Suspense Accounts – Why, How, Where, What?!?

***QUESTION*** Hi Jennifer, How are suspense accounts set up? I don’t see them listed as an account type in the Chart of Accounts. ~R ***MY COMMENTS*** Suspense is not an account type, that’s why you don’t see it there in the Chart of Accounts (COA) when setting up new accounts. When you create a suspense … Continue reading Suspense Accounts – Why, How, Where, What?!?

Save Time and Money by Streamlining Your A/P with These 7 Tips!

New small businesses and entrepreneurs sometimes discover that the accounts payable process (also known as A/P) can turn into a headache. If it isn’t handled in an orderly fashion, unpaid bills pile up and get paid late. This can making vendors angry and possibly damage the businesses credit rating. Here are my best tips to … Continue reading Save Time and Money by Streamlining Your A/P with These 7 Tips!

Summer Tax Savings – Why Having a Yard Sale May Be a Bad Idea

By Wayne Davies Are you planning to have a yard sale this year? There are three important things to consider before you plunge into a yard sale. Perhaps there is a better way to get rid of your old belongings while saving time and money. 1. Your time is valuable. If you've done a yard sale before, how … Continue reading Summer Tax Savings – Why Having a Yard Sale May Be a Bad Idea

Wave bye-bye to QuickBooks 2006…

Lots of people have been asking about my upcoming QuickBooks products... So let me pull back the curtain just a bit so you can see what’s going on: My QuickBooks products are not basic "how-to" guides. There's lots of those already. Painful and difficult problems get solved clearly and easily. Lots of "confusing" accounting ideas … Continue reading Wave bye-bye to QuickBooks 2006…

QuickBooks Tab Key – Work More Quickly!

Do You Want to Spend Less Time Doing Bookkeeping? Do You Want to Spend Less Actual Time in the QuickBooks File?I've developed QuickBooks tips that will help you spend less time in QB, tips that I won't share with the general public. I've been collecting these little gems for a couple years, waiting to share them to a special … Continue reading QuickBooks Tab Key – Work More Quickly!