News & Updates

Organizing The Chart of Accounts What is the chart of accounts inside QuickBooks? Why should it be organized? Does the chart matter?  The simple answer is that it completely matters, and organization is the key to using it effectively. The chart of accounts is a chart of categories and titles where money is organized into inside financial software. Without accurate mapping and a good strategy to label income, spending, assets, and liabilities, a business owner or operator will lack the capability to read and understand the reports. An organized chart of accounts is the foundation for building and completing helpful, […]

How to Get Paid Faster:  How to Shorten Your Accounts Receivable Cycle As a business owner, it’s frustrating to wait a long time for customers to pay you the money they owe. When services are performed, we hope and expect people to simply pay us. The Accounts Receivable Summary report in QuickBooks Online shows you which customers haven’t paid you yet and how long you’ve been waiting for their payments. Your balance sheet Accounts Receivable line also indicates the total money owed to you by all your customers if you lumped them all together. Paying attention to these reports and […]