Bookkeeping

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Bookkeeping Software is Deceptively Simple

By | April 26th, 2017|Categories: Small Business Tax and Accounting|Tags: , , |

Here’s the problem with Quickbooks, or any other software solution for bookkeeping: it’s deceptively simple.

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Getting Your Business Off to a Good Start, Part 3: Bookkeeping Systems

By | December 15th, 2016|Categories: Small Business Tax and Accounting|Tags: , , |

When I say “bookkeeping system,” I mean the manner in which you record the transactions that take place in your business.

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Getting Your Business Off to a Good Start, Part 2: Can I Keep Scanned Copies of Receipts?

By | December 9th, 2016|Categories: Small Business Tax and Accounting|Tags: , |

In the last part, we talked about proper documentation of business income and expenses. Nearly 100% of the time, the first question people ask at this point is: do I have to keep all that paper, or can I scan the receipts?

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Getting Your Business Off to a Good Start, Part 1: Proper Recordkeeping

By | December 7th, 2016|Categories: Small Business Tax and Accounting|Tags: , , |

Recordkeeping refers to recording the transactions that take place within your business. Documentation refers to the proof of the numbers in your recordkeeping system.

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Is There an Income Threshold Where You Should Start Using Quickbooks?

By | September 12th, 2016|Categories: Small Business Tax and Accounting|Tags: , , |

A few years ago I was giving a presentation about taxes and accounting to a group of business owners. One of the people in the audience asked: "Is there an income level where you should start using Quickbooks? Like $50,000?"

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