Common QuickBooks® Mistake in the Undeposited Funds Account
A common mistake I find many QuickBooks® users make is with the Undeposited Funds account. When you create a new company file, QuickBooks® automatically creates the Undeposited Funds account. It acts like a holding account similar to a cash drawer until you go to the...
4th Quarter Checklist
It's mission critical time to close out 2013 strong! Check to make sure all of your accounts are reconciled and up-to-date. This includes checking and savings accounts, credits cards and all loans. I also personally think all of your payroll liability accounts...
The Down and Dirty of Accounting
Did you know that accounting processes began more than 7,000 years ago? The Assyrians began a process that relied on primitive accounting methods to properly record herd counts and growth of crops. Now, 7,000 years later we are still counting cattle numbers but also...