Is Cloud Accounting Right for Your Business?

Cloud Accounting

One of the most exciting changes in the accounting industry is cloud accounting. The concept is easy to grasp: cloud accounting simply puts your accounting system in a private space online so that it is fully accessible to you via …

Life Can be Better Than You Think

Image for Main Article PreciseMGMT Small Business Newsletter September 2018

Let me start by apologizing in advance. Some of you have not heard from me via this communication in a while. We have been experiencing some growing pains that spread me too thin. Can you relate? For those of you …

Customize QuickBooks Online Using Settings

You can start using QuickBooks Online the first time you sign in. However, your tasks will be easier and faster, if you customize it for your company. QuickBooks Online was designed to be used by a variety of business types; …

Improve Your Profitability with the Resources You Already Have

Profit Improvement

I wanted to talk to you personally about profit improvement. And when I talk profit improvement, I’m talking about improving your profit without spending any additional money in order to make more money. In fact, the reason I like to …

Implement a Cash Flow Projection Before It’s Too Late.

Recently one of our clients was talking to us about their business. One of the major pain issues was that there was a third party payor that was slow in paying his bills. Sometimes the payor would make the business …

Working with Downloaded Transactions in QuickBooks Online

Working with Downloaded Transactions in QuickBooks Online

Downloading transactions into QBO is the easy part. You still have work to do once they’re on board. Its ability to download financial transactions is one of the five best things about QuickBooks Online. Without it, you’d spend a lot …

How A Cost Accounting System Improved Efficiency And Profit

Cost Accounting System

Client Ann Marie owns a manufacturing business which makes a high-end product. She varies her design from time to time so there are many versions of her primary design. Problem Ann Marie did not have a cost accounting system that …

How To Know What It Costs To Create One Widget

What It Costs To Create One Widget

Cost accounting is about calculating the total cost involved in the process of production. In a nutshell: “What it costs to create one widget!” Estimating the accurate cost of products is critical for profitable operations. A business must know which …