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 …

Setting Up Sales Tax in QuickBooks Online

Setting up sales tax in Quickbooks Online

Sales tax is one of the more complicated concepts supported by QuickBooks Online. QuickBooks Online was designed for you, the small businessperson. You’ve probably discovered that many of its features are fairly easy to use from the start. But just …

So You Want to Be an Independent Contractor

You want to be an independent contractor?

Confused about what it means to be an Independent Contractor? Maybe you are working for a business but you want to start your own business. Maybe your employer has suggested that you could work at home, and they will change …

Getting Business Infrastructure Right

Getting Business Infrastructure Right

Client Working as a freelance Personal Training and Group Fitness Instructor sounds like it could be liberating, interesting and a good-paying job. But the truth is, like any independent contractor, there are business issues that have to be considered, before …

No Cost Employee Benefits

no cost employee benefits

Benefits that Motivate Your Team Most employers fall into the trap of giving their employees a raise year after year. The problem is that if your compensation to your employees are more than 20 – 22% of your collections this …

Small Business, Big Success

How a personal trainer transformed her business and increased her income. Claire is a personal trainer with 20 years of industry experience. Her personal training business was a great success. There were many gyms competing in the area; but she …

What Is a Vendor Credit, and How Do You Record One?

Whether you’re getting a vendor credit for a refund or a return, you can record it in QuickBooks Online. When you’re dealing with your company’s vendors, you’re probably accustomed to money flowing in one direction: theirs. Maybe you send them …

7 Best Practices for QuickBooks Online

7 Best Practices for Quickbooks Online

Even if you’ve been using QuickBooks Online for a long time, it’s good to step back and evaluate your actions. “Best practices” aren’t enforceable rules. They’re simply guidelines businesses commonly follow in one area or another. If you’re in retail, …

Receiving Payments in QuickBooks Online

It’s perhaps one of your favorite activities in QuickBooks Online: recording money that comes in. Are you doing it right? Your days of matching paper checks to paper invoices are over. QuickBooks Online excels at keeping your accounts receivable organized. …