New Business Direction LLCDon’t Click that Sh!t: 2023 Cybersecurity Tips for Small Businesses
We’ve heard more than a few horror stories in the past few months of business owners falling for phishing scams that compromise their company, cost them thousands of dollars, and put their customers and contacts at risk. Hackers are getting more sophisticated by the day, and it’s becoming harder to tell a…
Form 1099 and QuickBooks
Each January we rush around to gather tax information on the independent contractors we paid in the prior year in order to send them a 1099. Here are some basic tips for making it easier and less hurried in your year-end preparations. Get Them Now: Form 1099 Form W-9 A link to…
Journal Entries in QuickBooks
As Accountants we default to the tried and true – the journal entry – we use the traditional system of accounting to record, adjust and correct all things. A debit here, a credit there and voila, we are done. Not so in QuickBooks® – Journal entries do not use “Items” and items…
A Tour through QuickBooks’ Payroll Setup Tool
Getting QuickBooks ready to process payroll is a complex, time- consuming process. Here’s what you can expect. Payday. You look forward to it when you’re young and working at your first part-time job. But as a grown-up who needs to start processing payroll for your employees, you probably anticipate it in a…
Five Best-Practice Accounts Payable Tips for a Smoother Cash Flow
Watching the cash balance is one of the most frequent activities of a small business owner. Besides making sure you have enough cash for payroll and bills, there is another huge opportunity you can benefit from: lowering the cost of processing your bills. It can be expensive and time-consuming to process bills…
Spring-Clean Your QuickBooks Company File
There are a lot of clues that indicate trouble with your QuickBooks company file. Is it time for a check-up and tune-up? After this ridiculously long winter, you’ll probably hear few complaints about things like puddles in the street, summer heat and spring cleaning. Most people are eager to throw open the…
5 Ways to Accelerate Your Receivables in QuickBooks
Increasing your income is good. But even if you can’t, you can still take steps to collect the money you’re already owed faster. Here are five ways. If you asked five small business owners to name the top three roadblocks they face in their quest for ongoing profitability, it’s likely that all…
What to Do When Calling the Help Line Doesn’t Help
Have you ever called a help line and at the end of the call had a bigger problem than before you called? Unfortunately, it’s not uncommon. Navigating the help line process can be a challenge for anyone’s patience. Here are a couple of tips you can try to make the process a…
Start Planning Now for 2014 Income Taxes
You may not have even completed your 2013 taxes yet. But now is an ideal time to start getting ready for your 2014 returns. We know that you’re in some stage of preparation for your 2013 income taxes. It may seem odd to start thinking about 2014 taxes just now, but actually,…
Is Your Business Using the Right Accounting System?
Have you ever tried on a shirt or jeans and found they didn’t fit at all? They looked great on the hanger, but that was the end of it. Accounting systems come in all sizes, shapes, and colors just like clothing; and just like clothing, some accounting systems fit your business better…
