Sullivan & Co., CPA's, P.C.
Denise M. Sullivan, CPA
E-NEWSLETTER

Sign up for our newsletter and receive the latest tax updates and due date reminders.

 

Settle Up Fast with Quickbooks’ Bill Paying Tools

Some of the financial crystal ball-types are telling us there are signs that the recession may be drawing some of its last breaths. But those bills are still coming in, and you may have had a long, dry summer and less income that you can use to meet those business obligations.

Tune Up Your Business Plan with QuickBooks
Do you have a business plan? If you don’t, even if you’re a sole proprietor, you should. Business plans can be a good barometer for the health of your finances as a way to gauge whether or not you’re on the right path. If you don’t...

more »

Save Time for Summer by Memorizing Transactions
Unfortunately, your work with QuickBooks doesn’t end just because it’s summer, the weather’s great, and school’s out. But there are ways to minimize your time spent managing your money and maximize your time at the beach. Memorizing...

more »

Recording Infrequent Transactions in QuickBooks
Day-to-day transactions like receiving payments from customers or paying vendors occur so frequently that most QuickBooks users do them automatically. However, from time to time you may encounter an infrequent transaction that will stop you in your tracks....

more »

Getting Things Done Fast with QuickBooks Keyboard Tricks
You're accustomed to using your mouse to navigate your way through QuickBooks, but you may not realize that there are faster ways to get your work done in QuickBooks. Typically your hands are already on the keyboard, so take advantage of the shortcuts...

more »

Minimize Your Exposure to Fraud
Do you know how to detect and protect yourself from fraud? Most of us want to naively believe it will never happen to us. In reality, fraud impacts small and mid-size businesses far more often than large corporations. Why? Smaller businesses tend to take...

more »

7 Ways to Use QuickBooks to Manage Collections
In these trying economic times it’s more important than ever to keep a close rein on your accounts receivable. Seemingly no one is immune to sudden changes in financial circumstances, so be sure to monitor your outstanding invoices closely. There’s...

more »

Use Closing Date to Protect Prior Year Data
You’ll likely be closing the books on 2008 soon and your records will become the basis for your tax return. It’s critical that your QuickBooks records for a given year match the corresponding tax return, so consider setting a closing date...

more »

16 Bank Reconciliation Tips and Tricks
Although it may seem like drudgery, reconciling your bank account is a critical accounting task that you should carry out each month. Doing so helps ensure the integrity of your financial reports, since most of your accounting transactions ultimately...

more »

Seven Ways to Search QuickBooks
Over time, your QuickBooks company can grow in size to the point that it becomes difficult to find specific transactions. For instance, let’s say that you hire a new employee, and want to order another desk to match the ones in your office. You...

more »

Use Accounting Ratios to Stave Off Financial Problems
Does the mere mention of accounting ratios put your teeth on edge, and bring back bad memories of Accounting 101? It shouldn’t as ratios can help your quickly determine how your business compares against others. Banks often use ratios to analyze...

more »

QuickBooks Helps You Navigate Tricky Waters
The price of gasoline is just one of many factors putting pressure on our economy as a whole. Now it’s more important than ever to keep a close eye on your company’s performance. Many business owners compare financial results to an annual...

more »

Summarize Payroll Data in Excel
This feature is available in QuickBooks 2004 and later, and enables you to generate numerous payroll reports in Excel with just a couple of mouse clicks. Keep in mind that the mix of reports that you see may vary, based on your version of QuickBooks....

more »

Change Report Options
You don't have to return to QuickBooks if you decide that you want to generate a different tax form worksheet, or perhaps change the report dates. The steps differ slightly, depending upon your Excel version: Excel 2003 or earlier: Choose Get QuickBooks...

more »

Profit & Loss Report Versus Statement of Cash Flows
If you’re like most QuickBooks users, you rely on the Profit & Loss Standard report to monitor how your business is doing. However, you may have overlooked an even more valuable report: the Statement of Cash Flows. The Profit & Loss Standard...

more »

Ten Overlooked QuickBooks Reports That You Should Use
Just about every QuickBooks user relies on the Report Center and Reports menu, but if you’re like most, you have a small handful of reports that you tend to rely on. In this article we’ll go off the beaten path and explore ten reports that...

more »

What's This? Bookmark and Share PDF