Whether you’re just launching a business or you’re going online with an existing company, take some time to get acquainted with QuickBooks Online. Your first hour with any web-based application is probably spent exploring and clicking buttons, links, and other navigation tools to get the lay of the land. QuickBooks Online should be no different. In fact, it’s even more important to take it slow when you’re using an accounting… Read More
Fix Your Bottom Line by Raising Your Prices
You can’t keep prices the same indefinitely, but raising them is always a gamble. Consumers can — and do — compare prices anywhere, anytime, on everything. If your bottom line needs a boost, raising prices can definitely help — as long as you map out a strategy and avoid some common pitfalls. Promote, Promote, Promote When you’re ready to roll out the increase, plan to roll out some promotions and… Read More
What You Need to Know when Your Hobby Becomes a Business
Who knew you had a green thumb? You started gardening as a way to de-stress. Now, you’re growing exotic orchids in your family room. It was a pricey hobby until you learned how to propagate orchids and started selling them to other hobbyists. And now you’re thinking you might be able to turn growing orchids into an income source — and your hobby into a business. Once people start making… Read More
Reviewing Last Year’s Business Records Gives You an Idea of What Worked and What Didn’t
Busy is good. Most small business owners would rather things were too hectic than too slow. As the year winds down, though, let your staff handle the busy-ness while you look at the business — where you are, what you’ve accomplished in past year and where you’re headed in the new year and beyond. Your bottom line The quickest way to figure out where you are is to check your bottom line…. Read More
Are You a Non-Profit? Then Politics are Out of Bounds
Nonprofit organizations exempt from tax under Section 501(c)(3) of the federal tax code — schools, religious groups, hospitals, social service providers, and other public charities — should be careful not to violate the law’s prohibition on political campaign activities. What’s Prohibited? Participation or intervention in a political campaign on behalf of, or in opposition to, a candidate for public office is absolutely prohibited, whether it’s done directly or indirectly. This… Read More
What QuickBooks’ Calendar Can Do for You?
Yet another calendar? Yes. It’s a good idea to use QuickBooks’ calendar to stay on top of your financial transactions. These days, some of us find ourselves updating multiple calendars. There’s the Outlook calendar or other web-based solution for scheduling and task management. Maybe a smartphone app to track to-do’s on the road, and a paper calendar as backup. But where do you keep track of your everyday financial tasks?… Read More