Category Archives: Blog

Are you passionate about your business? Ask yourself these 7 Questions to determine your level of passion: Would you do what you are doing today if you didn’t need the money? Do you wake up before the alarm, excited for the … Continue reading →

When a list name is no longer used and you can’t delete it because of prior activity you can hide it.  When you hide a list name, the information for that list name is still there, you are just making … Continue reading →

The three main categories in Quickbooks® are the Chart of Accounts, Items List and Classes. The Chart of Accounts, these categories that tell the you where your money came from and what you spent your money on. The Items in … Continue reading →

What is the difference between Sales Orders and Sales Receipts? Sales Orders: Are designed to track orders that you have received but not yet shipped Do NOT post to any ledger accounts or sales history reports in QuickBooks Sales Orders … Continue reading →

How to prepare a cash flow forecast Cash flow forecasts are easy to prepare and can be done in just a few steps. Estimate your likely sales – The first step is to estimate your likely sales for each week … Continue reading →

Knowing Your Cash Flow Forecast Knowing your cash flow forecast and understanding it is the key to running a successful small business. Good cash flow management will help ensure your business runs smoothly and it gives you the ability to … Continue reading →

Best practices in change management.  It’s a new year and you will find that change is sometimes needed to make your business process flow easier and to run a more competitive business than it has been in the past.  You … Continue reading →

What is a profit and loss report? The profit and loss report is a summary of the financial performance of a business over time (monthly, quarterly or annually is most common). It reflects the past performance of the business and is the … Continue reading →

Understanding your balance sheet, to put it in simple terms, is a statement of your business’ worth usually calculated at the end of the month or quarter. It is a listing of assets (what your business owns), liabilities (what your … Continue reading →