Not using Undeposited Funds Correctly If you are like most businesses, you deposit more than one check at a time. The way QuickBooks...

This is something that a lot of businesses want to do (I’ll trade my Accounting services for your Legal services, for example). The IRS...

Not Periodically Cleaning up Accounts Receivable and Accounts Payable The Accounts Receivable and Accounts Payable Aging Reports in...

I get asked fairly often how being a Fractional Chief Financial Officer (CFO) works. Having been the full-time CFO of an organization, I...

Not Reconciling Completely by Leaving Old Outstanding Items Most people reconcile their bank accounts and credit cards in QuickBooks, and...

I used a Small Business Administration loan to start Jordan CPA Services from the ground up, so I was surprised recently when someone...

Not Capitalizing Things Correctly Let’s say you bought a new equipment for $3,000. Instead of having $3,000 in Office Supplies expense...

Stop trying to run a four minute mile. There are very few people who have the combination of the right genes and significant training to...

From day 1 Halo Salon in Carthage has given 10% of their total income to non-profits. This isn’t 10% of the profit that’s left over after...

Separate Interest and Principal on Loan Payments If you have a loan, you probably know that part of your monthly payment goes towards the...