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Podcast on Bookkeeping, Budgeting and Profitability

I had the pleasure of being on the Rialto Marketing Podcast with Tim Fitzpatrick.  We covered some great topics including – How can people be more efficient with bookkeeping? What do people get wrong when it comes to budgeting and planning? How do companies improve growth, profitability and. cash flow? Here is the Facebook live Read more about Podcast on Bookkeeping, Budgeting and Profitability[…]

classify

How to classify transactions for bookkeeping

For most CEOs one thing they struggle with for bookkeeping is how to classify transactions – should it be an office expense, cost of goods sold, or ask my accountant?  Luckily there are some guidelines to follow from a tax perspective and so your financials are easy for someone to look at and understand how Read more about How to classify transactions for bookkeeping[…]

ERC

Employee Retention Credit (ERC) Overview

Now that PPP2 has come and gone for the most part we are seeing more questions for help on the Employee Retention Credit (ERC) to see if they are eligible and how to apply.  We will cover both in this article but first lets give a little background. What is the Employee Retention Credit (ERC)?  Read more about Employee Retention Credit (ERC) Overview[…]

qb time

Automate Hourly Invoicing using Quickbooks Time

Invoicing for hourly time across staff and clients is very time consuming.  We used to use Google Sheets and manually combine multiple staffs tabs into a master tab and filter it so that we could find out how much time was worked on a given client.  Then we would have to enter each line manually Read more about Automate Hourly Invoicing using Quickbooks Time[…]

CPA Firm Services

What can a CPA firm do for you?

Paul Heffner, CEO of Financial Pals, discusses what CPA firm services are and how they can be beneficial to personal and business financial health.  Although most small businesses are not required to have a CPA involved, it’s always a good idea for a small business and start-ups to hire a CPA to review its internal controls, evaluate accounting software, obtain tax advice, and so on.  Read more about What can a CPA firm do for you?[…]

Bookkeeping Services YouTube

What are bookkeeping services?

Bookkeeping is a very general term and has many different definitions kind of like a handyman.  Some handyman can repair everything from HVAC to plumbing and painting, while others really only do smaller jobs like change out locks or fix a garbage disposal.  Bookkeeping is the same way.   Some bookkeeping firms only provide basic bookkeeping Read more about What are bookkeeping services?[…]

The CARES Act

How to Account for CARES Act Money – PPP and EID, Loans, Grants, Advances

There continues to be a lot of conflicting information regarding the different programs associated with the CARES Act.  We will continue to update this post as we find out more however this money is coming in or has already come in and needs to be accounted for immediately so we wanted to share some of Read more about How to Account for CARES Act Money – PPP and EID, Loans, Grants, Advances[…]

Cash Flow Forecasting

How to Create a 13 Week Cash Forecast

In this video I explain how to create a 13 week Cash Flow Template, Customer Forecast and AR Forecast.  I also share lots of good excel and QBO tips along the way 🙂 If you need help or have questions, Finance Pals would love to give you some free tips and advice over a 30 Read more about How to Create a 13 Week Cash Forecast[…]

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Finance for Startups – Proforma, Bookkeeping and Funding

In this Regis Innovation Challenge video on Finance for Startups, we will discuss:  How Much Money you Need, What you Need to do to Prepare for Taxes Next Year and will also look at How you are Going to Fund your Business. To answer those questions we look at proformas, bookkeeping and funding options. If Read more about Finance for Startups – Proforma, Bookkeeping and Funding[…]