Archive for the ‘Mico Business’ Category

3 Reasons to love Outright and 1 not so much

Ever since I came upon Outright.  I have been trying to set up clients that are a good fit.    What makes a good candidate. Well, it was designed for e-commerce businesses, but If your accounting isn’t very complicated,  you really just need to categorize your expenses, […]

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How to keep your bookkeeping costs down

Bookkeeping is a necessary evil and there is nothing sexy about it… (well maybe sometimes). It is a job better left for those of us who do find it sexy.    While you do have to pay for the service, it shouldn’t be a budget buster. Here […]

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How Expensify brought the fun back to expense reports

I am an accountant and am pretty good with receipts, but even I hate filling out expense reports.   Along comes Expensify onto my iPhone and I was able to hand in my expense report right after my plane landed (well, ok the next day). I was on a […]

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3 Easy Steps to deal with your receipts

I am often asked “Do I really need to keep the receipts?”    The answer is yes, you should keep the receipts.  You may need that detail in a tax audit.   I know because I speak from personal experience. Despite claims of paperless office, I still […]

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3 Best Questions to ask before Choosing the Right Accounting Software

Now that cloud computing is available, there is a selection of accounting software to choose from.   Ah… but which one to choose?   Here are a few questions to ask yourself: 1.  What is your end goal?   Are you just looking to get information to […]

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Xero at year end

Just a quick update. Ok so I’ve been using Xero accounting software for 7 months now for my bookkeeping practice. I’m still liking it. The bank feeds are great. If you set up bank rules, makes it really easy. I don’t think I had to hand enter […]

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Handle your finances like following a diet

If your business finances need organizing, be sure to handle them like someone going on a diet. Little decisions help us lose or manage our weight and the same principle applies to getting your bookkeeping in order. Step 1 Create folders Separate receipts in the current month […]

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5 basic tips for organizing your office

An organized office is a profitable office. Filing and organizing reduces wasted time hunting for essential tools and wasted time equals wasted money. Organizing an office requires self-discipline, a vision for categorizing information specific items, and the courage to throw away pieces of paper or magazines that […]

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Why managing cash flow for business is critical

Cash flow management is a test of how well a company operates. Cash flow is the difference between cash coming into the business and cash going out of the business during a given period. Here are ten ways to manage cash flow: Decrease the amount of money […]

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Track business expenses to realize profits

Businesses exist to make profits, but businesses that don’t understand expenses face a hidden obstacle to realizing profits. List all company expenses – monthly and infrequent expenses. Not knowing all expenses can paint a false sense of profitability. After listing all expenses, determine the amount of income […]

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