Accounting Archives
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 »
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
Why Open Items Matter in QBO Read More »
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
Troubleshooting Reconciling in QuickBooks Online Read More »