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Calculating Income
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Calculating Income
by Darrel Hawes
The purpose of this section is measurement; all of the different ways of keeping track of your accounting and finances. Here is where you need to know how to use tools: spreadsheets,
accounting software, etc. This is where bookkeeping fits in. Even professional accountants like
myself have to do a lot of the drudgery related to keeping track of
minute details. What I have found most helpful is to automate where is
makes sense, to save time and avoid errors in data, and to give some
clear thought to what level of detail you really need. Is 100 expense
categories necessary? The more complicated your system is, the more
likely you will make mistakes when entering data. We are going to continue to offer many resources for maximizing your use
of Quickbooks and Microsoft Excel, and also other competing tools.
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Travel Report
Darrel Hawes
Download this Excel spreadsheet to document your travel expenses. Travel expenses are one issue the IRS scrutinizes more than any other, so it will benefit you to document these to best of your ability. The spreadsheet can be customized for your own use. Obtain your copy in the download section. . . . keep reading
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Record Keeping for Taxes and Better Management
Darrel Hawes
Record keeping is generally looked upon as a "necessary evil" by business owners; we have to keep good records so we can pay our taxes. I argue that you should be keeping good records for management purposes. This article will give you some ideas about how to get started. . . . keep reading
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Year End Tax Tips for Home Businesses
Kristine A. McKinley
Someone recently asked me what they could do now to make tax time easier for this upcoming tax season. The best thing you can do is to think about taxes before the year ends. Most people wait until . . . keep reading
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Top 5 Missed Business Tax Deductions
Kristine A. McKinley
I spoke about tax tips for small business owners at a seminar this past weekend, and one of the questions I got was 'what are the top missed business deductions?' This is a great question, so here . . . keep reading
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Do You Need to Make Estimated Tax Payments?
Kristine A. McKinley
The federal income tax system is a pay-as-you-go tax system. That means you pay taxes as you earn income throughout the year. If you are an employee of a company, you pay taxes through withholding f . . . keep reading
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Computing Bonuses
by Darrel Hawes
Do you have an agreement to pay an employee or outside contractor a bonus? You should be aware that there are four different ways of computing them. Read the article to find out what they are. . . . keep reading
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Excel Calculation Bug Fix!
There has recently been some hoopla surrounding the calculation bug in Excel 2007. It has now been fixed. You can get more information and the fix by clicking on the link: a href="http://blogs . . . keep reading
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Business Use of a Personal Vehicle
by Darrel Hawes
Most small or home-based businesses are going to have some vehicle related expenses. You can either have a vehicle that is strictly used for business only, or you may use your own vehicle to visi . . . keep reading
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From the Quickbooks Group:
The Sleeter Group, the nation's premier network of QuickBooks consultants has announced its annual selection of "Awesome Add-ons for QuickBooks." What's an add-on? Well, add-on programs and service . . . keep reading
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How to Choose a Spreadsheet Application
by Darrel Hawes
If you're in business, you need a spreadsheet application. At the very least, a spreadsheet application will help you do quick analysis of projects that you are considering. You can set up, for exam . . . keep reading
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Quickbooks Tutorial
by Darrel Hawes
This Quickbooks tutorial will examine what you should be thinking about prior to setting up the program, but will also be useful to those who have an existing Quickbooks installation. Of course the . . . keep reading
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Is Quickbooks for Me?
by Darrel Hawes
I am going to make an assumption that you are a small business person, or want to be. I will do my best to convince you to use Quickbooks as an integral part of your accounting system. Though I am n . . . keep reading
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Accounting Explained
