The Perils of Using a Spreadsheet for Your Business Accounting
Being an accountant, I naturally love spreadsheets. They’re extremely useful for sorting, analyzing, and presenting financial information th
Three Common QuickBooks Online Mistakes and How To Fix Them
Some tasks are not intuitive or straightforward to the non-accountant user and mistakes can happen. Here are a few of the most common mistak
Your 2016 Business Tax Return Checklist
The end of the year is quickly coming, which means it will soon be time to file your business tax returns. Are you ready? Here are some...
Are Meals Deductible for a Business?
Some of the most frequently asked questions from small business owners is about meals. Are they deductible on a business tax return? How...
5 Ways You're Frustrating Your Bookkeeper
So you hired an accountant or bookkeeper to maintain your monthly accounting. It’s a smart move, especially if you don’t like doing it...
4 Signs You Need to Hire a New Accountant
Change is hard. Even when we know changing something is the best thing to do, thinking about what it will take to transition sometimes...
Demystifying the Balance Sheet
A balance sheet, also called a statement of financial position, is a financial statement used in tandem with a profit and loss statement...
Demystifying Accruals
Accruals are an everyday part of an accountant’s life, but can seem cryptic to the non-accountant. I looked up the definition of...
Demystifying Depreciation
Depreciation can be a tough concept to explain. Accountants intrinsically know what it is and how to calculate it, but might have a hard...
Demystifying Debits and Credits
Many non-accountants don’t understand debits and credits. I’ve met accountants who don’t really understand them either. Years ago, I had...
