Top articles for Accounting & Bookkeeping

Online Accounting Software

Online Accounting Software

There are many people that use accounting software to keep a business or household running smoothly and on a budget. Without accounting software some people would not have good control over finances. There are several different types of online accounting software to be had. ...read more

How to Learn Payroll Accounting

How to Learn Payroll Accounting

Payroll accountants are responsible for tracking the expenditure of money and assets through a company.  Their job is to help companies track their income and maintain a timely payment record for expenses and bills.  If you are interested in becoming a payroll accountant, you will have to begin your career by studying carefully. ...read more

How to Restore Microsoft Small Business Accounting

How to Restore Microsoft Small Business Accounting

Computer files can sometimes be deleted by accident, get lost or damaged. This could be a potential nightmare, especially if these are small business accounting files. You have peace of mind by knowing how to use the "Backup and Restore" function in Microsoft Small Business Accounting. With a few keystrokes you can restore backed up versions of those files. ...read more

How Does the Communication of Bookkeepers Affect Accounting?

How Does the Communication of Bookkeepers Affect Accounting?

The communications of bookkeepers affect accounting in a major way. Bookkeepers are responsible for collecting accounts receivable and paying out a company's payments on accounts payable. The communication between those who owe money and those who money is owed to is extremely important to the entire accounting process. ...read more

How to Prepare Records for a Tax Accountant

How to Prepare Records for a Tax Accountant

Accountants are an indispensable asset of the tax season for many Americans every year.  For individuals with sizable earnings from interest income, small business or capital gains, having an accountant is recommended.  Before visiting an accountant, take some basic steps. ...read more

How to Become a Certified Bookkeeper

How to Become a Certified Bookkeeper

Certified bookkeepers are the best of the best in the profession. The requirements for certification depend upon where you are employed. Certified bookkeepers must have experience in bookkeeping, achieve a passing grade on a certification exam, sign a code of conduct and attend yearly continuing education classes. ...read more

How to Market a Home-Based Bookkeeping Service

How to Market a Home-Based Bookkeeping Service

You can increase exposure and attract new clients to your home-based bookkeeping service with an effective marketing plan. Running a business from home requires unique marketing strategies to build clientele and maintain current clients. With the new technology and networking opportunities currently available, marketing a business does not require a large monetary investment. Your marketing plan should include both short-term and long-term goals. ...read more

Common Fraud Schemes by Bookkeepers

Common Fraud Schemes by Bookkeepers

The bookkeeper typically has authority and control of the corporate checking accounts and other business accounts such as petty cash. Many business owners implicitly trust their bookkeeper and very seldom ask many questions of their bookkeeper. If no one audits the bookkeepers work it is sometimes very easy for them to commit fraud and steal money from the business. ...read more

How to Mix Personal With Business Accounting

How to Mix Personal With Business Accounting

Mixing personal with business accounting is a common practice amount those with small or home-based businesses. They may use one account and one ledger to document expenses for groceries, mortgage, business expenses and other personal activities. There is one type of structure that is ideal for mixing business with personal accounting. ...read more

How to Convert Microsoft Small Business Accounting Files

How to Convert Microsoft Small Business Accounting Files

Microsoft Small Business Accounting was discontinued in 2009. After it was discontinued, the makers of Quickbooks made a conversion tool that is free to use. This tool helps people who used Small Business Accounting convert their files to the Quickbooks program. ...read more

How to Set Up Accounting for a Small Business

How to Set Up Accounting for a Small Business

Setting up accounting for a small business is no small task. There are many prices of information to pull together in order to properly set up a small business accounting system. It is important to set this up the first time, because reconciling accounting that is not set up correctly can be very discouraging. ...read more

How to Understand Financial Accounting

How to Understand Financial Accounting

Understanding financial accounting can seem like a hopeless task for some. People are often scared away because of the math and terminology involved in the field. It is not as difficult of a subject to understand as it is often perceived. ...read more

Online Accounting Information

Online Accounting Information

The accounting profession details every consideration of good accounting practice online through several accounting societies.  Search online for any of these accounting associations, such as The American Accounting Association for accounting information. The websites will include several pages of detailed accounting information. ...read more

Online Bookkeeping Services

Online Bookkeeping Services

Online bookkeeping services offer affordable solutions for small business owners. Online bookkeeping services offer accounts payable, receivable, payroll and basic bookkeeping support to clients on a predetermined basis. These services can save considerable time and money for small business owners who find themselves in need of quality bookkeeping services. ...read more

Teach Yourself Small Business Accounting

Teach Yourself Small Business Accounting

Small business accounting is an essential skill for any small business owner. Knowing how to keep accurate financial records for your business will help you to make decisions that will benefit the financial security of your business, as well as determine the amount that you must charge for goods or services in order to generate a profit. ...read more

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Gwozdz Gina L CPA

Thanks for the connection. Wishing you continued success in the future. Jill www.heckervideo.com ...read more

Hill Myrna

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By Tresa McFarlin

The best! I've used Myrna for years and she just keeps getting better. Her assistant, Denise, is a pleasure to work with and always professional. I can highly recommend Myrna and do! ...read more

