by Bob Jablonsky EA | Oct 23, 2019 | Accounting, Bookkeeping Tips
Custom fields in your accounting software are data fields that you can define yourself. They are typically associated with customers, vendors, employees, and items, and they can help you store and categorize additional information about these stakeholders and your...
by Bob Jablonsky EA | Sep 26, 2019 | Accounting, Bookkeeping Tips
When you pay a bill in your business, are you 100 percent comfortable that the bill payment is correct and justified? Is there ever a chance that that bill is fake or fraudulent? What about duplicates? With so many fake bills being mailed to businesses these days, it...
by Bob Jablonsky EA | Aug 1, 2019 | Accounting, Business Tips
Each month, your accounting system yields actionable information for you to run your business better. Here are some key reports that all business owners should review every month. Balance Sheet A quick review of the balance sheet can tell you the balances of your...
by Bob Jablonsky EA | Jul 18, 2019 | Accounting
The account on your income statement called Cost of Goods Sold can be confusing to non-accountants. In this article, we’ll attempt to de-mystify it and explain how it works. Cost of Goods Sold is an account in your Chart of Accounts that is a very special type...
by Bob Jablonsky EA | Apr 25, 2019 | Accounting, Bookkeeping Tips
When you purchase a new vehicle, you get the fun of riding around in a new car with the new car smell! Our job has just begun – to get your new asset recorded properly on your books. We thought it’d be fun to give you a behind-the-scenes sneak peek at our...
by Bob Jablonsky EA | Feb 8, 2019 | Accounting, IRS Collection, IRS Problems, Tax, Tax Resolution, taxes
If you or someone you know has the IRS knocking on their door, we wrote this blog article and video to emphasize the importance of pulling tax transcripts before deciding on a resolution method....
