OSYB Blog: Number Crunch!
News and Views from OutSource Your Books, LLC
Managing Company Credit Cards in QuickBooks – The Easy Way
June 12, 2013 by Ed Becker
Company credit cards are a handy financial tool, and frankly you’ll probably find it hard to do business without them. However, proper bookkeeping that’s well-organized from the start will keep them from becoming a headache. If your business has even a few company cards floating around, you can very quickly have a bookkeeping nightmare on […]
How to Maintain Flawless Wage and Hour Compliance
June 10, 2013 by Ed Becker
Wage and hour compliance is becoming an increasingly important concern for business owners. Whether you run a small café with 5 employees or a manufacturing operation with hundreds of workers, it’s important to protect your business from unnecessary litigation. The Federal Labor Standards Act is notoriously confusing and failure to comply adequately could be extremely […]
Using Classes Effectively in QuickBooks
June 5, 2013 by Ed Becker
Accounting is all about information for effective business management. Classes are one way to get the answers you need quickly and easily. It’s easy to forget sometimes in the hustle and bustle of keeping track of bills and invoices and customer payments and tax time and everything else that accounting isn’t just about numbers. Properly […]
Battle of the Credit Card Readers: Square vs PayPal vs QuickBooks
May 29, 2013 by Ed Becker
Swiping credit cards has never been easier. Each service listed below offers a free card reader that can be hooked up to your desktop computer, iPhone, iPad, and other mobile devices. All you need to do is link your bank account and you are ready to start accepting credit card payments from customers. What was […]
QuickBooks Online vs. QuickBooks Desktop – Which one is right for your business?
May 22, 2013 by Ed Becker
With an ever-expanding collection of features and options, businesses are left with a difficult choice between QuickBooks Online and QuickBooks Desktop. It is important to analyze your business strategy and choose a platform that will be most beneficial to your unique business model. The Key Differences QuickBooks Online lives in the cloud. It functions as […]
How to Extract Insightful Financial Ratios from QuickBooks
May 17, 2013 by Ed Becker
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 […]
Simple QuickBooks Techniques to Thwart Employee Fraud
May 3, 2013 by Ed Becker
Small 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 […]
7 QuickBooks Apps that will Maximize Bookkeeping Efficiency
April 29, 2013 by Ed Becker
Synopsis: 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 […]
