I found this article by Cheryl Russell really interesting and an eye-opener! I was not very old in 1950, but many statements were still factual in 1960, when I was a teenager. What the Time Traveler SeesThe year is 1950, and you have been transported (magically, of course) more than half a century into the…
Before you let the new year carry you away, take care of three important year-end accounting tasks. 1. Run your year-end reports on paper. There are four important types of reports to document your important business info for the year. Put them on paper to protect against changes in software systems, lost data, or other…
Each Friday, I open the brag basket as a fun place to brag or promote yourself and your projects. Fridays are doubly special, though. We are also celebrating Frozen Pea Friday for Susan Reynolds. (Why all the peas? Susan used a bag of frozen peas as an ice pack after biopsy and found the courage…
Common mistakes can kill your small business, but most of them can be easily corrected or avoided. Today’s Bad Example: Bad LocationAll business depend on location to some extent. Even if your small business is just you, the location affects your work! More often, we think of retail and food businesses that depend on walk-in…
As part of the Simplified Accounting and Bookkeeping series, I present an ancient handout from my days of teaching QuickBooks courses. QuickBooks is capable of tracking an enormous level of detail and then generating reports from it. This does make the program extremely flexible, offering several different options for each type of detail. No one…
Each Friday, I open the brag basket as a fun place to brag or promote yourself and your projects. This week is special, though. We are celebrating Frozen Pea Friday for Susan Reynolds, who is having breast cancer surgery today. (Why all the peas? Susan used a bag of frozen peas as an ice pack…
Small and simple businesses don’t require too much record keeping. How tiny is tiny? This article is for you if: you have a simple side business you are the only person in your business you sell only your own services (like a consultant) you re-sell products from a single supplier, or direct selling such as…
(1) Use your bank credit card to pay year end deductible expenses; for transactions with a bank credit card, you take the deductionin the year that the item was charged, even if you pay the bill next year.(2) Remember the rules for substantiating charitable contributionsas you do your year-end giving.Starting this year, donors are required…
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