On April 4th, 2012, posted in: BIZ-TIP, Uncategorized by 0 Comment

Do you ever have times when you are so busy, yet you feel like you’re making no progress at all? You’re working hard, but your to-do list seems to be getting longer instead of shorter. That has been me for the last 2 weeks. Here’s what has saved me: Prioritize: When you’re really busy and..

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