January 28, 2015 3 min read Opinions expressed by Entrepreneur contributors are their own. You are a new business owner. You’ve ordered your business cards, set up your website, hired your first employee. You even have a few customers who are willing to pay you for what you do. You are ready to roll. Are
Bookkeeping
[embedded content] Are you worried about your employees stealing or embezzling funds from you? If you’re not, you probably should be. You’d be surprised at the level of embezzlement that goes on in small businesses and large organizations overall. When you look at the people that are committing these acts of fraud and embezzlement, you’d
February 6, 2015 4 min read Opinions expressed by Entrepreneur contributors are their own. If you’re one of the many small business owners who hasn’t done his or her bookkeeping all year long, this tax season will unfortunately be a stressful time as you frantically scramble to pull together all your receipts and business expenses, trying
[embedded content] Do you ever wonder how to communicate value to your clients or even wonder what do bookkeeping clients really value? I wanted to share with you my big aha moment when I understood what my clients really value. It happened a couple of years ago when one of my employees left the company
[embedded content] So, you’re looking to free yourself up so you can grow your business? I can totally understand and feel your pain! I have had to do that in the past few years in my own business – to free myself up from all of the day to day stuff and put myself in
It’s not fancy, but bookkeeping is critical to your business success. April 30, 2015 8 min read Opinions expressed by Entrepreneur contributors are their own. The following excerpt is from Mark J. Kohler’s book The Tax and Legal Playbook. Buy it now from Amazon | Barnes & Noble | IndieBound | Entrepreneur Books Maintaining your
July 14, 2015 4 min read Opinions expressed by Entrepreneur contributors are their own. In any business, liquidity is important. You need enough cash to pay your obligations. That is, over time the amount of cash that flows into your business must be greater than or equal to the amount of cash that flows out
[embedded content] What does it take to become a bookkeeper? There are a lot of people wanting to get into bookkeeping right now because it’s something that you can do from home. You can certainly make a lot more money as an independent bookkeeper having your own bookkeeping business rather than working for somebody else.
August 19, 2015 7 min read Opinions expressed by Entrepreneur contributors are their own. In today’s world, an accountant needs more than just a brick and mortar office. They need to continually expand their knowledge, keep up with the latest industry insights, and be able to share their knowledge with people looking for financial advice. The same
[embedded content] Today I am talking about the new Intuit service called Live Bookkeeping. What is Live Bookkeeping? The Live Bookkeeping service is a relatively new offering that Intuit Corporation is offering to its QuickBooks Online users, and it’s a service that is still developing. As of May 2019, Intuit Corporation is testing the service
October 6, 2015 5 min read Opinions expressed by Entrepreneur contributors are their own. I don’t know about you, but finances aren’t really my strength. I’m an entrepreneur – a big picture guy. I like to tackle big problems and develop big visions. I don’t like to sit around staring at a financial spreadsheet while I
[embedded content] So, how do you convince a bookkeeping prospect that they need and can afford your services? I actually think that you can’t. The reason is that I don’t think that you can convince someone who doesn’t value your time, your services and your expertise to pay more money for what you offer. I
November 4, 2015 6 min read Opinions expressed by Entrepreneur contributors are their own. Do you find managing your business finances to be a pain? Although it may appear to be, and often is, tedious, keeping your finances in order is extremely important. It helps you to project where your business is headed, and when you know exactly
[embedded content] Can a CPA have a successful bookkeeping business? Well, I’m here to tell you that yes, a CPA can! As a matter of fact, I am a certified public accountant here in the United States, and I have a successful cloud accounting business in which I work with clients throughout the United States
If you want to spend more time doing what you love, you have to get comfortable with delegating. September 21, 2018 7 min read Opinions expressed by Entrepreneur contributors are their own. If you’ve started a business, you know you have to wear multiple hats. In fact, you do a number of jobs you never
[embedded content] What are the 3 biggest mistakes that bookkeepers make in their bookkeeping business? Mistake #1 Number one is in pricing. I think most people under price their services, and I think that mistake comes from fear. I certainly can understand that, because I have definitely pulled my hair out trying to figure out
Every business big and small should have regularly updated bookkeeping and accounting records so business leaders can make the right decision with a foundation in the data. October 5, 2018 5 min read This story originally appeared on Due Last week in a discussion with a business coaching client, I asked if she had updated bookkeeping and
[embedded content] By following my 5 step monthly bookkeeping system, you’ll be able to have much more success doing your own books, because you’ll actually know what you’re supposed to be doing every month when you work on your books. It’s not just about entering transactions in QuickBooks Online. It’s actually about following a system
If you hire a non-U.S. citizen who performs any work inside the United States, you’ll need to file a 1099. It is your responsibility to verify that the worker is indeed a non-U.S. citizen and performed all work outside the United States. For that purpose, in the future you might want to have that foreign worker
(Note: I have updated this tutorial as of August 2019). Hi everyone. As some of you may know, I have spent the past couple of years building a library of 80+ free QuickBooks Online tutorials. I noticed that most of my tutorials related to entering income in QuickBooks or cover how to enter invoices. What