Abacus Business Solutions Blog 3 columns masonry

The Mingle Jingle…

Posted on30 Dec 2020

Tagsabacus, accounting, Bookkeeper, Bookkeeping, budget for business, co-mingling funds, comingling funds, CPA, finances, funds, online accounting, organizing, savemoney, savetime

Comments0

If your business is doing the mingle jingle, it’s time to STOP! You know, co-mingling funds…. EEK! Everyone knows (or at least SHOULD know) that you need a separate bank...

Hey Siri, manage my books…..

Posted on22 Dec 2020

Tagsabacus, accounting, Bookkeeper, Bookkeeping, CPA, online accounting, quickbooks, savemoney, savetime

Comments0

Ever wish your bookkeeping + financial software was more like Siri? 😉 Especially for your business finance questions? Like, “Hey Siri – how can I reduce my business expenses?”, or,...

Invoices: Sometimes You Have To Write it Off

Posted on17 Dec 2020

Tagsabacus, accounting, Bookkeeper, Bookkeeping, CPA, expenses, finance report, finances, online accounting, organizing, quickbooks, savemoney, savetime

Comments0

Sometimes you just gotta write it off….. ☹ Did you know that 16% of invoices don’t get paid? 😳 Think about it – you get paid for 8 invoices in...

End of the Year, Check Up Time…

Posted on04 Dec 2020

Tagsabacus, accounting, Bookkeeper, Bookkeeping, CPA, online accounting, organizing, quickbooks, receipts, savetime, yearend

Comments0

Check-up Time…. Do you know if your business finances are ready for the end of the year? Follow up question: do you even know what exactly you need to do...

Chart of Accounts (COA) What it is and Why it Matters

Posted on24 Nov 2020

Tagsabacus, accounting, Bookkeeper, Bookkeeping, budget for business, budgeting, Chart of Accounts, CPA, expenses, finances, online accounting, organizing, quickbooks, receipts

Comments0

The Chart of Accounts (ie. COA) is so important to have good financial reports and to have the specific data that you need to make good business decisions. For instance,...

Refunds, Credits, and Sales Tax, oh my!

Posted on20 Nov 2020

Tagsabacus, accounting, Bookkeeper, Bookkeeping, budget for business, CPA, finance report, online accounting, organizing, quickbooks, savemoney, savetime

Comments0

Ever needed to give a customer a refund … but then got to your Quickbooks software and had no idea how to account for it?? Honestly, we would be impressed...

Understanding the Difference Between Accrual and Cash Accounting

Posted on11 Nov 2020

Tagsabacus, accounting, Accrual, Bookkeeper, Bookkeeping, budgeting, cash, CPA, growth, online accounting, organizing, profit and loss, savemoney, savetime

Comments0

Are you using the wrong accounting method for your business? If you don’t understand the differences between “accrual” and “cash”, you might be! That’s why today we want to give...

Understanding your P& L – like REALLY understanding it.

Posted on30 Oct 2020

Tagsabacus, accounting, Bookkeeper, Bookkeeping, budget for business, budgeting, CPA, finance report, finances, loss, online accounting, organizing, p&l, profit, profit and loss

Comments0

Do you understand what a Profit + Loss statement is, and why it’s SO important for your business? We mean – REALLY understand? If not, here’s a quick rundown of...

BUDGETING Tips From Experts For Your Business

Posted on27 Oct 2020

Tagsabacus, accounting, Bookkeeper, Bookkeeping, budget, budget for business, budgeting, cash, Cash flow, CPA, expenses, online accounting, organizing, savemoney, savetime

Comments0

Want to learn a simple (and free!) strategy that will help make it WAY more likely for you to achieve your business goals? It’s true – We just read a...

EXCITING FINANCIALS… Trust us!

Posted on14 Oct 2020

Tagsaccounting, Bookkeeper, Bookkeeping, CPA, expenses, finance report, finances, online accounting, savemoney, savetime

Comments0

“Let’s talk about your business financial reports…” … Not exactly an exciting sentence, right? But you may be surprised at all the great information hiding in those long columns of...

WHO IS WHAT?

Posted on09 Oct 2020

Tags1099 contractor, Cash flow, finances, online accounting, W-2 employee

Comments0

Do you know what the difference is between a W-2 employee and a 1099 contractor? A lot of business owners get confused on this one (and so does the IRS!)...

Bookkeeper, Shmookkeeper, What’s the big deal?

Posted on02 Oct 2020

Tagsabacus, accounting, Bookkeeper, Bookkeeping, CPA, organizing, quickbooks, savemoney, savetime

Comments0

“Why do I need a bookkeeper? I’ve already got a QuickBooks subscription – that’s enough, right?” That’s a fair question. And the answer is? “NO – QuickBooks alone is not enough. ...

Co-Mingling Funds – How it Works

Posted on22 Sep 2020

Tagsaccounting, co-mingling funds, CPA, expenses, finances, online accounting, organizing, savemoney, savetime

Comments0

Last week we discussed in a FB post the idea of co-mingling. Today we are going to get into more detail about this important subject! As a reminder, co-mingling funds...