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Glenn Victor B

We provide a full range of tax preparation and audit representation services for individuals, businesses, corporations, and non-profit. Victor B Glenn, CPA offers a full range of tax preparation services by tax specialists serving the Amarillo, TX area. Let us help with estate planning from simple to complex. Additional planning services for financial, retirement, tuition, loan and mortgage payment management. Our seasoned tax professionals provide a full array of tax services for individuals, small businesses, and corporations. In order to avoid surprises at tax time, tax planning is recommended to not only avoid an unexpected tax liability, but to make sure you are receiving the maximum tax benefit for your situation. Let us help set up your small business financial needs. We have the resources and experience to provide accounting and bookkeeping services. We will review your business financial management and help plan your company budget to meet your tax liability. We will manage your accounting and bookkeeping needs, establish payroll, create financial statements and annual reports, and submit timely sales, payroll, and income tax filing s. Our professional tax specialists can guide your estate planning, trust planning, and gift taxation. Our certified tax professionals will represent you and your business if it is chosen for an IRS or State audit. As life needs change, so does your financial situation. We will review your financial plans and advise for your optimum tax and financial benefit the best course and investment strategies. Protect your assets and your wishes by planning your estate, setting up trusts, and learn about gift taxation. Financial needs change for major life events such as changing jobs, starting a family, attending college, buying a home, and retirement. It is important to adequately prepare for these events financially. ...read more

By Glenn Victor B December 26, 2014

Education Tax Credits

If you or one of your dependents attended college you may be eligible for an education credit or deduction.   Here's a quick overview of what's available:American  Credit (AOC) - This credit modifies the existing Hope Credit for tax years 2009 and 2010, making the credit available to more taxpayers, including many with higher incomes and those who owe no tax.   The full credit of $2,500 per student is available to taxpayers whose modified adjusted gross income is $80,000 or less ($160,000 or less for married filing jointly).   In addition, up to 40% of this credit may be refundable.If you or one of your dependents attended college you may be eligible for an education credit or deduction.   Here's a quick overview of what's available:American  Credit (AOC) - This credit modifies the existing Hope Credit for tax years 2009 and 2010, making the credit available to more taxpayers, including many with higher incomes and those who owe no tax.   The full credit of $2,500 per student is available to taxpayers whose modified adjusted gross income is $80,000 or less ($160,000 or less for married filing jointly).   In addition, up to 40% of this credit may be refundable. ...read more

By Gwozdz Gina L CPA March 08, 2010

Annual QuickBooks Maintenance

Now that January is just about over it's time for some annual QuickBooks maintenance.   I said "now that January is over" assuming that you've received your year-end bank and credit card statements and have reconciled all of your accounts through December of the following year. Please note that nothing I'm about to recommend in this article will remove or delete anything you've entered into QuickBooks.  All that I'm recommending is that you make QuickBooks more user-friendly to yourself. Make a backup of your of data to a CD or external hard drive (some location different from where you keep your working copy of your data) File Save Copy or Backup Backup Copy Follow the directions on the screen Make old customers, vendors and employees inactive: Click on "Customer Center" from your top toolbar Highlight the first customer in the list in the left hand column In the right hand column select:  Show:  All Transactions; Filter By:  All; Date:  Last Fiscal Year If then are NOT a new customer for 2010 and you do NOT see any transactions in the window on the right then: Right click on the customer name Left click on "Make Customer: Job Inactive" Repeat the above with the rest of the customers in the left hand column Click on "Vendor Center" from your top toolbar Highlight the first vendor in the list in the left hand column In the right hand column select:  Show:  All Transactions; Filter By:  All; Date:  Last Fiscal Year If then are NOT a new vendor for 2010 and you do NOT see any transactions in the window on the right then: Right click on the vendor name Left click on "Make Vendor Inactive" Repeat the above with the rest of the vendors in the left hand column Click on "Employee Center" from your top toolbar Highlight the first employee in the list in the left hand column In the right hand column select:  Show:  All Transactions; Date:  Last Fiscal Year If then are NOT a new employee for 2010 and you do NOT see any transactions in the window on the right then: Right click on the employee name Left click on "Make Employee Inactive" Repeat the above with the rest of the employee in the left hand column Make unused items on your Lists inactive: Click on "Lists" from the very top row in QuickBooks Click on "Chart of Accounts" Right Click on first account Select "Quick Report", which is the last option in your menu Dates:  "Last Fiscal Year" If the report is empty: Close the report to return to your chart of accounts Right click on that account Select "Make Account Inactive" Repeat the above with the accounts in your chart of accounts Click on "Lists" from the very top row in QuickBooks Click on "Item Lists" Right Click on first item Select "Quick Report", which is the last option in your menu Dates:  "Last Fiscal Year" If the report is empty: Close the report to return to your item lists Right click on that item Select "Make Item Inactive" Repeat the above with the rest of the items in your item list   Click on "Lists" from the very top row in QuickBooks   Click on "Item Lists"   Right Click on first item     Select "Quick Report", which is the last option in your menu   Dates:  "Last Fiscal Year"     If the report is empty:                  Close the report to return to your item lists                Right click on that item                Select "Make Class Inactive"   Repeat the above with the rest of the classes in your item list     Click on "Lists" from the very top row in QuickBooks Click on "Other Names List" Right Click on first item Select "Quick Report", which is the last option in your menu Dates:  "Last Fiscal Year" If the report is empty: Close the report to return to your item lists Right click on that item Select "Make Other Name Inactive" Repeat the above with the rest of the classes in your item list You can continue this with the rest of your lists if you like, but I have found the lists I mentioned above are typically the ones that need the most maintenance.  As I mentioned above, you are not deleting any data you're just making it "inactive".  Because you're not deleting anything your QuickBooks file size will not reduce.  What will happen is that your lists will not be so large and cumbersome as they have been which will make QuickBooks work a little faster and easier.Best wishes,Gina http://GLGcpa.com ...read more

By Gwozdz Gina L CPA February 21, 2010