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Q&A: Importing Transactions From Online Merchant Account

Q: We have a software division that charges people monthly on subscription plans. It's all done automatically. What's the FASTEST way for me to manage this? I don't really want to manually enter thousands of monthly charges into QuickBooks every month, but at the end...

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Ten Ways Outsourcing Drives Your Bottom Line

Freedom: outsourcing to a service provider allows you to concentrate on income generating activities, increasing your income... Reduces overhead: if you don't have an accounting department, you don't need the office space, telephones, cubicles, chairs, filing...

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Q&A: Merchant Account Fees as a COGS

Question: Why did QB set up Merchant Account Fees as a COGS (cost of goods sold) account? Before starting to use Quickbooks, I always had the Merchant Account Fees account set up as Expense Type. QB interview set it up as COGS. (I am an artist and do keep track of...

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Why Outsource Bookkeeping/Accounting?

Why should you outsource your bookkeeping and accounting functions? You might want to consider doing so for several reasons. For starters, maybe you’re someone who just hates math and accounting with a passion. There’s no shame in that; I will be the first to stand...

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Q&A: Self Employment Taxes

Q: I have started a small business. How do I report (tax purposes) payments to me as the owner? Is that considered income for self-employment or is the net profit from the business used for self-employment taxes? A: For tax purposes, if you are a sole proprietor, the...

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Hey There, I'm Joyce.  Virtual CFO & CPA to Creatives and Coaches
I help super smart entrepreneurs track their money and grow their businesses by co-creating their money map...a combo of systems that simplify, goals that inspire and milestones that encourage.
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