Over the next few weeks, expect to see some major changes to our website. A new header, footer, menu system, color scheme, and major pages are being updated, modified and changed. By the time you read these words, it is likely that some of the changes have already been made. The goal is to make…
For small business owners, bookkeeping can often feel like a daunting task. However, it is crucial for the success of your business to keep accurate financial records. Here are some bookkeeping tips for small businesses that will help you keep your finances organized and make tax time less stressful. In conclusion, bookkeeping is an essential…
As of the latest guidelines, the IRS rules regarding the deductibility of meals and entertainment expenses as business expenditures have been shaped significantly by the Tax Cuts and Jobs Act (TCJA) of 2017 and subsequent clarifications. Here are the key points: Meals: Entertainment: Recordkeeping: Proper documentation is essential to substantiate meal and entertainment expenses. Businesses…
We have transitioned to fixed rate pricing because we believe it is fairer and more transparent for our clients. This approach, inspired by the home services industry, ensures you know the total cost upfront, similar to when you hire a plumber, lawn care provider, mechanic, or appliance technician. With fixed rates, you can confidently plan…
Managing cash flow is vital for the success and sustainability of any business. Cash flow, the movement of cash in and out of a business, must be positive to ensure bills are paid, growth is financed, and solvency is maintained. This article outlines essential strategies for effective cash flow management and highlights common pitfalls to…
Here is a short video that shows you how to add accounts to your Chart of Accounts (COA) within QuickBooks Online. The instructions works on all subscription levels: Solopreneur, Simple Start, Essentials, Plus, and Advanced.
In the realm of business, cash flow is king. It’s the lifeblood that keeps operations running smoothly, facilitates growth, and ensures stability even in turbulent times. However, managing cash flow effectively is often easier said than done. Fortunately, there are several actionable strategies that businesses can implement to improve cash flow immediately. Let’s delve into…
Payroll management is the heartbeat of any business, ensuring that employees are compensated accurately and on time. In today’s fast-paced world, leveraging efficient tools like QuickBooks Payroll can make all the difference. As a leading provider of modern accounting solutions, Sheldon Bookkeeping is here to share five indispensable tips for mastering QuickBooks Payroll: 1. Stay…
Sheldon Bookkeeping, like any efficient and scalable system, likely employs several key strategies: By incorporating these strategies, Sheldon Bookkeeping can optimize its operations, improve client satisfaction, and position itself for sustainable growth in the long term.
Five new pages are going live on www.sheldonbookkeeping.com this weekend. They are: QuickBooks Online Solopreneur QuickBooks Online Simple Start QuickBooks Online Essentials QuickBooks Online Plus QuickBooks Online Advanced The five additional pages are designed to help new-to-QuickBooks Online users to determine the right subscription level for their business. These pages forced a change in the…
Adopt Sheldon Bookkeeping’s six-point strategy to tackle your overdue tax filings and embrace proactive record-keeping to stay ahead of the game! Keeping your books updated regularly not only guarantees precision but also prevents year-end pandemonium. Don’t allow disarrayed records to impede your progress. Let’s get you up to speed while you pledge to maintain consistent…
Bookkeeping serves as the bedrock of financial management, providing businesses with a clear view of their fiscal health. From facilitating informed decision-making to ensuring compliance with tax regulations, accurate financial records are indispensable. In this article, we’ll explore some tried-and-tested best practices for bookkeeping, empowering businesses to maintain precision in their accounting processes. Keep Receipts:…
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