Restaurant owners have to make countless decisions, from menu creation to staffing. One choice that often gets overlooked is which accounting method to use. Cash and accrual accounting each have pros and cons, and the right fit depends on your restaurant’s size and goals, including the decision of using accrual accounting for your restaurant. Cash...
Non‑profits often work with tight budgets and multiple funding sources. Keeping track of donations and grants can be challenging. QuickBooks Online (QBO) offers tools to simplify nonprofit accounting. Set up your chart of accounts. Start by creating categories that reflect your programs and funding sources. For example, separate income accounts for donations, grants and membership...
When facing QuickBooks Online accrual basis cleanup with numerous outstanding checks, start by creating a comprehensive list of all uncleared transactions, use systematic color-coding or sorting methods to track timing differences, and focus on matching transaction dates to when expenses were actually incurred rather than when checks were cashed. The key is understanding that in accrual...
Running a restaurant in Seattle isn’t easy. You already deal with food costs, staffing, and keeping customers happy. Now you need to handle the books without adding stress. This article gives you a clear guide on bookkeeping in Seattle, WA for restaurant owners in 2025. You’ll learn what to do and how to do it...
Bookkeeping doesn’t have to feel like solving a puzzle. Whether you’re a coffee shop owner, a freelance designer, or a solo entrepreneur, understanding the five basic accounts in bookkeeping is like learning the ABCs of your business’s financial health. Let’s break them down with simple examples and actionable steps—no jargon, just clarity. 1. Assets: The...
Have you ever wondered what it would be like to walk away from a stable, well-paying W2 job to take the leap into business ownership? Not the chaotic world of startups, but the calculated move of buying an existing business with proven cash flow. It’s a scenario that doesn’t get much attention, yet it’s a...
Being self-employed can feel overwhelming when tax season comes around. You have to keep track of your income, set aside money for taxes, and fill out the right forms. You might also need to pay taxes every quarter instead of once a year. It can be confusing if you’ve never done it before, but it...
“QuickBooks login” is the process of accessing your QuickBooks account online. Once you log in, you can see financial records, track expenses, create invoices, and manage bookkeeping tasks. Here, we’ll go through how to log in, what to do if you have trouble, and give examples. This helps both new and experienced users understand the...
The Small Business Administration (SBA) has once again written off billions in Covid-era small business loans, raising concerns about oversight and long-term impacts on borrowers. Here’s what small business owners need to know about the latest developments in the Covid Economic Injury Disaster Loan (EIDL) program. Billions in Covid EIDL Loans Charged Off In fiscal...
QuickBooks Time (Tsheets intuit), formerly TSheets, is a versatile tool for time tracking and employee scheduling that integrates seamlessly with QuickBooks. This guide explains its features, benefits, and challenges and provides step-by-step instructions to help you make the most of it. What is QuickBooks Time? QuickBooks Time is a cloud-based solution for businesses to streamline...
Proper bookkeeping is essential for churches to maintain financial transparency, comply with regulations, and effectively manage their resources. This guide will walk you through the key aspects of church bookkeeping, providing detailed insights and practical examples to help you establish a robust financial management system for your religious organization. Understanding Bookkeeping for Churches Bookkeeping for...
When you start entering your business’s expenses at the end of the year, it can get messy if your invoices, receipts, and bank statements don’t match up. You may have missing documents, or you might find that some things listed on the bank statements don’t have a matching invoice or receipt. Sometimes owners pay from...
What Accounting Software Is Best for Small Businesses? Exploring Top Accounting Platforms Are you a small business owner wondering, “What accounting software is best for small businesses?” Choosing the right accounting platform is essential for managing your financial health effectively. Accounting platforms are software tools that help businesses manage their financial records seamlessly. These platforms...
Small business owners can save money and avoid problems during tax season by planning ahead. This guide covers important deadlines, tax-saving strategies, and organization tips for year-end tax planning. Key Tax Deadlines For 2024 Small businesses must meet several tax deadlines throughout the year. Here are important dates to remember: 2024 Due Dates March 15:...
Choosing the right Memphis bookkeeping service is a critical decision for any business. Whether you’re a small startup or an established company, having accurate and well-maintained financial records helps you manage cash flow, stay compliant with tax laws, and plan for the future. A professional bookkeeping service can save you time, reduce stress, and allow...
CentsIQ is a bookkeeping and financial services provider. We serve businesses in Seattle WA (Bellevue, Redmond, Kirkland, Renton, Kent, Maple Valley, Covington) , Portland OR, Memphis TN and beyond.
