How to record a refund for merchandise inventory in MYOB

November 3, 2010

Recently, I received this question: The situation: I bought inventory and pre-paid the invoice with a credit card. When I received the inventory, they said they had misquoted me and refunded me $50.00 on the order. The refund was made back to the credit card that was used to pay for the order. The question [...]

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4 Steps To Keep Your Finances on Track in the 4th Quarter

November 1, 2010

Forecast Revenue - Based on your year so far, historical numbers, and marketing plan, what revenue goals are achievable for the rest of the year? If you haven’t been doing well this year and you really need to bring your A game to 4th quarter, what are you going to do differently? In your review process, you should [...]

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8 Interview Questions for Prospective Accouting & Bookkeeping Staff

October 13, 2010

I’ve been doing some interviewing lately and I thought I’d share some of the questions I ask potential bookkeepers. For more information on how I like to see them answered, subscribe to CrackerJack Business Insights. A full article will be in the October 21st issue. Do you think accrual or cash basis reporting is better [...]

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Is your bookkeeper stealing from you?

October 6, 2010

I recently read an article in our local paper that details a pretty standard embezzlement case. In this case (Wilsonville bookkeeper gets theft conviction), the bookkeeper charged at least $17,000 of personal charges to a company credit card.  She also wrote convenience checks off the credit card to pay personal bills.  She is believed to [...]

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The Cost of Business Culture (especially in creative agencies)

September 22, 2010

The latest post over on the People Positive Culture blog is “Throwing money at candidates?”. Steve Potestio delves into the difficult subject of new recruits who require more than a company needs to or should pay. Steve points out that if you have a place where people want to work, pay won’t be the only [...]

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Multi-User Included In QuickBooks for Mac 2011

September 16, 2010

One of the biggest compaints about QuickBooks for Mac has been that it didn’t have multi-user functionality.  Complain no more!  The 2011 edition is multi-user friendly.  Hooray!  Checkout all the great new features in 2011 here: QuickBooks for Mac 2011 Press Release.

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Keeping Track of Passwords

September 13, 2010

Everyone has a ton of passwords these days and they can be hard to keep track of.  There are add-in’s for your web browser that work great for personal use (I have used RoboForm for Windows and 1Password for Mac), but I haven’t found much for sharing. Enter Passpack.  I was made aware of this [...]

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Information To Collect From Your Bookkeeper At Termination

August 16, 2010

I was recently asked to compile a list of information needed prior to terminating a bookkeeper.  I’ve compiled a list of things that you may need to retrieve from your bookkeeper, controller, or office manager below. Even if you have no plans to terminate, pretend like you are firing your bookkeeper or controller and start [...]

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