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Why Should I Hire A Bookkeeper?

by Guest Author | January 19/2011 | accounting, audit, bookkeeping, tax, that-bookkeeper
Why Should I Hire A Bookkeeper?

Guest Blogpost by Eric Mathews, author of thatbookkeeper.com.

Why I should hite a bookkeeperDuring the 34 years I’ve been around, I have come to the realization that I am an anomaly. When I was 14, and my friends were sleeping in or going to the pool, I spent the mornings of my summer vacation at my mom’s office. They needed…


Saving for Taxes with FreshBooks

by John Coates | January 17/2011 | accounting, cogs, profit-and-loss, tax
Saving for Taxes with FreshBooks

Do you ever get stuck at tax time with not enough cash? FreshBooks CEO and co-founder, Mike McDerment, who was a freelancer, had to take out a loan every tax season because he was short on cash when taxes were due. It was an annual bummer. If you want to avoid this predictable cash…


6 Tips to Reduce Your Taxes

by John Coates | January 10/2011 | accounting, bookkeeping, tax, write-offs
6 Tips to Reduce Your Taxes

_These tips are based on the United States’ tax system. Please talk to your accountant for specific tax advice._

As a small business, nothing is more important than the preservation of Cash. Losing money to worthless expenses can literally sink a new company before it gets off the ground. Unfortunately, business taxes are one…


Tax time reports in FreshBooks

by John Coates | January 3/2011 | accounting, shoeboxed, tax
Tax time reports in FreshBooks

No need for this

Hooray! It’s New Year! Happy New Year! You know what’s right around the corner? Tax season! Paperwork is so exciting and it just takes minutes to run all your reports. Right?

This year, since you used FreshBooks so diligently, you’re going to be done in minutes, assuming all your records are…


Part 4: Making FreshBooks work with an Accounting package (like QuickBooks)- Workflow #3 - Cash based entries

by John Coates | December 15/2010 | accounting, quickbooks, tax
Part 4: Making FreshBooks work with an Accounting package (like QuickBooks)- Workflow #3 - Cash based entries

An addition to the original series on FreshBooks and an accounting package.

If you’re using FreshBooks to manage your staff’s time sheets and your billing, but use an accounting package (QuickBooks) to run your more complicated back-end bookkeeping, and if you use the cash basis to record your transactions, here are some helpful hints to…


What are your New Year tax resolutions?

by John Coates | December 14/2010 | accounting, shoeboxed, tax
What are your New Year tax resolutions?

More six packs this year.

It’s the New Year and you know what that means! Resolutions for better bookkeeping! Fun right? Unlike the gym, you always need to do a good job on your taxes to save yourself time and save your accountant’s time, which saves you money (more six packs!) But what are you…


“Accrual accounting was created to fill textbooks”

by John Coates | December 9/2010 | accounting, accrual, cpa, gaap, tax
“Accrual accounting was created to fill textbooks”

“Accrual accounting was created to fill textbooks” said a CPA (Certified Public Accountant) I was chatting with on a recent road trip. Essentially, since accrual accounting is more complicated than cash basis accounting, it fills up more space in textbooks, justifying their length. The CPA further went on to say that most of…


Guest Post: Do I Really Need an Accounting Package? Part 2 with Jason Blumer, CPA

by Kasey Bayne | July 26/2010 | accounting, cpa, finance, jason-blumer, tax
Guest Post: Do I Really Need an Accounting Package? Part 2 with Jason Blumer, CPA

Special thanks to a great guest poster, Jason Blumer, for this post! Jason is a CPA, Partner, and Head Creative Dude at Blumer & Associates, CPAs, PC. Jason’s an innovative, smart thinker who knows his stuff. Thanks Jason!

You can also check out Do I Really Need an Accounting Package (Part 1) to…


Making FreshBooks and an Accounting Package (like QuickBooks) Work Together Part 3: Workflow #2 – Entering in Each Transaction

by John Coates | July 7/2010 | accounting, reports, tax, workflow
 Making FreshBooks and an Accounting Package (like QuickBooks) Work Together Part 3: Workflow #2 – Entering in Each Transaction

3rd part of a three part series on using FreshBooks with a double ledger accounting program. Check out Part 1: Overview and Rules and Part 2: Workflow #1 - Using General Account Entries.

 

This is the second workflow of two. This workflow is good if you want detailed reporting in your accounting…


Making FreshBooks and an Accounting Package (like QuickBooks) Work Together Part 2: Workflow #1 – Using General Account Entries

by John Coates | July 2/2010 | accounting, reports, tax, workflow
 Making FreshBooks and an Accounting Package (like QuickBooks) Work Together Part 2: Workflow #1 – Using General Account Entries

2nd part of a three part series on making FreshBooks work with a double entry accounting program. Check out Part 1: Overview and Rules. The second workflow can be found in Part 3: Workflow #2 - Entering in Each Transaction

This is the first workflow of two. This workflow is ideal if your time…