Author Archives: bfcadmin

Have You Been Hacked? How to Minimize Your Risk

Just about every day, we read in the news that another company has been hacked.  You might have already been directly affected by the password thefts at LinkedIn last year, or Evernote this year.  Or you might have had your own social media account, email, website, network, or computer hacked.  Worse, many of you have [...]

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Need an A/R Makeover? A Quick, 5-Item Best Practice Checklist

Technology has allowed businesses to make substantial improvements in their customer invoicing processes.  The good news is that when you implement these technologies, you will almost always get paid much faster.   If it’s been a few years since the last time you’ve changed your accounts receivable processes, it’s time for a new look.  Here [...]

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Seven Strategies to Put the Spring into Your Sales

Spring is here and that’s the perfect time to try something new in your business to make things fresh.  Here are seven ideas to try in your business; pick the one that’s most likely to put the spring in your sales.    1.      BOGO   “Buy one, get one” or BOGO deals are always hot [...]

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What Is Cloud Accounting

What Is Cloud Accounting? One of the most exciting changes in the accounting industry is cloud accounting. The concept is easy to grasp: cloud accounting simply puts your accounting system in a private space online so that it is fully accessible to you via a browser or a secure remote connection. Two Ways to Be [...]

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Keeping Things Going in the Cloud

I’ve been moving clients to the cloud over the past year because of the great benefits we are realizing with real-time information and little-to-no data entry. I will tout some of those benefits in my next post. The experience that is on the forefront of my mind right now is the events of the past [...]

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Conversations with Clients – My Best Teachers

As a CPA, I am constantly in learning mode.  New technologies, new tax laws, and new accounting requirements require me to always be reading, researching, listening to webinars, taking classes, and interacting with other CPA’s.  It sometimes feels like it is impossible to do enough.   I do the best I can.  Fortunately, I love learning, [...]

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The Power of Classes in QuickBooks

Classes are honestly my favorite functionality in QuickBooks.  The simple ability to assign a class to a transaction opens up a world of capabilities for analyzing a business.  I use classes primarily to enable detailed Profit & Loss reporting.  Classes provide the ability to segregate transactions by different areas of a business.  By segregating a [...]

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Springtime, Taxes, and New Beginnings for Small Businesses

I always look at the day after tax day as a new beginning.  I think the spring season has something to do with it, but it is also the reality that many small business owners will now finally start to focus on the numbers for 2012.  In the past couple of months, I have spoken [...]

Posted in Accounting, Accounting Software, Bookkeeping, QuickBooks, Small Business, Taxes, Xero | 1 Comment

Why Small Businesses Should Consider the “Cloud”

I am a CPA and I love technology. I love technology not just for the sake of technology, but for its ability to help business owners work smarter and have access to better, faster information. Until recently, most small businesses were presented with QuickBooks as their most cost effective bookkeeping option. QuickBooks can be powerful [...]

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The Difference Between Tax Reporting & Management Reporting

At this time of year, all business owners are thinking about taxes.  They are finalizing their accounting for 2011 and reaching out to their tax preparers.   Their tax preparers will take their financial statements, make some adjusting entries, and start plugging the information into tax software.  Business owners hope that all of their expenses are [...]

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