Redmond Accounting Inc

Nikki Smith

Intuit Enterprise Suite

Migrating to Intuit Enterprise Suite: What to Expect

Migrating to Intuit Enterprise Suite: What to Expect   In our last blog  post, we introduced what Intuit Enterprise Suite (IES) is. This post focuses on the journey: how companies are moving to it, where it’s delivering the most value, and what questions to ask before diving in. Why Companies Are Moving to IES Early […]

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Intuit Enterprise Suite

Intuit Enterprise Suite: Mid-Market Accounting Revolution

Intuit Enterprise Suite: Mid-Market Accounting Revolution   For decades, QuickBooks has been synonymous with small-business accounting. But as companies grow, they inevitably face a dilemma: their financial needs become too complex for lightweight tools, yet full ERP systems feel like overkill.  They’re too costly, too rigid, and too slow to implement. Enter Intuit Enterprise Suite

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Cash Flow vs. Profit

Cash Flow vs. Profit: Why Both Matter for Growing Businesses

Every successful business owner keeps a close eye on their bottom line, but focusing on profit alone doesn’t always tell the full story. You can show a healthy profit on paper and still struggle to pay the bills. On the flip side, you might have strong cash flow even while posting a short-term loss. Understanding

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Cash flow for law firms

Managing Cash Flow for Law Firms: Billable Hours vs. Fixed Fees

Law firms face a unique challenge when it comes to managing finances: balancing the ebb and flow of client billing with the steady need for predictable cash flow. Whether your practice relies on billable hours, fixed fees, or a hybrid model, each approach affects how money moves through your business. Understanding cash flow for law

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recurring revenue

Mastering Recurring Revenue: Setting Up Subscription Billing in QuickBooks

Recurring revenue is the lifeblood of subscription-based businesses. Whether you’re running a SaaS company, a membership program, or a service with monthly retainers, predictable income brings stability and growth potential. But recurring revenue also requires careful tracking, accurate forecasting, and streamlined billing processes. QuickBooks Online (QBO) offers the tools to handle subscription billing effectively, helping

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Trust accounting

Trust Accounting Made Simple: How to Stay Compliant in QuickBooks Online

For law firms, managing client trust funds isn’t just another bookkeeping task, it’s a serious fiduciary responsibility. Every dollar held in trust belongs to a client, not the firm. Mishandling these funds, even unintentionally, can put your practice at risk of audits, penalties, and even disciplinary action. That’s why understanding trust accounting and using the

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Reviewing inventory in Quickbooks Online

Reviewing Inventory in QuickBooks Online

After reconciling your bank, credit card, Accounts Receivable, and Accounts Payable balances, you might think your Balance Sheet is finally wrapped up. But if your company tracks inventory, there’s another critical step before you can close the books: Reviewing Inventory in QuickBooks Online. Inventory is one of the trickiest areas of accounting. It affects not

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receivables and payables

Closing the Books in QuickBooks: Reviewing Receivables and Payables

Once the bank and credit card accounts are reconciled, many people think the hard work is done. But if you stop there, you could still be leaving big gaps in your financial records. Reconciling the bank is only the beginning of closing the books. The next step in your checklist is to work through the

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Open Items

Why Open Items Matter in QBO

You’ve made it to the $0.00 difference on your reconciliation screen in QuickBooks Online. That green checkmark is tempting. But before you click Finish now, there’s one more step you can’t afford to skip: reviewing your open items. Open items are the remaining transactions that haven’t been checked off as cleared during the reconciliation. Even

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Troubleshooting reconciling

Troubleshooting Reconciling in QuickBooks Online

Troubleshooting Reconciling in QuickBooks Online: A Guide to Getting That $0.00 Difference   Reconciling your bank or credit card accounts in QuickBooks Online (QBO) is a key part of closing your books and ensuring accuracy. But what happens when the numbers don’t line up? One of the most common challenges is troubleshooting the current reconciling

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