Every business has one. Whether you’re a solo entrepreneur, a nonprofit leader, or running a growing company with a small team, your Chart of Accounts is quietly working behind the scenes, keeping your books in order. But what exactly is it? And why does it matter so much? Let’s break it down in simple terms. […]
If you’ve ever looked at your balance sheet and wondered what “owner’s equity” really means—or why it matters—you’re not alone. It’s one of those terms that shows up in financial reports, but it’s rarely explained in plain English. In simple terms, owner’s equity tells you how much of your business you truly own. Whether you’re […]
Keeping your business finances in order starts with being accurate. One of the easiest ways to do that? Match your books to your bank statement regularly via the bank reconciliation. This simple process of comparing your books to your bank statement can save you from costly errors and even help you catch fraud before it […]
When you’re trying to grow your business, not every contact is ready to become a customer. Some people just need more time, more information, or a few follow-ups before they decide. That’s where the Lead Center in QuickBooks Desktop Pro can help. This handy feature gives you a place to keep track of potential customers […]
If you ever find yourself covering costs for a client project—like picking up materials, hiring a subcontractor, or traveling for a job—those are expenses you’ll want to get reimbursed for. QuickBooks Online (QBO) has a handy feature that makes this simple: Billable Expenses. Let’s walk through how it works and why it can help you […]
Why Financial Statements Matter Let’s say your bank account has money in it. That must mean business is good, right? Not necessarily. Financial statements go beyond your current balance to show how your business is really doing. Understanding how your profit and loss statement, balance sheet, and cash flow statement work together helps you make […]
If your business handles projects, jobs, or client-specific work, you’ve probably asked yourself: “Am I actually making money on this?” That’s where job costing in QuickBooks Desktop comes in. Job costing helps you track all the income and expenses tied to a specific job or project so you can clearly see what’s working — and […]
Stay Prepared for the Unexpected Whether it’s a sudden drop in revenue, an unexpected repair, or an economic downturn, having an emergency fund for your business can be the difference between staying open or shutting down. A business emergency fund gives you the buffer you need when life throws you a curveball. Here are a […]
Your QuickBooks Online (QBO) dashboard is the first thing you see when you log in, so why not make it work for you? A well-organized dashboard helps you track key financial metrics, streamline workflows, and get quick insights into your business’s financial health. Whether you’re a small business owner, bookkeeper, or accountant, customizing your QBO […]
Most business owners spend a lot of time looking at their Profit & Loss Statement—it’s familiar, tracks income and expenses, and speaks the same language you probably use daily. However, another financial report is just as important: the Balance Sheet. The Balance Sheet can feel less approachable. It uses terms like “assets” and “liabilities,” which […]