Abacus Business Solutions Blog 3 columns masonry

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

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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

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“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

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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

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“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

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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...

100 EXTRA HOURS!

Posted on17 Sep 2020

Tagsabacus, accounting, Bookkeeper, Bookkeeping, finances, growth, nostress, organizing, savemoney, savetime

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Did you know that according to a NSBA survey the average business owner is spending over 8 hours a MONTH working on federal business taxes and finances? That doesn’t even...

Don’t miss the boat… again. (Part 2)

Posted on08 Sep 2020

Tagsaccounting, Bookkeeper, Bookkeeping, expenses, online accounting, organizing, tax, tax deductions, yearend

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Last week we discussed three of the most commonly missed tax deductions that business owners often forget to deduct (or maybe don’t realize they are tax deductible) and this week,...

Don’t miss the boat… and no, you can’t deduct that boat!

Posted on04 Sep 2020

Tagsaccounting, Bookkeeper, Bookkeeping, cash, CPA, expenses, loss, online accounting, organizing, quickbooks, tax, tax deductions, yearend

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The financial world tends to spend a lot of time discussing taxes- there’s a reason for that! The IRS tax code is complex and confusing for many business owners. To...

Keeping it COOL: How to Avoid Business Burn Out

Posted on24 Aug 2020

Tagsaccounting, Bookkeeper, Bookkeeping, burn out, business burn out, CPA, organizing, stress

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Burn-out can cause us to lose motivation and passion for our work and affect our business in a negative way. Today I’d like to discuss some signs of burn-out and...

Are you a spender or a saver?

Posted on18 Aug 2020

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Are you a spender or a saver? The answer to this question is likely to influence if you follow a budget or not! Savers are more likely to follow a...

Tracking and Managing Receipts: Yep. There’s an app for that.

Posted on05 Aug 2020

Tagsaccounting, Bookkeeper, Bookkeeping, CPA, expenses, online accounting, quickbooks, receipts

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Maybe your system of storing receipts is great. Maybe it’s perfect. OR Maybe, just maybe, it’s like the episode of Seinfield where Jerry’s audit hinges on one missing receipt for...

When is Petty Cash NOT “Petty”?

Posted on30 Jul 2020

Tagsaccounting, Bookkeeper, Bookkeeping, cash, Cash flow, CPA, expenses, petty cash

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First, let’s discuss what it is. Petty cash is typically a small amount of cash that is held in the office for any miscellaneous purposes that may came up throughout...

To Outsource or Not?? ….. The million-dollar question.

Posted on13 Jul 2020

Tagsaccounting, Bookkeeper, Bookkeeping, Cash flow, CPA, revenue

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As a business owner, you have many things to consider when making choices revolving around your accounting. What system will you use? What accounting basis is best for your business?...