Accounting formulas, also known as financial ratios, express relationships among the amounts reported in the financial statements. These ratios can offer insights into the economic health of a business. They can also indicate the reasonableness of the assumptions implicit in any business plan … [Read more...] about Useful Accounting Formulas
Accounting
How to Be a Good Bookkeeper Using Quicken
If you’re a new bookkeeper for a business that uses Quicken accounting software, you could probably use a bit of help and encouragement. Let me try to do that here. Specifically, I will explain what you should know about your computer, Windows, and Quicken. And I can explain how you should perform … [Read more...] about How to Be a Good Bookkeeper Using Quicken
Tracking Rental Property with Quicken
No matter which version of the software you use, Quicken provides a handy format for tracking real estate investments such as income property. By using the Quicken software for this recordkeeping, you can prepare summaries of income and expenses by property for monitoring your individual real … [Read more...] about Tracking Rental Property with Quicken
Protecting Your Business From Embezzlement
Employee theft is extremely common, unfortunately. People steal office supplies in the fall (to use as school supplies for the children), deal with vendors who provide kickbacks (often in the form of expensive gifts and services), and sometimes even find clever ways to steal inventory and pilfer … [Read more...] about Protecting Your Business From Embezzlement
Quicken vs. QuickBooks
Small business owners frequently ask us, “Can I use Quicken or do I have to use QuickBooks for my business?” Since Steve, the firm’s founding CPA, is the author of both Quicken for Dummies and Quickbooks for Dummies, we can probably provide some useful information on the Quicken vs. QuickBooks … [Read more...] about Quicken vs. QuickBooks