Small Business Ideas


The Accounting Equation

If you’re going to do either bookkeeping or accounting, you need to understand the accounting equation. It’s the basis for everything we do in financial management. The equation works the same for every business no matter how large or small. It applies to the mom and pop shop on the corner and to General Motors….

Read More »

When Will You Make a Profit?

Breakeven Analysis Before you start your business it’s a good idea to compile projections of your income and expenses. If you’re realistic you’ll soon figure out that it will take a while before you start to make a profit. You need to know when that will happen because you’ll have to figure out how you’re…

Read More »

Keeping Your Employees Honest

How to spot and prevent employee theft Do you find that you keep having to purchase inventory more often than sales would dictate? Has your cost of goods sold increased more than sales have? Do your customers complain that their shipments are short? If so, then your employees may be using your inventory to stock…

Read More »

Cash vs. Accrual Bookkeeping

I would guess that most small businesses, those owned and run by one or two people, use the cash basis of accounting. Under this method, you don’t record any revenue from sales until you get the payment and deposit it in your business bank account. Expenses aren’t recorded until you pay them. You might have…

Read More »

Hello fellow bookkeepers!

If you have read my book, then I hope that you are well on your way to starting your bookkeeping business. If you have not yet looked at my book, I hope that this site will inspire you to invest in it. This site is an extension of my book, Jumpstart Your Bookkeeping Business. Here,…

Read More »

Authorized QuickBooks Hosting

A couple of weeks ago Keith Greener posted a list of the companies that were qualified QuickBooks Hosting Providers on the Successful QuickBooks Consultants forum on LinkedIn. These companies have gone through an independent third party accreditation and have entered into a licensing and distribution agreement with Intuit, the maker of QuickBooks. These companies are…

Read More »