Budgeting vs Forecasting: What’s the Difference and Why Does It Matter?
Budgeting vs Forecasting: What’s the Difference and Why Does It Matter? Businesses run on money. Without cash flow, your business will quickly fall behind. You
Cash vs Accrual Accounting: Which One is Right for You?
Cash vs Accrual Accounting: Which One is Right for You? Your accounting method matters. As a business owner, your choice will impact how and when
QuickBooks Online: Special Transactions
When using QuickBooks Online (QBO), it’s easy to assume that most transactions fit neatly into two categories: sales transactions or purchase transactions. However, several types
Understanding Purchases Versus Expenses in QuickBooks
In a prior blog post we discussed sales versus income. Today we will dive into another set of similar terms that have different meanings in
Advanced Project Insights with Project Reports and Labor Costing
In our previous blog post, we explored the foundational features of the QuickBooks Online Projects tool, including its dashboard, setup, and general benefits for job
Streamlining Job Costing with QuickBooks Projects
Many businesses operate on a project-by-project basis and require a system to track revenue, costs, and profitability for each project. QuickBooks Online’s Projects feature is
6 Strategies to Reduce Payroll Costs
6 Strategies to Reduce Payroll Costs Businesses spend about 1.25 to 1.4 times an employee’s salary on payroll costs, according to the Small Business Administration
How to Use KPIs to Improve Financial Health
How to Use KPIs to Improve Financial Health Key performance indicators (KPIs) can help you improve your financial health through strategic monitoring of metrics that
Understanding Sales vs. Income in QuickBooks Online
When working in QuickBooks Online (QBO), it’s essential to understand the difference between sales vs. income. These terms have specific meanings within the QuickBooks ecosystem