Hidden among the mountains of data you have accumulated in QuickBooks lies several eye-opening financial ratios. These ratios are essential in corporate finance, but are also extremely effective at analyzing the financial strength of small businesses. The Current Ratio Current Ratio = Current Assets / Current Liabilities Does your business have the ability to pay [...]read more
Posted by Ed Becker on Friday, May 17, 2013Small businesses often overlook the risk of employee theft and fraud. In most cases, weak internal controls leave the door wide open for embezzlement of company funds by unscrupulous employees. Fortunately, there are several simple techniques that can be implemented in QuickBooks to significantly decrease the risk of fraud. 1. The Root of the Problem [...]read more
Posted by Ed Becker on Friday, May 3, 2013Synopsis: The impact of expiring green energy tax incentives for small business and what to expect in the future. As traditional fuel prices continue to climb, green energy tax incentives have failed to keep up with the pace. Over the past decade, tax breaks for solar, wind, and alternative fuels have made clean energy a [...]read more
Posted by Ed Becker on Wednesday, May 1, 2013Synopsis: An overview of 7 exciting QuickBooks Apps that can improve bookkeeping efficiency for small businesses. The rapidly evolving Intuit App Center offers software add-ons that can dramatically improve bookkeeping efficiency. The app center allows 3rd party software developers to create powerful new services that expand the core QuickBooks experience. Below you will find 7 [...]read more
Posted by Ed Becker on Monday, April 29, 2013Bookkeeping is the recording of all your business financial transactions and it has to be done accurately. If you are a small business owner then you will be wearing a lot of hats, leaving you little time for accurate accounts or bookkeeping. 1. Fortunately there are many financial software programs that help you accurately record [...]read more
Posted by Ed Becker on Friday, April 26, 2013
I am a licensed CPA in both New York and Massachusetts, and a member of the American Institute of Certified Public Accountants.