Author: D Allen
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Make Your Bookkeeping Simple
Make your bookkeeping simple. It’s my job to take the bookkeeping completely off of your hands. Check in and make sure I’m doing my job. I’ll send some emails periodically if I have questions about some transactions. I’ll send reports crucial to your decision making each month. If you’re spending more than 5 hours per Read more
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Connect Your Bank Feeds to QuickBooks Online in Rocket-Speed Time!
Here is a video showing how to connect bank feeds to QuickBooks Online. To have me look at your books and develop a strategy to take the bookkeeping as much off of your hands as you want, contact me. If you just have a question, send message here. Read more
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What ARE cash and accrual accounting? The best for you is…
One of the first decisions every business owner faces is choosing how to track his or her finances. The two main methods —cash accounting and accrual accounting—offer very different approaches. Don’t know which one you should use? Here’s a quick explanation: What is Cash Accounting? With cash accounting, you record income and expenses only when Read more
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Now My Books Make Sense – How A Chart of Accounts Works For You
In this post we’ll learn how a chart of account works. A chart of accounts is a list of categories that every transaction fits into. If we’ve done our job right, there should be a category for every type of transaction. At the same time, the same type of transaction should not have two different Read more
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Should Have Hired a Bookkeeper
How do you know when you should have hired a bookkeeper? When you’re paying late fees on bills. Your accounts receivables are getting longer and longer time horizons. You’re paying subscriptions and other fees that you believed you had cancelled or are no longer using. You’re panicking at the end of the month to put Read more
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4 Way to Depreciate an Asset for Unbelievable Tax Savings
There are different ways you can depreciate an asset. These methods can give you different results at different stages of the use of your business assets. Whichever method you use, be consistent and use the same method for the asset in question. Track the value, method of depreciation, and deductions on a table using excel Read more
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How to Take Deductions on Every Major Asset by Capitalization
Depending on your business, you may need to make some large expenses and deduct asset costs. How are those treated as deductions? In this post, you’ll learn how to ‘capitalize’ a deduction. Capitalizing is the main way to deduct the value of an asset. For instance, take a $10,000 truck for your lumber company. The Read more
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Maximize Your Home Office Deductions – Save Thousands Easily
In a previous post, we talked about deducting a part of your mortgage or rent on your taxes if you operate an office in your home exclusively for your business. We also discussed when that is allowed by the IRS. Now we’ll discuss how to maximize your home office deductions. But the fun doesn’t end Read more
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Let’s Meet Your Business Goals
Let’s talk about meeting your business goals. Schedule a strategy call with me. It’s free and we talk about the specifics of your situation. We’ll discuss how to make your reporting more accurate, more consistent tax deductions, and to make the best business decisions. You can also send a message through contacting me here. Read more
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Know What’s Going on in Your Business
Proverbs 27:23 ESV – Know well the condition of your flocks, and give attention to your herds. Know what’s going on in your business. This is a wealth building wisdom post. To see more explaining proverbs like this, read the others here. In the old testament world, it was very common for herds and flocks Read more