Accounting Best Practices Category

‘Tis the season for nonprofit donations: Importing QuickBooks Transactions with Transaction Pro Importer

December 8, 2012 | Filed Under Accounting Best Practices, FC Reviews Money Management Technology, QuickBooks How-to, Video Tips | 0 COMMENTS

As we near 12/31, many of the nonprofit clients we support see a dramatic spike in donations. (Of course, that’s because taxpayers want to get in deductible contributions before year-end.) We recommend Transaction Pro Importer as a key productivity tool to integrate donation detail with your accounting software. This tool … read more »

Examine Your Tax Return (before you e-file or mail it!)

March 10, 2012 | Filed Under Accounting Best Practices, Organize Your Finances, Video Tips | 0 COMMENTS

It’s that time of year. This past week, I reviewed one of our client’s tax returns and found an error. As I recommend, I did this examination before the client e-filed. I contacted the tax preparer and asked about a missing deductible expense that we had included with the financial … read more »

Budget – Begin with the End in Mind

February 13, 2012 | Filed Under Accounting Best Practices, Beat Today's Economy, Budget, Organize Your Finances | 0 COMMENTS

What are your 2012 financial needs or goals? Will you repay debt? Save? Reduce some expenses and increase others? Write down your goals.

Work from the Bottom Up

Last week, I suggested you analyze your 2011 financial picture. You gathered information. Now, let’s bring the pieces together. Create main areas of spending: home … read more »

Budget – Analyze First

February 5, 2012 | Filed Under Accounting Best Practices, Beat Today's Economy, Budget, Grow Your Profit, Organize Your Finances | 0 COMMENTS

Arm yourself with information. It’s a key step in preparing your 2012 budget.

Look at your financial picture from last year.

How much did you earn? How much did you spend? What did you spend on?… read more »

Get the info. You may have a wealth of information at your disposal if you

Budget to Earn, Earn, Earn!

January 29, 2012 | Filed Under Accounting Best Practices, Beat Today's Economy, Budget, Grow Your Profit, Organize Your Finances | 0 COMMENTS

You haven’t budgeted for 2012 yet? January is over. Get started now.

Tip for Success

Focus on Income. Though, yes, we will plan expenses, I encourage you to shift your mindset to earning income. Think about how much we focus on spending and consuming. Our culture focuses far too much on outflow. Instead, move your mental … read more »