Understanding Assets on the Balance Sheet

As a bookkeeper, I provide reports to clients for them to know the health of their businesses.  Two of the main reports are the Profit and Loss (also known as the Income Statement) and Balance Sheet. Sometimes clients don’t understand what each type of account...

Handling IRS Notices

If you file your taxes and reports diligently and on time, you probably don’t expect to hear back from the IRS. But what if you do receive a notice? Rule one: don’t panic! Follow these tips on understanding and handling the unexpected notice. Is this...

Tips and Shortcuts for Using QuickBooks Online

Although we offer full-service bookkeeping, many of our clients choose to enter their own transactions into QuickBooks and then leave the rest to us. For those who use QuickBooks online, I thought I’d share some tips for making that boring data entry go just a bit...

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