Redmond Accounting Inc

Cloud-based accounting software

Quickbooks Reports

From Transactions to Insights: Using QuickBooks Reports for Smarter Decisions

From Transactions to Insights: Using QuickBooks Reports for Smarter Decisions   Most business owners start using QuickBooks for one reason: to keep the books clean and stay compliant. They want invoices sent, bills paid, payroll tracked, and taxes handled without chaos. But once your bookkeeping is consistent, QuickBooks becomes something much more valuable than a […]

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Bank Reconciliation

The Role of Bank Reconciliation in Protecting Your Law Practice

The Role of Bank Reconciliation in Protecting Your Law Practice   Running a law practice requires more than winning cases and serving clients well. It also requires careful stewardship of client funds, accurate financial records, and the ability to withstand scrutiny from regulators, auditors, and bar associations. One of the most important yet often underestimated

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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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Woman going over her QuickBooks Online setup mistakes

The Biggest QuickBooks Online Setup Mistakes Business Owners Make

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

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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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