Accounting Archives
Leveraging Expensify to Optimize Remote Work Expenses At least 20% of U.S. workers are working remotely. While the work-from-home (WFH) movement has many perks, it also brings risks, especially when it comes to remote work expenses. Optimizing your current setup can help you stay compliant and maintain visibility and control over decentralized spending in your […]
How to Optimize Remote Work Expenses with Expensify Read More »
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
Cash Flow vs. Profit: Why Both Matter for Growing Businesses Read More »
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
Managing Cash Flow for Law Firms: Billable Hours vs. Fixed Fees Read More »
Q4 2025 Financial Checklist: 6 Tasks Every Business Should Tackle Before Year-End Can you believe it? It seems like yesterday you were spring cleaning your finances, and today, we’re talking about an end-of-year financial checklist. What you do today to close out the year strong will help guide you in 2026. We have a lot
Q4 2025 Financial Checklist: 6 Tasks Every Business Should Tackle Before Year-End Read More »
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
Mastering Recurring Revenue: Setting Up Subscription Billing in QuickBooks Read More »
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
Trust Accounting Made Simple: How to Stay Compliant in QuickBooks Online Read More »
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
Reviewing Inventory in QuickBooks Online Read More »
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
Closing the Books in QuickBooks: Reviewing Receivables and Payables Read More »
What Founders Must Know About Investor Due Diligence Founders raise capital to help fuel product development, scale operations, attract talent and even gain a competitive advantage in the market. Average seed investment rounds are $3 million, but intense due diligence takes place from: Founders Investors Investors will assess the company, market traction, product and other
How to Prep for Due Diligence Before You Raise Capital Read More »
8 QuickBooks Online Setup Mistakes to Avoid Your QuickBooks Online setup may be holding you back. Small mistakes cause business owners to miss out on the power of QBO’s best features and may cause inaccurate financial insights. We’ll explain how to fix a few errors in your QBO setup that may be sabotaging the platform’s
The Biggest QuickBooks Online Setup Mistakes Business Owners Make Read More »