You Need to Understand Differences Between Accounting and Payroll

As a business owner, you need to understand the differences between accounting and payroll. While accounting and payroll overlap, the two departments differ substantially. Accounting keeps track of their business’s financial health. Payroll focuses on paying employees, taxes, and benefits. In this article, we discuss the similarities and differences between accounting and payroll. Understand the […]

Reveal Secret Growth Hiding in Your Accounting

It may seem like the billing and accounting department for your business is simply there to push paper (or emails), and can’t add value to your business besides the invoices it sends out.This couldn’t be further from the truth, and if you’re lackadaisical with your accounting practices, you could be leaving money on the table, […]

The Five Most Important Numbers in Your Books

Managing and understanding your QuickBooks financial reports can be a difficult task if you do not know what the five most important numbers in your bookkeeping mean. This is why it is always a good idea to seek professional guidance when you are trying to understand what your numbers represent. But to better understand your […]

Why You Should Do an 80/20 Analysis Using QuickBooks

Have you ever heard of the Pareto Principle or the 80/20 theory? Business-management consultant Joseph M. Julian named the principle after Italian economist Vilfredo Pareto. In 1906 Pareto observed a connection between income and wealth, where 80% of Italy’s land was owned by 20% of the population. He carried out surveys in other countries and […]