Category Archives: Cost-Savings Tips

The Best Payment Terms for Faster Cash Flow

A great way to speed up your cash flow is to get paid faster by customers who owe you money.  One way to do that is to examine your payment terms to see if you can accelerate them.  First let’s … Continue reading

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Catching Up with Your Contractors Before 1099 Time

In a little over a month, it will be 2015 and time for year-end accounting chores.   One of those chores is getting your 1099s out, and now is a good time to tie up loose ends so the year-end process … Continue reading

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How Understanding Assets Vs. Expenses Can Make You Rich

Assets and expenses both have a “debit” balance on the financial statements, but that’s where their similarities end.  Spending on one can make you rich and spending too much on the other can leave you broke.  An expense is money … Continue reading

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Is It Time for Spring Cleaning Your Business Files?

Is It Time for Spring Cleaning Your Business Files?  How much time do you spend each day looking for information about orders, customers, vendors, or employees?  If it’s a lot, a little spring cleaning might pay off.  Here are five … Continue reading

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Do You Know Your Weakest Business Link?

Do You Know Your Weakest Business Link?  You’ve already built a solid business that you have great pride in.  Yet, if you’re like most entrepreneurs, you’re on a constant search for how to make your business better.   One way to … Continue reading

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5 Ways to Accelerate Your Receivables in QuickBooks

Increasing your income is good. But even if you can’t, you can still take steps to collect the money you’re already owed faster. Here are five. If you asked five small business owners to name the top three roadblocks they … Continue reading

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Five Ways to Go Green with Your Accounting

With St. Patrick’s Day and spring arriving, March is a great month to have “green” in your mind.  There are green shamrocks, green beer, the green of new vegetation, and there’s even green accounting, too.  Here are five ways to … Continue reading

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How to Avoid Seasonal Bumps in Your Cash Flow

Many businesses operate with seasonal peaks and valleys.  Retail stores just completed their busy holiday season.  Construction contractors are busy when the weather is good.   Accountants are very busy from January through April, but also experience a quarterly peak in … Continue reading

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Five Best-Practice Accounts Payable Tips for a Smoother Cash Flow

  Keeping an eye on cash balances is one of the most frequent activities of many business owners.  Besides making sure you have enough cash for payroll and bills, there is another huge opportunity you can benefit from: lowering the … Continue reading

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Five Fall Projects to Refresh Your Financial Results

  Five Fall Projects to Refresh Your Financial Results  As we move into the fall season and the final quarter of the year, it’s a perfect time to commit to a project in your business that will help you reach … Continue reading

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Need an A/R Makeover? A Quick, 5-Item Best Practice Checklist

Technology has allowed businesses to make substantial improvements in their customer invoicing processes.  The good news is that when you implement these technologies, you will almost always get paid much faster.   If it’s been a few years since the … Continue reading

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Five Cash Leaks to Avoid

Cash flow improvement is a hot issue for small businesses; in many businesses, it seems like there is never enough cash when you need it. The last thing a business owner wants is to reduce their cash balance unnecessarily. To … Continue reading

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What is Cloud Accounting?

  One of the most exciting changes in the accounting industry is cloud accounting.  The concept is easy to grasp:  cloud accounting simply puts your accounting system in a private space online so that it is fully accessible to you … Continue reading

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Five Ways to Protect Your Cash

As entrepreneurs, we work hard for our money, and the last thing we need is to have it disappear due to fraud, hackers, or identity theft.  Some people have called 2013 the year of the hacker, which is worrisome.  But … Continue reading

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Use QuickBooks’ Tools – and Common Sense Procedures – To Prevent Financial Fraud

You work hard for your money. Strong internal controls can keep it from disappearing unnecessarily. You trust your employees or you wouldn’t have hired them. That’s what everyone says as they watch a valued staff member being hauled off in … Continue reading

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Seven Year-End Adjustments to Make to Your Books

Year-end is coming up for many businesses, and it’d be nice to know what your final revenue and profit numbers will be for the year. Before we can calculate these key numbers, there are year-end adjustments that may need to … Continue reading

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Is Your Business Missing an Accounting Skillset?

Is Your Business Missing an Accounting Skillset? In a small business, the owner ends up wearing many hats to get the product or service delivered, the customers served, and the accounts settled. Within each functional area of a small business, … Continue reading

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Employee Retirement Plans: A Win-Win Situation

Clearly, your employees are winners when you sponsor a retirement plan. But there are advantages for you, too. A few decades ago, many employees could look forward to comfortable retirements. Interest rates on savings vehicles were high. Pensions were well-funded. … Continue reading

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Are You Defining Items in QuickBooks Correctly?

Create item records in QuickBooks carefully, and QuickBooks will return the favor by running useful, accurate reports.    Figure 1: Clearly-defined items result in precise reports.    Obviously, you’re using QuickBooks because you buy and/or sell products and/or services. You want … Continue reading

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Compliance Checklist: Seven Items You May Have Forgotten

  Running a business is filled with regulations everywhere you turn. These can drain precious time away from the core of your business, but if you ignore them, there could be huge financial consequences you may be risking without even … Continue reading

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QuickBooks 2013 Gives You a Reason To Upgrade

Tired of QuickBooks’ cramped, claustrophobic screens and uneven interface? You’ll be pleased to see the 2013 version.    You chose QuickBooks for a variety of reasons,   a major one being its simplicity and usability.

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Six Quick Productivity Tricks So You Can Go Home Early

  If you have an endless to-do list, you’re not alone these days. Most of us are constantly looking for ways to work smarter and get more done. Here are six quick tips to help your productivity so you can … Continue reading

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Five Favorite Freebies You Can Steal

  If you’re looking for ways to boost your productivity, technology is a great place to start. The good news is there are many free options available. Here are five favorites you might not know about.

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