Browse our latest articles for practical bookkeeping advice, QuickBooks tutorials, and accounting strategies. Discover tips for efficient financial management and stay informed with current updates tailored for modern businesses.
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Year-End Accounting Resource Center

This Article Includes – Year end accounting checklists, Dealing with the IRS, Estate Planning, W-2 VS. W-4, How to prepare for year end, How To Avoid an Audit, Year End Accounting Tax Prep Tips, Important Year End Accounting Dates, Tax Deductions

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Constructing a Foolproof Accounts Receivable System

  Managing accounts receivable is crucial for maintaining a healthy cash flow and ensuring the financial stability of a business. A watertight accounts receivable process not only helps in realizing income on time but also in maintaining good relationships with customers. Here’s a comprehensive guide on building a solid, efficient, and leak-proof accounts receivable process.

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10 Reasons Cleaning Franchises Need Reliable Bookkeeping
10 Reasons Cleaning Franchises Need Reliable Bookkeeping

In the bustling realm of cleaning franchises, organizational efficiency, effective management, and fiscal integrity hold paramount importance. Amongst the myriad of operational components, bookkeeping stands out as a critical, non-negotiable element, underpinning the financial health and sustainability of the franchise. For cleaning franchises aspiring to foster growth, stability, and a heightened service delivery, meticulous bookkeeping…

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Working capital: definition, formula, & management tips

  Effective managers utilize various metrics to guide their decision-making processes, and working capital stands out as a pivotal one. A business ability to function hinges on its capacity to produce adequate cash inflows. By keeping a close eye on working capital, you can ensure a consistent and sufficient cash influx every month. By understanding…

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25 Essential Financial Safeguards Every Small Business Must Know

Growing businesses already face a myriad of challenges, and recent data adds another concern: According to the Association of Certified Fraud Examiners (ACFE), in the past few years, small enterprises with less than 100 employees have suffered greater financial losses due to fraud compared to large corporations with over 10,000 employees. The primary culprits? Many…

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The Importance of Bookkeeping for a Roofing Company’s Success

  In any business, sound financial management is a crucial factor for success. For specialized sectors like the roofing industry, this importance cannot be overstated. At the heart of financial management lies the often-underestimated practice of bookkeeping. While it might seem like a routine, mundane task, bookkeeping can prove instrumental for a roofing company’s growth,…

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What is an invoice? Guide, examples, and what to include

  An invoice is a document that details and documents a transaction between a seller and a buyer. Often, a company issues an invoice to a customer once the product or service has been supplied. This invoice informs the buyer of the amount due to the seller and establishes the payment conditions for the deal….

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5 simple steps to prevent payment delays

5 simple steps to prevent payment delays Running a small business comes with its fair share of challenges, and one of the most common is the dreaded payment delay. Late payments can have a cascading impact on a business cash flow, leading to further complications such as inability to cover operational costs, pay suppliers, or…

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QuickBooks® Point Of Sale Has Reached End-Of-Life

  Here is what you need to know if your business uses QuickBooks POS Intuit announced that QuickBooks Point of Sale Desktop 19.0 is being discontinued and has reached end-of-life. As of February 8, 2023, new customers of QuickBooks point of sale can no longer purchase licenses. Existing QuickBooks Point of Sale users do not…

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Why Your Business Needs a Year-End Accounting Review: 4 Essential Reasons

  For many businesses, the end of the fiscal year is a busy time. Thers the rush to finalize last-minute deals, evaluate overall performance, and set goals for the year ahead. In the midst of these tasks, one essential activity often goes overlooked: the year-end accounting review. This comprehensive financial check-up is essential for any…

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The Importance of Bookkeeping for a Home Service Franchise

  A home service franchise, just like any other business, operates on money. Whether is for repair services, cleaning, landscaping, or any other home-related work, a strong financial structure ensures a thriving business. Among the core pillars of this financial framework is bookkeeping. It’s more than just recording transactions – is a critical tool for…

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Mastering Your Financial Future: Unveiling the Power of Cash Flow Projections

  While optimism is vital, understanding your business financial position tomorrow is equally crucial. Regularly tracking your cash flow and mastering the art of periodic cash flow projections can safeguard your business from future financial woes. If yore unfamiliar with cash flow projections, this comprehensive guide will lead you through the essentials.

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